Virginia Business News

RICHMOND, Va., and BALTIMORE, Md., Dec. 19, 2024 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. announces the successful sale of certain assets of Atlantic States Lubricants Corp. (“ASL”) to Moove, formerly known as PetroChoice. Atlantic States Lubricants, based in Farmingdale, New York, is an authorized distributor of Mobil-branded lubricants and related products.

RICHMOND, Va., and BALTIMORE, Md., Dec. 17, 2024 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. announces that it has advised Jolley Associates, LLC and S.B. Collins, Inc. (collectively, “SBC”) on the sale of its convenience retail, wholesale dealer, and residential heating oil (d/b/a as Clarence Brown) businesses to Stewart’s Shops Corp.

FAIRFAX STATION, Va., Oct. 23, 2024 (SEND2PRESS NEWSWIRE) — Bravo Communications Services, a joint venture between American Communications Solutions LLC (ACS) and By Light Professional IT Services LLC (By Light), proudly announces its selection as one of ten (10) awardees of the Department of Veterans Affairs (VA) Secure, Performant, Reliable, and User-Centered Experiences (SPRUCE) Indefinite Delivery Indefinite Quantity (IDIQ) contract. With a total ordering ceiling of $2.44 billion, this IDIQ will play a vital role in transforming VA’s digital services, ultimately enhancing experiences for millions of Veterans and VA employees.

RICHMOND, Va., and BALTIMORE, Md., Oct. 16, 2024 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc., a leading independent investment bank, is pleased to announce the sale of Dana Safety Supply, Inc. (DSS) to AEA Investors. Prior to the sale, DSS was a wholly-owned subsidiary of Scott McRae Automotive Group, LLLP (SMAG).

RICHMOND, Va., and BALTIMORE, Md., Sept. 19, 2024 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. announces the successful sale of the propane, commercial motor fuels, and lubricants business of WTG Fuels, LLC to ThompsonGas, LLC. WTG Fuels is a subsidiary of West Texas Gas, a leading provider of natural gas distribution services throughout Texas and Oklahoma.

RICHMOND, Va., and BALTIMORE, Md., Sept. 5, 2024 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc., a leading, independent investment bank, has advised Singer Energy Group, Inc. and its affiliates d/b/a Robison (“Robison” or the “Company”) on the sale of its integrated heating oil distribution and HVAC services business to an affiliate of Star Group, L.P. (NYSE: SGU). Headquartered in Port Chester, New York, Robison is a leading distributor of heating oil and provider of home comfort solutions in and around Westchester and Putnam Counties, New York.

CENTREVILLE, Va., Aug. 13, 2024 (SEND2PRESS NEWSWIRE) — Avenu Insights & Analytics (Avenu) announces the expansion of its GovInsights platform with the launch of three new innovative products: Avenu | Records, Avenu | STR, and Avenu | Jury. This expansion signifies a major advancement in Avenu’s transition to a comprehensive Software-as-a-Service (SaaS) model, aimed at better serving government agencies nationwide by enhancing efficiency, compliance, and community engagement.

RICHMOND, Va. and BALTIMORE, Md., July 15, 2024 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc., a leading, independent investment bank, has advised Pump N’ Pantry, Inc. and its affiliates (collectively, “Pump N’ Pantry” or the “Company”) on the sale of its convenience retail assets to United Refining Company. Headquartered in Montrose, Pennsylvania, Pump N’ Pantry is a leading, regional convenience retailer, operating 14 convenience stores throughout central Pennsylvania.

CENTREVILLE, Va., July 10, 2024 (SEND2PRESS NEWSWIRE) — Avenu Insights & Analytics, a leading provider of revenue recovery and software solutions for state and local governments, announces the launch of Avenu | Records, an innovative SaaS solution designed to revolutionize document imaging and indexing processes for municipalities. With Avenu | Records, Avenu continues to set the standard for delivering cutting-edge technology solutions that enhance efficiency and streamline operations for our clients.

RICHMOND, Va. and BALTIMORE, Md., June 13, 2024 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc., a leading, independent investment bank, has advised Land O’Sun Management Corporation d/b/a Fast Track on the sale of its petroleum marketing, convenience retail and quick-service restaurant businesses to Anabi Real Estate Development, LLC and its affiliates d/b/a Anabi/Rebel. Headquartered in Gainesville, Florida, Fast Track is a leading petroleum marketing, convenience retail and QSR company, operating 17 convenience stores, 10 co-located QSRs, and two stand-alone QSRs in Northern Florida. [UPDATED]

CENTREVILLE, Va., June 13, 2024 (SEND2PRESS NEWSWIRE) — Avenu Insights & Analytics, a leading provider of revenue recovery and software solutions for state and local governments, proudly announces the launch of Avenu | STR, an innovative SaaS solution designed to streamline short-term rental (STR) compliance and enhance local government revenue management.

CENTREVILLE, Va., May 30, 2024 (SEND2PRESS NEWSWIRE) — Avenu Insights & Analytics, a leader in software and technology solutions for public sector agencies, is pleased to announce the appointment of O.B. Rawls IV to its Board of Directors. This strategic addition enables the company to continue executing its strategy of providing advanced payment processing solutions while strengthening its leadership in the fintech and public sector landscapes.

RICHMOND, Va. and BALTIMORE, Md., May 15, 2024 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it served as lead advisor on G&M Oil Company’s (“G&M” or the “Company”) syndicated debt financing. Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank.

RICHMOND, Va. and BALTIMORE, Md., March 20, 2024 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Andretti Petroleum Group (“Company”) on the sale of its convenience retail, fuels distribution, cardlock, fleet card, commercial fueling, car wash, lubricants and transportation businesses to H&S Energy, LLC and its affiliates (“H&S”). Andretti Petroleum Group is one of the largest convenience retail and fuels distribution businesses on the West Coast and Pacific Northwest, operating in northern California, Oregon and Washington.

GREAT FALLS, Va., March 7, 2024 (SEND2PRESS NEWSWIRE) — William L. Kovacs, an award winning author, presents “Devolution of Power: Rolling Back the Federal State to Preserve the Republic” (ISBN: 978-1960499790), a roadmap to promote freedom in a polarized nation by unwinding a massive federal government that cannot manage the complexity it has created. Unlike many books on government reform, “Devolution of Power” is not just a list of complaints that leave the reader seeking solutions.

CENTREVILLE, Va., Feb. 12, 2024 (SEND2PRESS NEWSWIRE) — Avenu Insights & Analytics (“Avenu”), the global leader in revenue recovery and administrative solutions for state and local governments, is excited to announce its acquisition of Judicial Innovations, a pioneering provider of cloud-based payment and case management solutions. This acquisition marks Avenu’s second payment solution acquisition in 2024, underscoring its commitment to investing in government payment technologies and expanding its Justice Solution set including Avenu | Court, Avenu | Jury, and Avenu | Payments.

RICHMOND, Va. and BALTIMORE, Md., Feb. 8, 2024 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Hicks Oils & Hicksgas, Incorporated (“Hicks” or the “Company”) on the sale of its Hicks Oils lubricants business to Schaeffer Manufacturing Company (“Schaeffer”). Hicks Oils is a premier independent lubricant blending and packaging business in southern Illinois that produces automotive and industrial lubricants.

RICHMOND, Va. and BALTIMORE, Md., Jan. 26, 2024 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of Shape LLC (“Shape” or the “Company”) to an undisclosed buyer. Prior to the sale, Shape was owned by funds managed by Gen Cap America, Inc. (“Gen Cap”), a private investment firm headquartered in Nashville, Tennessee.

WARRENTON, Va., Jan. 25, 2024 (SEND2PRESS NEWSWIRE) — The average wedding costs about $35,000. And that’s just average. That’s why more and more couples are turning to smaller, more intimate gatherings like the “Sweet and Simple Weddings” of Ciao Bella Celebrations. Their stress-free, fun and elegant weddings consistently receive five-star reviews on sites such as Trip Advisor, Google and Wedding Wire. Why? Because the owners, Mona and Dan McLinden, are passionate about what they’ve created.

RICHMOND, Va. and BALTIMORE, Md., Jan. 11, 2024 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces the successful closing on the sale of Bobby Taylor Oil Company, Inc. and T&S Transport, Inc. (“BTOC” or the “Company”) to Parker Oil Company Incorporated. Based in Fayetteville, North Carolina, BTOC is a leading supplier of retail propane, commercial refined fuels, and racing gas to a diverse customer base of residential and commercial accounts throughout the state of North Carolina.

RICHMOND, Va. and BALTIMORE, Md., Dec. 18, 2023 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Santmyer Companies, Inc. (“Santmyer” or the “Company”) on the sale of its Red Rover convenience retail stores to Par Mar Oil Company and its branded dealer wholesale business to Countywide Petroleum Company (subsidiaries of Croton Holdings Co.). Santmyer is a leading privately-owned and family operated full-service distributor whose primary offerings include diesel, gasoline, propane, lubricants, diesel exhaust fluid and logistics services.

RICHMOND, Va. and BALTIMORE, Md., Nov. 10, 2023 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Coborn’s, Inc. (“Coborn’s” or the “Company”) on the sale of its 14 Holiday franchised fuel and convenience stores and one developmental site to Holiday Stationstores, LLC.

RICHMOND, Va. and BALTIMORE, Md., Nov. 2, 2023 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Wilmington, NC-based Springer Eubank Company, Inc. and its affiliates (“Springer Eubank” or the “Company”) on the sale of the Company’s assets including the travel center & convenience & gas division (“TC&G Division”) and its delivered fuels and fuel transport divisions to an affiliate of Petroleum Marketing Group, Inc.

FAIRFAX, Va., Nov. 1, 2023 (SEND2PRESS NEWSWIRE) — For over 30 years, across thousands of auctions, Tranzon Fox has been the key to unlocking the value of its clients’ real estate by providing expertise in property evaluation and competitive auction sales. The firm’s new name reflects our essential role in helping sellers achieve success. Still short and sweet, Tranzon Fox is now known as Tranzon Key, according to the firm.

CENTREVILLE, Va., Oct. 19, 2023 (SEND2PRESS NEWSWIRE) — Avenu Insights & Analytics and ClearGov have joined forces in a strategic partnership set to revolutionize local government operations and financial management. This collaboration will span across several crucial areas of cooperation. [UPDATED]

MCLEAN, Va., Oct. 17, 2023 (SEND2PRESS NEWSWIRE) — By Light Professional IT Services LLC (By Light), a renowned provider of IT services and simulation solutions, is excited to announce its continued collaboration with Warhorse Training Solutions to provide cutting-edge recruiting systems to the U.S. Army National Guard (ARNG). This newly awarded contract, valued at $4,040,361, is set to significantly expand the deployment of By Light’s recruiting experiences from 252 to an impressive 954 systems.

RICHMOND, Va., Aug. 24, 2023 (SEND2PRESS NEWSWIRE) — Town hall meetings focused on the future of Centerville in Goochland County reveal neighbors who are keenly aware of inevitable growth and development, with an expressed desire to “grow gracefully,” according to Tranzon Key. Local residents are already seeing residential developments springing up – Reader’s Branch and Mosaic are a couple of the newer ones.

RICHMOND, Va. and BALTIMORE, Md., Aug. 23, 2023 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised Mystic Oil Company, Inc. and its affiliates (“Mystic Oil” or the “Company”) on its sale to Petroleum Marketing Group, Inc. The Company sells fuels on a consignment and wholesale basis to approximately 150 Gulf, Citgo, ExxonMobil, Shell and unbranded customers in Connecticut, Massachusetts, Rhode Island, New York and Vermont.

FAIRFAX, Va., Aug. 18, 2023 (SEND2PRESS NEWSWIRE) — Aravenda, a Techstars and VIPC portfolio company, has proudly secured a spot as 1 of 11 companies in the prestigious Google for Startups Accelerator: Women Founders. This significant accomplishment spotlights Aravenda’s leadership in propelling innovation within the market of resale software, while simultaneously establishing a benchmark for sustainable practices in the resale market.

RICHMOND, Va. and BALTIMORE, Md., Aug. 17, 2023 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised H.A. Mapes, Inc. (“H.A. Mapes” or the “Company”) on its sale to Nouria Energy Retail, Inc., a subsidiary of Nouria Energy Corporation (“Nouria”).

KILMARNOCK, Va., Aug. 17, 2023 (SEND2PRESS NEWSWIRE) — In the riverine coastal community of Kilmarnock, Jackie Brown is a fixture, known as the head chef and shop proprietor of the Main Street establishment, “Carried Away Cuisine” kitchen and shoppe. What she’s known for are her glass cases filled with delectable delights, according to auction firm Tranzon Key, whom Ms. Brown has hired to sell the real estate, kitchen equipment, furniture, and equipment as a package.

ALEXANDRIA, Va., Aug. 17, 2023 (SEND2PRESS NEWSWIRE) — Inc. revealed today that Aligned Technology Solutions ranks No. 2999 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment-its independent, entrepreneurial businesses.

RICHMOND, Va., BALTIMORE, Md., and NEW YORK, N.Y., July 17, 2023 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised BeWell Network, LLC (“BeWell” or the “Company”) on its successful sale to H.E.R. Management, LLC. BeWell is a residential and outpatient behavioral health provider focused on the treatment of substance use disorder.

MCLEAN, Va., July 12, 2023 (SEND2PRESS NEWSWIRE) — By Light Professional IT Services LLC (By Light), a prominent provider of IT services and simulation solutions, is thrilled to announce its continued partnership with Warhorse Training Solutions to deliver advanced systems and upgrades to the Army National Guard. The contract, valued at $934,188, aims to enhance the existing vocational recruiting capabilities and introduce new third-generation Military Occupational Specialty (MOS) experiences.

RICHMOND, Va. and BALTIMORE, Md., June 29, 2023 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, is pleased to announce the sale of the Lawn & Garden Division (“Antilles L&G” or the “Company”) of Antilles Power Depot Inc. (“APD”) to Freije Supply Inc. (“Freije Supply”).

ALEXANDRIA, Va., June 26, 2023 (SEND2PRESS NEWSWIRE) — Aligned Technology Solutions has been named as one of the world’s premier managed service providers in the prestigious 2023 Channel Futures MSP 501 rankings. For the past 17 years, managed service providers around the globe have submitted applications for inclusion on this prestigious and definitive listing.

RICHMOND, Va. and BALTIMORE, Md., June 12, 2023 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. (“Matrix”), a leading independent investment bank, announces that it served as lead advisor on Apollo Veterinary Medical Hospitals and AVMH Ventures’ (“Apollo” or the “Company”) recapitalization and acquisition of a multi-state portfolio of Pet Supplies Plus (“PSP”) retail pet stores.

RICHMOND, Va. and BALTIMORE, Md., June 7, 2023 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, today announced the successful closing on the sale of the retail motor fuels, convenience retail, and fleet fueling businesses of WTG Fuels Holdings, LLC (“WTG Fuels” or the “Company”) to subsidiaries of GPM Investments, LLC, a subsidiary of ARKO Corp. (Nasdaq: ARKO) (“GPM”).

RICHMOND, Va. and BALTIMORE, Md., June 2, 2023 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. (“Matrix”), a leading, independent investment bank, announces that it has advised TBC Corporation (“TBC” or the “Company”) on the sale of TBC’s company operated retail businesses to Mavis Tire Express Services Corp. (“Mavis”). The sale includes TBC’s retail network of 595 tire and automotive service centers that utilize the NTB Tire & Service Centers (“NTB”) and Tire Kingdom Service Centers (“Tire Kingdom”) brands.

CHESAPEAKE, Va., May 19, 2023 (SEND2PRESS NEWSWIRE) — A new universal vaccine method developed by Eric Kikkert is outlined in an article he wrote called: “The Slammer Method: How to create effective vaccines.” It recently appeared in the “Journal of Infectious Diseases and Therapy” and is proposed to work in not just humans, but animals too. The material was presented at the 2023 12th International Conference for Tropical Medicine and Infectious Disease in London, received an award and established as a universal method to create effective vaccines.