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Carsales.com to fully acquire Trader Interactive
Aussie vehicle sales platform already owned 49% of Norfolk online marketplace
Australian online auto sales forum Carsales.com Ltd. plans to acquire the remaining 51% of Norfolk-based Trader Interactive from Eurozeo and Goldman Sachs Asset Management for $839.14 million, the companies announced this week. Carsales.com bought 49% of Trader Interactive in August 2021 for $624 million and will now own the company in its entirety, funding the
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Bowman Consulting Group acquires Pa. firm for $18M
Acquisition is Bowman's second in 2022
Published
Reston-based Bowman Consulting Group Ltd. has closed its $18.5 million acquisition of Pennsylvania-based transportation engineering and planning firm McMahon Associates Inc., the company announced May 5. The sale was financed through a combination of cash, seller notes and common stock, Bowman spokesperson Carolyn Artman said. McMahon focuses on transportation projects and has more than 200
Woods Rogers, Vandeventer Black law firms to merge July 1
Combined firm will be state's fifth-largest
Published
Woods Rogers PLC and Vandeventer Black LLP announced Wednesday that the two law firms have agreed to merge as Woods Rogers Vandeventer Black, creating the state’s fifth-largest firm, with more than 130 attorneys and a total workforce of 250 people. The merger will go into effect July 1. Daniel Summerlin, president of Roanoke-based Woods Rogers,
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Ellucian closes acquisition of CampusLogic
Reston higher ed software company adds financial platform
Published
Reston-based higher education software company Ellucian Inc. has completed its acquisition of Chandler, Arizona-based financial aid software provider CampusLogic Inc, Ellucian announced Tuesday. The deal was first announced in January. Financial details were not disclosed. Campus Logic is a software-as-a-service (SaaS) company that provides financial aid tools and platforms for colleges and universities. It supports
Booz Allen to acquire Reston-based cyber firm
Acquisition of EverWatch will speed work for national security clients
Published
McLean-based global management consultant Booz Allen Hamilton Inc. announced Wednesday that it plans to acquire EverWatch, a Reston-based government solutions contractor. Terms of the deal were not disclosed. The deal will allow Booz Allen to speed delivery of classified software development and analytics capabilities for national security clients and complements its artificial intelligence and cyber portfolio,
Stronger together
Community banks gain scale from mergers
Published
Bank acquisitions and mergers, particularly among Virginia’s community banks, continued apace in 2021. Banks sought scale for efficiency and flexibility, as well as to acquire resources in anticipation of potential new government regulation. “The recurring theme in bank mergers is scale,” Bruce Whitehurst, president and CEO of the Virginia Bankers Association, told Virginia Business in
Amentum seals deal on $1.9B PAE acquisition
All-cash transaction for Falls Church contractor closed Feb. 15
Published
The $1.9 billion, all-cash acquisition of Falls Church-based government contractor PAE Inc. (Pacific Architects and Engineers) by an affiliate of Germantown, Maryland-based aerospace defense contractor Amentum Services Inc. has closed, the two companies have announced. The deal, which closed Feb. 15, was first announced in October 2021 and PAE’s stockholders voted to approve the deal
CTSI acquires N.C. tech firm
Acquisition is company's eighth since June 2020
Published
Chantilly-based technology firm Corbett Technology Solutions Inc. (CTSI) has acquired Knightdale, North Carolina-based Systems Electronics Inc., the company announced Jan. 20. Financial terms of the transaction were not disclosed. CTSI is a portfolio company of Chicago-based private equity firm Wind Point Partners and this makes CTSI’s eighth transaction since it was acquired by Wind Point
Blue Ridge Bank, FVCbank merger called off
Merger was delayed in November 2021
Published
The merger of the parent companies of Charlottesville-based Blue Ridge Bank and Fairfax-based FVCbank has been called off, the companies announced late Thursday. Blue Ridge Bankshares Inc. and FVC Bankcorp Inc. mutually agreed to terminate the agreement, which was first announced in July 2021. The companies delayed the merger, which would have created a $5
Richmond’s Risk Based Security acquired by Flashpoint
RBS clients include Microsoft, Northrop Grumman and Amtrak
Published
Richmond-based Risk Based Security has been acquired by Flashpoint, a New York-based cybersecurity developer specializing in threat intelligence and risk prevention. RBS, founded in 2011, specializes in vulnerability intelligence, breach data and vendor risk ratings. Financial details of the transaction were not disclosed. “I am incredibly excited to welcome the RBS team to Flashpoint,” Flashpoint