Washington area business diary for week of June 4

June 3, 2012

Short takes on the week's announcements and deals.

Acquisitions

Bethesda-based hotel real estate investment trust RLJ Lodging Trust said it has acquired the 226-room Courtyard New York Manhattan/Upper East Side for $82 million and the 187-room Residence Inn by Marriott Bethesda Hotel Downtown for $64.5 million.

Bethesda-based software company Opnet Technologies said it has acquired Redwood City, Calif.-based software company Clarus Systems. Terms were not disclosed.

District-based tech company Danaher said it will acquire San Mateo, Calif.-based tech company VSS Monitoring. Terms were not disclosed.

Fulton-based manufacturing and engineering company Colfax Corp. said it is to acquire a 91 percent interest in Peru-based welding product supplier Soldexa. The transaction is valued at $235 million.

Call for Entries

The deadline is today for Rockville Economic Development Inc.’s 9th Annual StartRight! Women’s Business Plan Competition, open to businesses in Maryland, Virginia and the District that are at least 51 percent woman-owned and have been in operation for less than two years. Visit www.rockvilleredi.org for more information.

Expansions

Landover-based Giant Food has reopened its grocery store at 1345 Park Rd. NW.

Funding

Fairfax-based Innolog Holdings, formed in 2009 to acquire companies that provide services to the federal government, said it has signed a deal to sell up to $6 million in convertible notes to Glenn Hill Investments, which has provided Innolog with $1.75 million in initial financing.

McLean-based Global Telecom & Technology said it has received $28.8 million in new debt financing.

Moves

The Tech Council of Maryland has moved to 9210 Corporate Blvd., Rockville, MD 20850 from its offices at 9713 Key West Ave., Suite 100, also in Rockville.

Other

McLean-based Sunrise Senior Living said it has agreed to pay $4 million to settle an insurance dispute with Newton, Mass.-based Five Star Quality Care and its affiliates. Sunrise also agreed to an early termination of 10 senior living communities lease from Newton, Mass.-based Senior Housing Properties Trust, turning management of those properties over to Five Star.

District-based asset manager The Carlyle Group has established a Web site for its new corporate identity: www.carlyle.com.

— Compiled by Shawn Selby

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