DATA section of community business news
Acquisition
TowneBank announced that The Clement Cos. Inc. insurance agency, headquartered in Greenville, N.C., will affiliate with Towne Insurance Agency, a wholly owned subsidiary of TowneBank.
Clement Cos. provides an array of insurance products and services including commercial property and casualty, personal lines, contract and surety bonding, group and individual health and employee benefits, and various life products. This continues Towne Insurance's expansion into North Carolina, according to a press release from TowneBank.
Partnership
Merger
The Newport News accounting firm of Witt Mares has completed its merger with PBGH of Harrisonburg.
The new firm will be known as PBMares LLP.
In addition to Harrisonburg, PBGH has offices in Fredericksburg, Warrenton and Fairfax. Witt Mares has offices in Norfolk, Newport News, Williamsburg and Fairfax. The new company recently signed a lease on a new building to combine the two Fairfax offices. All other offices will remain open.
The combined company now has about 200 employees.
Contracts
The U.S. Navy awarded Huntington Ingalls Industries, based in Newport News, a $2.38 billion fixed-price-incentive contract for the detail design and construction of the multipurpose amphibious assault ship Tripoli (LHA 7). The ship will be built at the company's Ingalls Shipbuilding division in Pascagoula, Miss.
Mergers & acquisitions
Knowledge Information Solutions, an IT product and solutions network integrator headquartered in Virginia Beach, announced that it has acquired DingleVoice, a Virginia Beach cloud phone service provider in parts of Virginia, Maryland, Washington, D.C., and North Carolina.
The transaction, completed in February, is being added to the NuvolaLink suite of cloud solutions that includes server, desktop, messaging and storage hosting.
Partnership
Huntington Ingalls Industries announced that its subsidiary AMSEC has signed an agreement with Hanjin Heavy Industries and Construction Philippines Inc., a subsidiary of HHIC Holdings Co. Ltd., to work together in providing maintenance, repair and logistics services to the U.S. Navy and other customers in the western Pacific region.
Contracts
MEB General Contractors Inc. of Chesapeake has been selected as the design/build contractor for a new Smithfield hot dog and baloney processing facility in Kinston, N.C., replacing the plant that's closing in Portsmouth.
The 190,000-square-foot facility is being designed by Clark Nexsen and is scheduled to be completed in early 2013.
The plant will include raw material handling, process chilling, coolers, processing equipment lines, smokehouses, as well as packaging and automated palletizing.
Mergers & acquisitions
StreamCo LLC, a real estate management services company based in Richmond with regional offices in Hampton Roads and the Raleigh-Durham area, has acquired Afton Hospitality, a mid-Atlantic-based hospitality management and consulting firm.
With the acquisition, StreamCo's portfolio of commercial real estate under management expands to 6.5 million square feet in 22 states. The addition of Afton will expand its expertise in hospitality management, consulting and development.
Contracts
Goldman & Associates Public Relations recently handled media relations in 12 markets throughout the U.S. as well as trade media outreach for the launch of the first annual Caring Stars program by Caring.com, based in San Mateo, Calif.
The initiative recognized 119 assisted living communities in 24 states for service excellence based on consumer ratings and reviews. The designated communities captured the highest possible rating of five stars on Caring.com.
New businesses, projects & services
Contracts
Huntington Ingalls Industries received a $504 million cost-plus-incentive-fee contract extension to continue engineering work associated with the construction of the nuclear-powered aircraft carrier Gerald R. Ford (CVN 78). The company's Newport News Shipbuilding division is the prime contractor.
Work performed under the contract includes the continuation of design-related activities and integration and system analysis for non-propulsion plant work.
Contracts
IntellecTechs Inc., headquartered in Virginia Beach, was recently awarded a SeaPort Enhanced (SeaPort-e) prime contract. This Multiple Award Contract is used by the U.S. Navy to address ongoing engineering, technology and program management requirements across 21 functional areas.
Service areas for the contract include software development, systems integration, enterprise architecture and program management services.
