Virginia Businesses in the News


Mergers and Acquisitions

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For the Record is compiled from company releases, business journals and newspaper reports from around the state. If you have an item for these listings: • Mail it to: For the Record Virginia Business Magazine P.O. Box 85333 Richmond, VA 23293 • E-mail it to ForTheRecord@va-business.com • Fax it to (804) 649-6311

Highland Hospitality Corp., a McLean-based lodging real estate investment trust, acquired the Courtyard Denver Airport hotel for $17.3 million. The 202-room facility fits into the company’s strategy for upscale properties in urban and major airport markets. (8/26/04, PR Newswire)

First Community Bancshares Inc., a Bluefield bank holding company, sold its subsidiary United First Mortgage of Richmond to Access National Bank, a subsidiary of Access National Corp., a bank holding company headquartered in Reston, in a cash transaction. (8/19/04, Business Wire)

Anteon International Corp., a Fairfax information technology company, bought Integrated Management Services Inc. (IMSI) of Arlington in a $29 million cash transaction. IMSI develops information security solutions for government clients, in particular the departments of State, Defense, Justice and Homeland Security. (8/11/04, Press release)

comScore Networks, a Reston-based provider of business intelligence on consumer behavior, acquired Q2 Brand Intelligence of Seattle, Wash., a custom survey research firm and consultant to Fortune 1000 companies. The company will be integrated into comScore’s survey research operation and operate as a division known as comScoreQ2, (8/9/04, PR Newswire)

Hilb Rogal & Hobbs Company, a risk management firm headquartered in Richmond, acquired J.J. Adams Group, a Chicago-based insurance broker. The deal advances Hilb Rogal’s strategy of building its presence in the Midwest. (8/9/04, Business Wire)

MSSI-Telescience International Inc., an information technology company headquartered in Vienna, bought PracticeOne, a provider of software for the clinical and medical practice markets. Acquisition of the Calabasas, Calif., firm expands MSSI-Telescience’s presence in the medical services area. (8/5/04, PR Newswire)

Tredegar Film Products Corp., a subsidiary of Richmond’s Tredegar Corp. purchased the Shanghi Yaheng Perforated Film Material Co. of Shanghi, China. The deal expands Tredegar’s presence in the market for apertured nonwoven materials used in feminine hygiene products and other personal and household care productions. (7/28/04, PR Newswire)

Anteon International Corp., a Fairfax information technology company, bought Simulation Technologies Inc. of San Antonio, Texas, in a $15 million cash transaction. Simulation designs and produces training systems for military customers, in particular for war gaming and testing scenarios of chemical and biological effects, fields that compliment Anteon’s simulation business for the homeland security and national defense customers. (8/11/04, Press release)

Witt Mare Eggleston Smith, a Newport News accounting firm, merged with Pannell Forster Mid-Atlantic of Fairfax. The merger provides Witt Mare with an office in Fairfax, increases its work force to more than 200 — including 80 CPAs — and strengthens its service to the hotel industry and private clubs.  (8/3/04, The Virginian-Pilot)