Financial terms of the transaction were not disclosed. Wes Foster, Long & Fos- ter’s co-founder, will remain with the com- pany as chairman emeritus. Jeff Detwiler, Long & Foster’s current president and CEO, will become chief executive officer, managing the day-to-day operations. Founded in 1968 by Wes Foster and Henry Long, Long & Foster’s companies are among the nation’s leading real estate and financial services companies. (VirginiaBusiness.com)


More than 100 businesses moved to or expanded in Loudoun County during its last fiscal year, investing $3.3 billion. The Loudoun County Department of Economic Development said that amount from FY 2017, which ended June 30, resulted in a three-year total of more than $7.2 billion in new investment. FY 2017 was the department’s third record-breaking year in a row for investment, following $1.6 billion in FY15 and $2.3 billion in FY16. The economic development projects in Loudoun in FY17 included cybersecurity, aviation and aerospace, data centers, craft beverage producers and IT organizations of many kinds. (VirginiaBusiness.com)


A plan to build a Metro station in Alexan- dria’s growing Potomac Yard community has been postponed. Alexandria officials said transit officials determined more time than anticipated would be needed to award a contract. “The schedule is pushed back because we are consider- ing cost-saving opportunities within the context of the procurement,” said Mitch Bernstein, director of the city’s Department


of Project Implementation. Bernstein declined to speculate when construction will begin, saying the final timetable and completion date won’t be known until a contract is awarded. But Metro, which is overseeing the procurement process and construction, said it plans to award the contract next spring. (The Washington Post)


Tysons IT services firm Mission Services Inc. plans to hire 400 new employees, tripling its current count, and move into an office double its current size in a few months. With 200 employees now, the IT contractor has been on a path of surging growth, reaching a turning point in 2016. In the last year, the company has grown tenfold from 20 employees with 14 new federal contracts. The company cites $4.7 billion in new contracts for the Air Force alone, including the Network- Centric Solutions-2, or NETCENTS-2, contracts to provide IT, network and telecom services to the military division. (Washington Business Journal)


Private equity firm H.I.G. Capital completed its acquisition of publicly traded Reston IT and government services firm NCI Inc. in August. H.I.G. purchased both Class A and Class B common stock shares at $20 per share, for a total price of $283 million. NCI had a net income of $13.9 million last year and has about 2,000 employees in more than 100 countries around the world. Miami-based H.I.G. has $21 billion in equity capital and has offices across the country in cities such as Boston and San Francisco. (Washington Business Journal)


U.S. POSTAL SERVICE STATEMENT OF OWNERSHIP MANAGEMENT & CIRCULATION


Title of Publication: VIRGINIA BUSINESS, Publication Number: 001-387. Date of filing: Sept. 13, 2017. Frequency of issue: monthly. Number of issues published annually: 12. Annual subscription price: $48. Complete mailing address of known office of publication: 1207 E. Main St., #100, Richmond, VA 23219. Complete mailing address of the headquarters of general business offices of the publisher: 1207 E. Main St., #100, Richmond, VA 23219. Publisher: Bernard A. Niemeier, 1207 E. Main St., #100, Richmond, VA 23219. Editor: Robert Powell, 1207 E. Main St., #100, Richmond, VA 23219. Managing Editor: Paula Squires, 1207 E. Main St., #100, Richmond, VA 23219. Owner: Virginia Business Publications, LLC, 1207 E. Main St., #100, Richmond, VA 23219. Known bondholders, mortgagees and other security holders: none.


Extent and Nature of Circulation


Average Number Copies Each Issue During Preceding 12 Months


a. Total No. Copies (Net press run)


on Form 3541:


(2) Paid In-county Subscriptions: (3) Sales Through Dealers and Camers, Street


Vendors, Counter sales, and Other Paid or Requested Distribution Outside USPS


_______________________________________________________________ (4) Other Mail Classes Through the USPS


c. Total Paid and/or Requested Circulation:


_______________________________________________________________ 14,777


d. Nonrequested Distribution By Mail: (1) Outside-County as Stated on Form 3541 13,461


_______________________________________________________________ e. Total Nonrequested Distribution: 13,461 13,602


(2) In-County as Stated on Form 3441 (3) Other Classes Mailed Through the USPS


_______________________________________________________________ f. Total Distribution:


_______________________________________________________________ g. Copies Not Distributed:


_______________________________________________________________ h. Total


_______________________________________________________________ Percent Paid and/or Requested Circulation:


28,238 28,531 1,516 1,239 29,754 29,770


_______________________________________________________________ 52.34% 52.33%


Signature/Title of Publisher, Bernard A. Niemeier, Publisher


www.VirginiaBusiness.com VIRGINIA BUSINESS 15


14,929 13,602


27 26 Eligible Equipment  


Rebate Amount 





 WashingtonGasRebates.com/VB


Actual Number Copies of Single Issue Nearest to Filing Date


29,754 29,770


_______________________________________________________________ 14,903


b. Paid and/or Requested Circulation: (1) Outside-County Mail Subscriptions Stated 14,750


      


Octo Consulting Group, a digital services provider for the federal government, has opened a new corporate headquarters in Reston. The 25,000-square-foot, $2 million facility represents a substantial expansion in footprint from the company’s former offices in Tysons Corner. Octo said it has hired more than 130 employees during the past 18 months as government agencies have modernized their aging IT infrastructure. It now has 350 employees. The company has additional offices in Alexandria, Fulton, Md., and Atlanta. (VirginiaBusiness.com)


Dulles-based Orbital ATK successfully launched a rocket carrying a satellite into space from Cape Canaveral, Fla. In August the satellite will deliver information to the U.S. Strategic Command through the Joint Space Operations Center. Orbital ATK designs, builds and delivers space, defense and aviation systems for customers around the world, as a prime contractor and merchant supplier. The company employs approximately 13,000 people across the U.S. and in several international locations. (VirginiaBusiness.com)


PEOPLE


Northwest Federal Credit Union’s board of directors has selected Jeff Bentley as president and CEO. Bentley began his career at Herndon-based Northwest Federal in


2014 as the senior vice president of lending/chief lending officer. (News release)


Biniam Gebre has been named managing director of Accenture Federal Services’ management consulting group. Gebre joins the Arlington County- based group from Oliver


Wyman, where he was a partner. Before that, he served as acting assistant secretary and commissioner of the Federal Housing Administration. (VirginiaBusiness.com)


Chantilly-based Atomicorp has added Rick Gordon as an independent board member and Dan Woolley as a formal adviser. Gordon and Woolley were both most recently at the Mach37 Cyber Accelerator in Herndon before being ousted on July 1 in a management shakeup following a failed attempt to spin the accelerator out from the Center for Innovative Technology. Gordon and Woolley oversaw Atomicorp through the accelerator program. (Washington Business Journal)


Valerie Mondelli has been named chief revenue officer at Alexandria-based Verisys. She was formerly with McKesson, leading the sales and marketing


functions at RelayHealth. (News release)


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