Based upon a new study by Credit Suisse research indicates that closely held-family owned businesses outperform the market’s performance in a variety of categories.  With continued economic growth and easy access to technology and resources, especially right here in the mid-Atlantic, the time has never been better to open your own business.  Perhaps your business can open up in one of the many new real estate developments in the Mid-Atlantic, like D.C.’s new Wharf development.

Transactions

Leidos Lands Nearly $1B Contract for Work with NGA
Source: WBJ

Reston-based Leidos (NYSE: LDOS) has landed a contract worth nearly $1 billion to provide IT services to the National Geospatial-Intelligence Agency. Read More

DXC Technology Acquires Logicalis SMC

Source: City Biz List

TYSONS, Va.–(BUSINESS WIRE)–DXC Technology (NYSE: DXC), the world’s leading independent, end-to-end IT services company, announced that it has signed an agreement to acquire Logicalis SMC, one of the Netherlands’ leading providers of technology-enabled solutions for the service management sector. Read More

Economic Development in the DMV

First Impressions of the Wharf from Business Owners, Residents and Artists

Source: WBJ

The Wharf’s opening saw gray skies and chilly winds. But the misty, dreary day that welcomed the first visitors to D.C.’s new Southwest waterfront development couldn’t rain on anyone’s parade. Read More

YogaWorks Buys More DC-Area Studios

Source: WTOP

Los Angeles-based yoga studio chain YogaWorks has acquired Pure Om’s two studios in the D.C. area for an undisclosed sum, bringing the number of yoga studios owned by the L.A. based chain in the D.C. and Baltimore areas to 13. Read More

Economic News

Report: Family-owned Businesses are Doing Better than the Rest
Source:  Washington Post

“Over time, family-owned companies very structurally outperform in every region, every sector, and for small and larger companies.”  Read More.

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ABOUT OFFIT KURMAN

Offit Kurman is one of the fastest-growing, full-service law firms in the Mid-Atlantic region. With over 140 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well positioned to meet the needs of dynamic businesses and the people who own and operate them. Our eleven offices serve individual and corporate clients in the Virginia, Washington, DC, Maryland, Delaware, Pennsylvania, New Jersey, and New York City regions. At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we consistently maintain our clients’ confidence by remaining focused on furthering their objectives and achieving their goals in an efficient manner. Trust, knowledge, confidence—in a partner, that’s perfect.

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