Making a deal: Los Angeles-based B. Riley Financial has agreed to acquire the Arlington, Va., investment banking and brokerage firm FBR & Co in a stock transaction valued at $160.1 million.
Getting smarter: Northern Virginia’s Center for Innovative Technology said it has partnered with the business mentoring group Smart City Works to launch a new accelerator focused on young companies aimed at driving new innovations in urban infrastructure. The partnership will be called Smart City Works @ Herndon.
Coming soon: Freshly, a healthconscious food-delivery service headquartered in New York City, is opening a meal distribution center in Savage, Md., and plans to add 500 jobs by the end of 2018. The company, which said it plans to invest $8 million for machinery and equipment, received a $1 million conditional loan from the state.