Mondelēz International has opened a new regional supply chain distribution center in Sandston, Virginia to expand its supply chain footprint in North America. The new distribution site is part of the American snacks company’s $122.5 million investment over the next three years to ramp up its Henrico County operations. The facility will help Mondelēz achieve […]
Virginia-based First Community Bankshares has agreed to acquire Surrey Bancorp, a bank holding company in North Carolina and its banking subsidiary, Surrey Bank & Trust in a deal worth around $113.2 million. First Community Bankshares is the bank holding company for First Community Bank, which has 48 branches in Virginia, North Carolina, West Virginia, and […]
PCF Insurance Services, an American insurance brokerage firm, has acquired Virginia-based specialty insurance and home warranty company Professional Warranty Service Corporation (PWSC). The financial terms of the deal were not disclosed. Headquartered in Chantilly, Professional Warranty Service Corporation is engaged in providing risk management solutions across the US. The company is specialized in property management […]
HawkEye 360 Inc., a commercial provider of space-based radio frequency (RF) data and analytics, has opened a new satellite manufacturing facility in Herndon, Virginia. According to HawkEye 360, the data processing, software development, and satellite manufacturing facility, which spans 19,000sft in Fairfax County will support the American government and allied government requirements. The satellite manufacturing […]
Granules India Limited said that the US Food and Drug Administration (FDA) has carried out an inspection of its pharmaceutical manufacturing facility in Chantilly, Virginia, and has made six observations. The Indian pharma manufacturing company operates the site through its fully-owned subsidiary — Granules Pharmaceuticals. The FDA inspection took place on 22 July, said Granules […]
The Hilb Group said that it has acquired an undisclosed employee benefits agency based in Virginia for an undisclosed price. The deal became effective on 1 April 2022, said the property and casualty and employee benefits insurance brokerage. According to Hilb Group, the acquisition has expanded its market footprint in the Mid-Atlantic region. A portfolio […]
Funds managed by Ares Management’s Alternative Credit strategy and Real Estate Group have purchased Capital Automotive from a private real estate fund of Brookfield for $3.8 billion. Capital Automotive, which is based in McLean, Virginia, is a real estate company that offers automotive dealers in the US and Canada customized, sale-leaseback capital to help them […]
Foodservice distributor US Foods Holding Corp. revealed plans to open a couple of new US Foods CHEF’STORE locations in Visalia, California, and Lynchburg, Virginia. CHEF’STORE is said to provide restaurant-quality products, including fresh meat, dairy and deli items, produce, frozen seafood, at wholesale prices for foodservice professionals, restaurant operators, and the public. The new US […]
Global Partners LP, an American energy supply company, has acquired Virginia-based convenience store chain Miller’s Neighborhood Market in a move to grow its retail presence in the mid-Atlantic region. The financial terms of the deal were not disclosed. Through the deal, Global Partners LP gains 23 convenience stores of which are 21 are company-operated and […]
Bowman Consulting Group, a Virginia-based engineering services firm, has agreed to acquire Arizona-based Perry Engineering for an undisclosed price. Established in 2012, Perry Engineering offers civil engineering consulting and land surveying services. Headquartered in Tucson, the company caters to residential, commercial, education, industrial, and healthcare-related projects. It has public as well as private sector clients […]