Mergers & Acquisitions
AES Corp., an Arlington-based power company, has an agreement to purchase the energy assets of Thermo Ecotek Corp., a subsidiary of Thermo Electron Corp. based in Waltham, Mass., for $195 million in cash and $15 million in additional closing adjustments. (Press Release, 2/13/01)

The Daily Press, a newspaper based in Williamsburg, plans to acquire The Virginia Gazette and six other area weekly newspapers. The papers that the Daily Press are acquiring comprise the Virginia Division of Elkton, Md.-based Chesapeake Publishing Corp. (Press release, 2/13/01)

Equient, a Fairfax-based systems integrator and e-business consultant company, has acquired the Strategic Services Group of Naviant Marketing Solutions Inc., a Newtown Square, Penn.-based provider of integrated precision marketing services. (Press release, 2/1/01)

F&M National Corp., a Winchester-based bank, has completed its acquisition of Community Bankshares of Maryland Inc. based in Bowie, Md. The merger provides for an exchange rate of .75 shares of F&M common stock for every outstanding share of Community Bankshares. (Press release, 2/26/01)

Goodman & Company, a Norfolk-based accounting, management consulting and technology services firm, has acquired the following firms: Danville-based Manning, Perkinson, Floyd & Co., Vienna-based Collins, Forbes and Co. and Rockville, Md.-based Hollrah, Bernstein & Funkhouser. (Press release, 1/29/01)

Healthsouth Medical Center in Richmond will be acquired by HCA-The Healthcare Co., a Nashville, Tenn.-based health services company. (Press release, 2/6/01)

Hilb, Rogal and Hamilton, a Richmond-based insurance company, has acquired nearly all of the operations of Dulane, Johnston & Priest, an insurance agency headquartered in Wichita, Kan. (Press release, 2/2/01) In another deal, the company acquired Palley Simon Associates Inc, an insurance agency headquartered in Jerkintown, Penn. (Press release, 2/9/01) The company also acquired all of the outstanding stock of The Dulap Corp., an Auburn, Maine-based insurance agency with four locations in Maine and New Hampshire. (Press release, 2/5/01)

Lafarge Corp., a Herndon-based construction materials supplier, has acquired Buffalo, N.Y.-based Pine Hill Materials Corp. and American Ready-Mix Concrete Corporation. (PR Newswire, 2/15/01)

Matrix Capital Markets Group, a Richmond-based mergers and acquisitions advisory services company, has been acquired by the Mony Group Inc., a New York-based financial services company. (Press Release, 2/7/01)

TechnoBrands, a Colonial Heights-based marketer of consumer products, has acquired Owings Mills, Md.-based International Collector’s Society, a retailer of collectible stamps, coins and memorabilia. (Press release, 2/5/01)

WhaleMail Inc., a Reston-based online file delivery and storage company, has acquired SwapDrive, a Washington, D.C.-based online storage and file management software and services company. (PR Newswire, 2/20/00)

Vimco Inc., a Coopersburg, Penn.-based window treatment supplier, plans to invest $6 million in the construction of a new manufacturing facility in the Northlake Industrial Park in Hanover County. (Press release, 2/14/01)

Conerva Corp., a Vienna-based content management developer, has an agreement with the National Basketball Association to provide the software and services for NBA fans who want to create their own online video highlight packages of NBA All-Star games. (Business Wire, 2/7/01)

Metrocall Inc., an Alexandria-based wireless data and messaging provider has a partnership with Washington, D.C.-based InPhonic Inc., a developer of products and services for virtual private wireless networks, to provide more wireless access through the InPhonic catalogue of products and services. (PR Newswire, 1/25/01)

Nextel Communications, a Reston-based integrated wireless communications services company, has an alliance with SportsLine.com, an Internet sports news and information site based in Fort Lauderdale, Fla. The agreement makes SportsLine.com available to Nextel customers for up-to-date sports news coverage. (PR Newswire, 2/20/01)

PEC Solutions, a Fairfax-based professional services firm, has an alliance with Ottawa, Canada-based FreeBalance Inc., a provider of service delivery systems for government online initiatives, to provide web-enabled products and services that will automate grants management programs for the U.S. federal government. (PR Newswire, 1/29/01)

Expansions
LeClair Ryan, a Richmond-based law firm, recently opened an office in Blacksburg at Virginia Tech’s Corporate Research Center. (Press release, 2/20/01)

Overnite Transportation, a Richmond-based trucking company, has opened an office in Bakersfield Calif. as part of its effort to increase its presence in California and the west. (PR Newswire, 2/20/01)

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Rex Carter, COO, netASPx, a Herndon-based e-Business company. (Press release, 2/5/01)

Raymond T. Crosier, president and COO, Online Resources Corp., a McLean-based Internet application service provider for financial institutions. (Business Wire, 2/1/01)

Michael A. Neuman, president, Teleglobe, a Reston-based provider of global communications and e-business services. (PR Newswire, 2/20/01)

Ken Possenriede, CFO, Exostar, a Reston-based e-marketplace for the aerospace and defense industry. (Business Wire, 2/6/01)

J.B. Rauch, president, 3-G International, a provider of authentication software and services based in Springfield. (Business Wire, 2/12/01)

Phillipe Rollier, president and CEO, Lafarge Corp., a construction supplier. (Press Release, 2/10/01)

Mark E. Scott, CFO, Network Access Solutions, a broadband technology provider based in Herndon. (PR Newswire, 2/15/01)

Thomas W. Toomey, president and CEO, United Dominion Realty Trust Inc., a Richmond-based company. (Business Wire, 2/13/01)

Samuel D. Wyman, president and COO, NetCom Solutions International Inc., a Chantilly-based provider of network services. (Business Wire, 2/12/01)

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Atlantic Coast Airlines, based in Dulles, declared a 2-for-1 stock split, as authorized by the Board of Directors. (PR Newswire, 1/25/01)

Eastern Virginia Bankshares, based in Tappahannock, plans to resume the repurchase of company stock. The board of directors has authorized the repurchase of up to 300,000 shares of 4.9 million shares outstanding. (Press release, 1/31/01)

FBR Asset Investment Corp., based in Arlington, has authorization from the board of directors to repurchase up to 500,000 shares of the company’s common stock. (PR Newswire, 2/16/01)

First Bancshares Inc., based in Bluefield, plans to continue the repurchase of 436,000 shares of its stock under a stock repurchase program, recently approved by the board of directors. (Business Wire, 1/29/01)

Markel Corp., a Richmond-based insurance holding company, plans to offer 1.2 million shares of its common stock to repay and retire outstanding debt. (PR Newswire, 1/29/01)

Williams Industries Inc., a Falls Church-based construction services company, plans to repurchase up to 175,000 shares of its common stock, as approved by the board of directors. (PR Newswire, 1/29/01)

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Chianelli Building Corp., Norfolk: two contracts totaling $5.3 million from the Marine Corps in Jacksonville, N.C. for construction of an air traffic control tower at Air Station New River and a communications, battalion operations, maintenance and storage facility at Camp Lejeune. (Press release, 2/8/01)

Infracor Inc., Richmond: $3.3 million from the Virginia Department of Transportation for the installation of water lines, sanitary sewer and storm sewer lines along the Atlee and Elmont interchange of Interstate 95. (Business Wire, 2/1/01)

Cutbacks & Closings
No reports.

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