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Parsons Corp. completes acqusition of Colo.-based aerospace firm for $300M
Centreville defense contractor buys Braxton Science & Technology Group LLC
Centreville-based defense contractor Parsons Corp. announced late last week that it has completed its acquisition of Colorado Springs, Colorado-based Braxton Science & Technology Group LLC (BSTG) and its subsidiaries for $300 million. The acquisition was first announced in late October — marking Parsons’ fourth acquisition since October 2018. BSTG provides services for satellite operations, ground system
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Md.-based contractor closes on DynCorp International acquisition
Amentum buys McLean-based company
Published
Germantown, Maryland-based government contractor Amentum announced Monday it has acquired McLean-based DynCorp International. Financial terms of the deal, originally announced on Sept. 24, were not disclosed. The acquisition will create a company with more than 34,000 employees and allow the company to expand to new markets, according to Amentum’s statement. “The addition of DynCorp International
Arlington-based Armed Forces Services Corp. rebrands to Magellan Federal
Military-focused health care company has more than 3,000 employees
Published
Arlington-based Armed Forces Services Corp. has rebranded to Magellan Federal. A subsidiary of Phoenix-based managed health care company Magellan Health Inc., Magellan Federal is a military-focused provider of health care, human services and pharmacy solutions. Magellan Healthcare, the health care business unit of Magellan Health Inc., acquired AFSC as a wholly-owned subsidiary in 2016. Since
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N.Y.-based contractor buys Ashburn tech company
GCOM acquires 20/20 Teknology
Published
Albany, New York-based tech government contractor GCOM announced Monday it has acquired Ashburn-based managed services provider 20/20 Teknology. Financial terms of the deal were not disclosed. 20/20 Teknology specializes in virtual communications, IT infrastructure and managed services, while GCOM provides digital engagement systems and government IT programs. The acquisition will expand GCOM’s offerings for its
Spotify acquires Graham Holdings Co. business, Megaphone, for $235M
Megaphone provides hosting, ad-insertion for publishers, brand partners
Published
Music streaming giant Spotify Technology SA will acquire Arlington-based media and education conglomerate Graham Holdings Co.’s podcast technology company Megaphone for $235 million, the company announced Tuesday. Megaphone provides hosting and ad-insertion capabilities for publishers and targeted ad sales for brand partners, according to Graham Holdings Co., the family company of the late Katharine Graham,
CarLotz names chief commercial officer, general counsel
Becca Polak joins Chesterfield County-based consignment dealer of used cars
Published
Chesterfield County-based CarLotz Inc., a consignment dealer of used cars, announced Tuesday it has hired Becca Polak as the company’s inaugural chief commercial officer and general counsel, effective Oct. 30. Polak joins CarLotz — which in late October announced plans to go public and expand nationwide — from Carmel, Indiana-based KAR Global, a company that
Ill.-based company to acquire Madison County-based life sciences consulting firm
The Planet Group to buy NDA Partners
Published
Western Springs, Illinois-based consulting company The Planet Group, a MidOcean Partners portfolio company, announced Thursday it has entered into an agreement to acquire Rochelle-based life sciences management consulting firm NDA Partners. Financial terms of the acquisition were not disclosed. This marks The Planet Group’s fourth acquisition. Founded in 2003, NDA Partners provides consulting services for
Tysons contractor names resource conservation VP, CX director
Denise Manning, Amanda Chavez join NuAxis Innovations
Published
Tysons-based government contractor NuAxis Innovations announced Wednesday it has hired Denise Manning as vice president of resource conservation. With more than 30 years of experience, Manning previously served as president of management consulting firm G&B Solutions, a wholly owned subsidiary of Alexandria-based VSE Corp. In 2013, she launched Manning Outcomes, another management consulting firm. In
Dominion proposes nine new solar projects
Facilities would power up to 125K homes at peak output
Published
Richmond-based Dominion Energy Inc. proposed a new slate of projects on Monday that would bring nearly 500 megawatts of solar energy to Virginia customers, enough to power around 125,000 homes at peak output. The proposal, which the utility called “its largest slate yet of new solar projects” in a statement, was submitted for approval by
McLean staffing firm opens first Canadian office
DISYS expands to Ontario
Published
McLean-based staffing company Digital Intelligence Systems LLC (DISYS) announced Tuesday it has opened its first Canadian office in Ontario. DISYS has been doing business in Canada since 2014, but this will be the company’s first physical office in the Great White North. “Having a physical location in a prestigious area of downtown Toronto will give