Equity firms, ABS Capital Partners and Norwest
Equity Partners, bought a majority share of Fairfield
Language Technologies Inc., a Harrisonburg-based
provider of language instruction programs. The sale
was prompted by the desire of Fairfield's founders
to pursue other ventures. The company has opened
offices in Fairfax and London and has 400 employees.
Plans call for the addition of another 100 in the
next two years, as well as retention of the Harrisonburg
headquarters. (Daily News Record)
McGuireWoods LLP, a
Richmond law firm, merged with Gordon & Glickson LLC, a Chicago law firm
that specializes in an information technology practice.
The move enhances McGuireWoods' standing in the IT
sector. Mark L. Gordon will head its technology
practice. (Press release)
Premier Community Bankshares Inc., a Winchester-based
bank holding company, acquired Albemarle First Bank of
Charlottesville in a deal valued at $29 million. Albemarle,
with assets of $120 million, will continue to operate
under its own name after folding into Rockingham
Heritage Bank, a Premier subsidiary. (The Winchester
Star)
Stanley Inc., an Arlington
technology company focused on the government sector,
has entered into
an agreement to buy Morgan Research Corp. of Huntsville,
Ala. The deal is consistent with Stanley's focus on
providing software and systems engineering services
to the Army and a wide array of government clients. (PRNewswire)
