Industries

For the Record - Northern Virginia, February 2013

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IT contractor CSC Corp. has reached a definitive agreement to sell its credit services to Equifax for $1 billion. The Falls Church-based company said the sale was part of its plan to rebalance its portfolio and focus on next-generation technology solutions and services. The after-tax proceeds of the sale will be $750 million to $800 million. CSC plans to use $300 million to $400 million to repurchase shares, contribute $300 million to $400 million to its pension plans and apply the remainder to general corporate needs. (VirginiaBusiness.com)

Fairfax County officials are pushing hard for the FBI to relocate its Washington, D.C., headquarters to a site in Springfield near the Springfield-Franconia Metro station that currently houses large, federally owned storage warehouses. The county has long hoped to redevelop the area.  Since the bureau announced its desire to abandon the crumbling J. Edgar Hoover Building, jurisdictions across the Washington region have made it known that they want the thousands of jobs the FBI would bring.. (The Washington Post)

GI Partners, a private equity investment manager, has acquired Liberty Park at Tysons, a 225,038-square-foot data center and office property in Vienna. The firm was acquired through a $500 million discretionary core real estate fund created earlier this year. The fund is managed by GI Partners on behalf of the California Public Employees’ Retirement System (“CalPERS”). The center is occupied by the General Services Administration on a long-term lease. (VirginiaBusiness.com)

The Inova Governance Board has approved a $22.9 million addition to the Emergency Department at Inova Mount Vernon Hospital in Falls Church. The new facility will be about 21,000 square feet with 30 treatment bays, five fast-track bays and CT and digital X-ray systems. The addition would create a new entrance to the hospital’s emergency department that would separate emergency patient flow from other patient and visitor traffic. Construction is scheduled to begin in 2014. (VirginiaBusiness.com)

Intelsat — the world’s leading provider of satellite services — plans to move its U.S. headquarters from Washington, D.C., to a new office tower at Tysons Corner Center in Fairfax County. The relocation, in mid-2014, will move 430 employees to Virginia. Intelsat’s decision marks the first major announcement of a company locating in a building near one of the four Metro stations that will open in Tysons on Metro’s Silver Line.  (VirginiaBusiness.com)

ITT Exelis, based in McLean, plans to buy an Australian communications software company for $16.8 million. ITT Exelis has signed a definitive agreement to acquire Melbourne-based C4i Pty. Ltd. from the Longreach Group Ltd. If the deal is approved by Longreach shareholders, the transaction is expected to close in the first quarter of 2013. C4i provides advanced communications software used by air-traffic management systems and mobile communications solutions for commercial, homeland security and defense systems. (VirginiaBusiness.com)

Fairfax-based SRA International plans to acquire the National Security Solutions business of McLean-based MorganFranklin, a privately held consulting and technology solutions firm. SRA, a technology and strategic consulting services company that serves government agencies, said it has signed a definitive agreement to buy the business, adding it would complement SRA’s existing portfolio of services. Details of the transaction were not disclosed. (VirginiaBusiness.com)

Reston-based TNS, Inc., a major provider of data communications and interoperability solutions, has agreed to be bought by an investor group led by Siris Capital Group in a deal worth about $862 million. New York-based Siris, a private equity group, will acquire all outstanding common TNS shares for $21 each in cash. Founded in 1990, TNS provides services in more than 60 countries across the Americas, Europe and the Asia Pacific region. (VirginiaBusiness.com)

Fairfax County-based architectural firm BeeryRio is merging with Richmond-based Moseley Architects. The name of the combined firm will be Moseley Architects.  The existing governance structure of Moseley Architects will remain in place, and BeeryRio officers will become shareholders. Moseley Architects is one of the largest architectural and engineering firms on the East Coast. BeeryRio is a national leader in the design of senior housing, including assisted living, independent living and adult day care. (VirginiaBusiness.com)

 

 

 


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