Long & Foster Cos.,
a Fairfax-based real estate brokerage company, bought
Raleigh, N.C.-based
Fonville Morisey Realty,
which employs 600 sales agents in 12 offices. The acquisition
fits into Long & Foster’s continued expansion in
the mid-Atlantic region. (The Washington
Post)
Hilb Rogal & Hobbs Co. of Richmond, an insurance and risk management firm, agreed to buy Thilman & Filippini
LLC of Chicago, an insurance agency and brokerage
firm
that reported 2005 gross revenues of approximately
$24 million. The move is part of HRH’s efforts to expand
its Midwest presence. (Business
Wire)
Owens & Minor Inc., a Richmond
medical supplies provider, bought part of the acute-care
business of McKesson Corp. of San Francisco in a $170 million transaction. The deal will add at
least $800 million to Owens & Minor’s annual revenues.
McKesson has about 500 employees in the Richmond
area. The deal will affect some of those jobs. (Richmond
Times-Dispatch)
Actcom Inc.,
a Virginia Beach-based provider of security identification
systems to the federal government, was bought by Diebold
Inc., a provider of varied security services and products,
for $23 million. Actcom will
remain in Virginia Beach under the name Diebold-Actcom Security Solutions Inc.
The deal advances Diebold’s
efforts to grow within the government security sector. (The
Virginian-Pilot)
Roper Brothers Lumber Co. Inc., a Petersburg
provider of lumber and wood products for home builders,
agreed to buy Taylor Brothers Lumber Co. of Lynchburg. Taylor,
which has annual revenue of $33 million, will operate
as Taylor Brothers, a Roper Lumber Co. under
its present management team. (Richmond Times-Dispatch)
Genworth Financial Inc.,
a Richmond-based financial services firm, acquired
AssetMark Investment Services Inc. of Pleasant Hill, Calif. for $230 million at closing,
with added performance-based payments of $110 million
due over five years. AssetMark has
more than $8 billon in assets under management. (PRNewswire)
