Virginia Businesses in the News


Mergers and Acquisitions

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For the Record is compiled from company releases, business journals and newspaper reports from around the state. If you have an item for these listings: • Mail it to: For the Record Virginia Business Magazine P.O. Box 85333 Richmond, VA 23293 • E-mail it to ForTheRecord@va-business.com • Fax it to (804) 649-6311

General Dynamics, a Falls Church provider of mission-critical information systems and technologies, plans to acquire the developer of the Pandur family of wheeled combat vehicles and the Ulan tracked infantry fighting vehicle, Steyr Daimler Puch Spezialfahrzeug Aktiengesellschaft & Co., and its parent company, SSF-Holding GmbH of Austria, to join General Dynamics’ Combat Systems group. (PR Newswire)

Network Solutions of Herndon, an Internet services provider, is being acquired by Pivotal Private Equity, a Phoenix-based provider of equity for middle market corporate acquisitions, for $100 million. (Business Wire)

Peebles Inc., a department store retailer based in South Hill is being acquired by Stage Stores Inc. of Houston, a larger retailer chain, for $213.9 million. The deal unites two retailers that sell nationally known brand names at stores operating mostly in small and midsize markets. (Richmond Times-Dispatch)

SAS, a business intelligence provider based in Cary, N.C. with operations in Virginia, acquired Marketmax of Wakefield, Mass., a provider of advanced retail planning and merchandise intelligence software. (Business Wire)

Science Applications International Corp. of McLean, a research and engineering company acquired Jullien Enterprises, an electronic security systems integrator headquartered in Chantilly. (PR Newswire)

Smithfield Foods Inc. in Isle of Wight County, a hog and pork producer, won a bidding war to buy the pork business, Farmland Foods, a subsidiary of Farmland Industries Inc., for $367.4 million. (The Virginian-Pilot)

Synergy Networks Inc., a Vienna-based technology firm was acquired by Rockefeller Group Telecommunications Services, Inc., of New York, a provider of voice and data telecommunications managed services. (PR Newswire)

TransMontaigne Inc. of Denver, Co., a refined petroleum products distribution and supply company, purchased a 900,000 barrel terminal in Norfolk with a two-lane truck rack and a deepwater dock from ExxonMobil Oil Corp. (Business Wire)

WebMethods Inc., a Fairfax software maker, announced three acquisitions for $32 million in an effort to remain viable in the software market. (The Washington Post)