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Dominion Energy to sell W.Va. utility for $690M
Ullico Inc. to integrate natural gas utility into infrastructure business
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Dominion Energy Inc. announced Friday it had signed a definitive agreement to sell its West Virginia natural gas utility to Washington, D.C.-based financial services company Ullico Inc.’s infrastructure business for
Recent commercial real estate sales in Virginia
Sales through Jan. 10
Published
Central Virginia An 8,540-square-foot mixed-use building in Lynchburg sold for $1.3 million. Built in 2018, the property, located at 1285 Enterprise Drive, includes three two-bedroom, two-bathroom apartments and two first-floor
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Amentum to acquire PAE for $1.9B
All-cash deal for Falls Church contractor expected to close in Q1 2022
Published
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
Dominion Energy to sell Questar Pipeline to Southwest Gas for $1.9B
Deal to sell Questar subsidiary to Berkshire Hathaway fell through in July
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Richmond-based Dominion Energy Inc. has reached an agreement to sell its Questar Pipeline subsidiary to Las Vegas-based Southwest Gas Holdings Inc. for $1.975 billion, the Fortune 500 utility announced Tuesday.
Primis Bank selling minority interest back to Southern Trust Mortgage
The transaction is expected to close in the fourth quarter
Published
Glen Allen-based Primis Bank, a wholly-owned subsidiary of McLean-based Primis Financial Corp., entered into an agreement to sell its minority interest back to Virginia Beach-based Southern Trust Mortgage LLC (STM),
Ellucian acquisition deal closes
Reston higher ed tech company bought by private equity firms
Published
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
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
Branch Group HQ in Roanoke sells for $2.9M
Construction company will remain in building as tenant
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The Branch Group Inc. has sold its Roanoke headquarters building for $2.9 million, Poe & Cronk Real Estate Group announced this week. The 39,016-square-foot building at 442 Rutherford Ave. will
Tysons-based Neosystems to be acquired by High Street Capital
Current management will remain in place
Published
Tysons-based Neosystems is being acquired by High Street Capital, a Chicago-based private equity firm, the company announced Wednesday. Neosystems is an IT systems integrator and managed services provider to government
Spok reviewing options for potential sale of company
Arlington-based health care tech company has received public and private interest in acquiring it
Published
Arlington-based health care communications tech company Spok Holdings Inc. announced Friday that it is conducting a strategic review of its options, which may include selling the publicly traded company. California-based