Siemens Gamesa to build first U.S. offshore wind blade factory in Portsmouth
Spanish company to invest $200M, create 310 jobs
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Siemens Gamesa Renewable Energy S.A., a Spanish wind turbine company, will invest $200 million to build the first U.S. offshore wind turbine blade manufacturing facility in Portsmouth, creating 310 jobs, Virginia Gov. Ralph Northam announced Monday from the Port of Virginia’s Portsmouth Marine Terminal. Siemens Gamesa is a partner in Dominion Energy’s 2.6-gigawatt, $7.8 billion
Amentum to acquire PAE for $1.9B
All-cash deal for Falls Church contractor expected to close in Q1 2022
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Falls Church-based government contractor PAE Inc. (Pacific Architects and Engineers) has agreed to be acquired by an affiliate of Germantown, Maryland, aerospace defense contractor Amentum in a $1.9 billion all-cash deal. The transaction is expected to close by the end of the first quarter of 2022, at which time PAE will become a wholly owned
Ellucian acquisition deal closes
Reston higher ed tech company bought by private equity firms
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The acquisition of Reston-based higher education software company Ellucian by investment firms Blackstone and Vista Equity Partners has been completed, the companies announced Wednesday. Financial terms of the deal were not disclosed. New York-based Blackstone and Texas-based Vista Equity acquired Ellucian from Texas-based TPG Capital and Los Angeles-based Leonard Green & Partners. “Today marks an
Midlothian Crossing Shopping Center sells for $6.6M
Strip mall anchors include Goodwill, Big Lots
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Midlothian Crossing Shopping Center in Chesterfield County sold for $6.64 million on Sept. 9, Cushman & Wakefield | Thalhimer announced Friday. The 87,938-square-foot strip mall is located at 8501 Midlothian Turnpike at the intersection of Midlothian Turnpike and Powhite Parkway. The property is 95.6% leased and is anchored by Big Lots and Goodwill retail locations. Catharine
Aiming for the max score
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As we assembled this second annual edition of the Virginia 500, I found myself visualizing a dartboard — with 500 darts. In choosing the top 500 Virginia executives and power players in business, higher education and government/politics, several are guaranteed to strike the inner bull’s-eye. I’m certain we can all agree that the leaders of
Virginia’s Fortune 500 companies
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Once again, Virginia is well represented on the Fortune 500, with 22 companies from the commonwealth making this year’s list, which ranks the 500 largest publicly traded companies in the United States by total revenue. Mortgage finance company Federal Home Loan Mortgage Corp. (“Freddie Mac”) continues to top Virginia’s list of Fortune 500 companies. With
Liberty appoints dean for College of Osteopathic Medicine
Dr. Joseph R. Johnson had been interim dean since December 2020
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Dr. Joseph R. Johnson was appointed dean of Liberty University’s College of Osteopathic Medicine, effective July 1. Johnson had been serving as interim dean since December 2020. “Prior to Dr. Johnson’s arrival, Liberty’s leadership set a goal to take LUCOM as a well-established osteopathic medical college, both in mission and outreach efforts, to the next
Va. Hospital Center receives $5M gift from Arlington CEO
Lola C. Reinsch leads property management firm E. G. Reinsch Co.
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Virginia Hospital Center in Arlington has received a $5 million donation from longtime donor Lola C. Reinsch to promote the hospital’s campus expansion efforts. “We are honored to receive this gift and would like to thank Lola and the Reinsch Pierce family for their enduring commitment to Virginia Hospital Center,” Virginia Hospital Center Foundation President Tony
Scottish company to locate data center HQ in Loudoun
Aggreko plc provides temporary power generation equipment
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Scottish energy solutions company Aggreko plc will establish its data center division’s North American headquarters in Leesburg, according to an announcement Friday from Loudoun County’s economic development department. Headquartered in Glasgow, Scotland, Aggreko provides temporary power generation equipment and temperature control equipment. “We are pleased to welcome Aggreko to the growing ecosystem of energy and
Altria to sell winemaking division for $1.2B
Washington-based Ste. Michelle Wine Estates brands include Chateau Ste. Michelle, 14 Hands, Columbia Crest
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Henrico County based Altria Group Inc. announced Friday that it has entered into a definitive agreement to sell its Ste. Michelle Wine Estates winemaking division for $1.2 billion to New York-based private equity firm Sycamore Partners Management LP in an all-cash deal. The deal is expected to close by the end of this year. The