Washington area business diary for week of Jan. 14

January 13, 2013

Short takes on the week's announcements and deals.

Acquisitions

Bethesda-based defense and aerospace giant Lockheed Martin said its Lockheed Martin Canada subsidiary is to acquire the engine maintenance, repair and overhaul business of Montreal-based Aveos Fleet Performance. Terms were not disclosed.

Reston-based IT contractor CRGT said it has acquired Herndon-based data analytics and systems engineering services company Guident Technologies. Terms were not disclosed.

New York-based investment bank Houlihan Lokey said it has acquired District-based investment bank Milestone Advisors. Terms were not disclosed.

District-based electronic media company FierceMarkets said it has acquired Whippany, N.J.-based retail technology publication StorefrontBacktalk. Terms were not disclosed.

Toledo-based Health Care REIT has closed on its previously announced acquisition of McLean-based senior housing company Sunrise Senior Living.

Rockville-based tech company Notable Solutions said it has acquired the enterprise output management business and operations from Gainesville, Fla.-based Barr Systems. Terms were not disclosed.

Fairfax-based tech contractor ManTech International said it has acquired Fairfax-based IT and professional services firm Alta Systems. Terms were not disclosed.

Alexandria-based IT service and support provider ServRight said it has acquired Salt Lake City-based OnSite Maintenance Center. Terms were not disclosed.

Longmont, Colo.-based satellite imagery company DigitalGlobe has received antitrust clearance from the Justice Department for its planned acquisition of Herndon-based rival GeoEye. The acquisition still needs approvals from the Federal Communications Commission and the National Oceanic and Atmospheric Administration, which could come before the end of the month.

Los Angeles-based McBee Strategic Consulting has acquired District-based public relations and public affairs firm Gibraltar Associates. Terms were not disclosed, but Gibraltar becomes the strategic communications business unit of McBee Strategic, operating under the name McBee|Gibraltar, and Gibraltar’s employees have relocated to McBee Strategic’s District office.

Chevy Chase-based private investment firm Arborview Capital said it has acquired Hendersonville-based energy conservation company Energy Automation Systems. Terms were not disclosed.

Contracts

Fairfax-based technology and consulting contractor ICF International said it has won a contract valued at $9.4 million from an unnamed utility company to support an energy efficiency program.

Germantown-based weather information company Earth Networks said it will provide data and other services to Brazil-based weather information company Climatempo Group.

Reston-based video software company ObjectVideo said it has signed a global patent licensing agreement with Japan-based Panasonic System Networks.

Expansions

Dallas-based Irish pub-themed restaurant chain Bennigan’s said it has opened a restaurant at 23315 Frederick Rd., Clarksburg, MD 20817.

Chantilly-based Bowman Consulting said it has opened an office in Chicago.

District-based law firm Covington & Burling said it has opened an office in Shanghai.

Fairfax-based George Mason University said it plans to open a campus at Songdo Global University in South Korea.

Funding

McLean-based oil and gas company Spotted Hawk Development said it has received a $100 million senior secured term note facility. The company said it intends to use the money to fund a drilling project in the Williston Basin.

District-based health care IT start-up WiserTogether said it has received an undisclosed investment from Richmond-based Blue Heron Capital.

Sterling-based network services company Neustar said it plans to offer up to $300 million in senior notes due in 2023.

Vienna-based security software firm VidSys said it has received a $3 million loan from Connecticut-based Horizon Technology Finance. VidSys said it will use the money to bolster liquidity.

Pharmaceuticals

Rockville-based EntreMed said that it has submitted a new drug clinical trial application to China’s State Food and Drug Administration for its proprietary drug candidate, ENMD-2076, to conduct global clinical trials in triple-negative breast cancer patients.

— Compiled by Shawn Selby

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