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Two Hampton Roads marketing agencies to merge
WB Marketing parent Five Hill Capital acquires Meridian Group
Published
Norfolk-based WB Marketing’s parent company has acquired majority interest in Virginia Beach-based marketing and communications firm Meridian Group and will merge the two into one agency, Meridian Group announced Tuesday.
DXC penalized by SEC over misleading financial info
Fortune 500 IT company ordered to pay $8M fine
Published
Ashburn-based Fortune 500 IT company DXC Technology Co. has been penalized by the federal government for making “misleading” financial reports from 2018 to early 2020, according to the U.S. Securities
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Parsons to acquire N.J. software company
Fairfax defense contractor to close $43M deal in second quarter
Published
Centreville-based Fortune 1000 defense contractor Parsons Corp. has entered into an agreement to acquire IPKeys Power Partners Inc., a New Jersey provider of enterprise software platform solutions, the company announced
Metallica acquires Alexandria records maker
Heavy metal band acquires majority interest in Furnace Record Pressing
Published
Master of puppets — and now master of vinyl record production, legendary heavy metal band Metallica has acquired a majority interest in Alexandria-based vinyl records maker Furnace Record Pressing. Financial
Cvent to be acquired in $4.6B deal
Tysons-based meeting and events tech company will go private again
Published
Tysons-based meetings and events software company Cvent Holding Corp. has agreed to be acquired by New York-based private equity firm Blackstone in a deal valued at about $4.6 billion, the
Va. bankers say they’re not worried by SVB collapse
Some banks saw stock prices fall in response to crisis, though
Published
Last weekend was pretty tense for bankers, even for those leading institutions quite distant and different from Silicon Valley Bank, which Friday became the second largest bank to fail in
Ship repair contractor expanding Norfolk presence
AIT to spend $500,000, add 76 jobs
Published
Advanced Integrated Technologies (AIT), a ship repair contractor for the Navy, Coast Guard, Military Sealift Command and U.S. marine, industrial and commercial industries, will invest $500,000 to expand its Norfolk
Lingerfelt buys Chesterfield land to build luxury apartments
The 390-unit community will break ground this year
Published
Glen Allen-based Lingerfelt Development LLC, a real estate investment management firm, has purchased about 4.5 acres of land in Chesterfield County from Hospitality VII Inc. with plans to build a
UMW alumna gives $30M to support research, scholarships
Gift is largest in UMW's history
Published
A 1959 graduate of the University of Mary Washington has bequeathed $30 million to her alma mater — the largest donation in the Fredericksburg university’s 115-year history — to support
Apparel wholesaler plans $50M Hanover facility, 1K jobs
SanMar Inc. to locate distribution flagship in Va.
Published
SanMar Corp., the United States’ largest supplier of wholesale printable accessories and apparel, will invest at least $50 million to establish distribution operations in Hanover County and create an expected
