Business

 

 

Dallas’ Lone Star Funds Acquires Netherlands-Based Industrial Services Provider ERIKS

by | May 3, 2024
Founded in 1940, ERIKS is a provider of specialized industrial services with more than 200 locations in 12 countries. It offers a wide range of technical products and co-engineering and customization solutions.
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ExxonMobil Closes $59.5B Acquisition of Irving-Based Pioneer Natural Resources
by | May 3, 2024
ExxonMobil said the merger creates "an unconventional business" with the largest, high-return development potential in the Permian Basin.
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DFW-Based Court Reporting Firm Acquired by U.S. Legal Support
by | May 2, 2024
Wendy Ward Roberts & Associates, a Garland-based, certified woman-owned agency, has been serving the legal community for over three decades. Now its capabilities are being combined with Houston-based U.S. Legal Support's digital infrastructure and nationwide teams, which offer on-demand access to more than 12,000 offices in 2,700 cities across the U.S.
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A 12-Story Dallas County Parking Garage Just Opened Downtown. Now It Awaits a Hotel To Potentially Top It Off
by | May 2, 2024
Designed by Dallas-based Corgan and named "Project of the Year" by the Regional Hispanic Contractors Association, the new mixed-use parking garage near the Dallas County Courthouse looks pretty striking as is. It will look even more stunning if an envisioned 15-story hotel is built on top.
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The first-ever AI 75 — the most innovative people in artificial intelligence in Dallas-Fort Worth — is revealed on May 2 at Convergence AI.

Presenting the First-Ever AI 75: Meet the Most Innovative Leaders in Artificial Intelligence in Dallas-Fort Worth

by | May 2, 2024
Dallas Innovates, the Dallas Regional Chamber, and Dallas AI have teamed up to launch the inaugural AI 75 list. The 2024 program honors the most significant people in AI in DFW in seven categories—the visionaries, creators, and influencers you need to know.
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Dallas Holocaust and Human Rights Museum Announces 12 ‘In Her Shoes’ Honorees
by | May 1, 2024
In conjunction with the museum's special exhibition, Walk this Way: Footwear from the Stuart Weitzman Collection of Historic Shoes, "In Her Shoes" aims to elevate the work and impact of 12 notable female leaders in the region and champion the various causes and communities they serve, the museum said.
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Reshoring Rare Earth Magnet Manufacturing to the U.S.: The AllianceTexas Advantage
When it comes to electric vehicle production, a profound opportunity is emerging that promises to reshape the global supply chain. Key to seizing this opportunity is re-shoring critical magnetic materials to the U.S., a move that is vital for the future of electric vehicles, drones, intelligent transportation systems and the electrification of smart technologies.
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The Last Word: RREAF Holdings’ Kip Sowden on Keeping His CRE Platform All in the Family
by | May 1, 2024
Founded in 2001, Sowden's privately held, vertically integrated CRE firm has an even longer history in the industry, with roots going back some 37 years. RREAF operates across multiple platforms, targeting different segments of the real estate market, including multifamily and hospitality. With nearly 500 employees and assets of $4.5 billion, it's not surprising that an IPO would seem to be in the picture. 
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Federal Home Loan Bank of Dallas Commits Nearly $100M to Four Affordable Housing Initiatives

by | Apr 30, 2024
“We have options for homeowners and renters through our programs, which provide very low- to moderate-income residents, older residents. and people with disabilities access to affordable housing,” says FHLB Dallas President and CEO Sanjay Bhasin.
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From left: Co-founder and CEO Mike Fey and co-founder and chief technology officer Dan Amiga. [Image: Islands]
Dallas-Based Island Raises $175M in Growth Funding, Doubles Valuation to $3B
by | Apr 30, 2024
Island, a pioneering category leader in enterprise browsers, said its Series D round was led by new investor Coatue and existing investor Sequoia Capital, with additional funding from other existing investors. The round comes just six months after Island raised a $100 million Series C.
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The Last Word: The Message (in a Tiny Coffin) That Dallas’ Embark Is Sending to CFOs Nationwide
by | Apr 30, 2024
Embark said it would cap things off by staging a “funeral procession” through New York City, with a hearse adorned in ornate floral arrangements spelling ‘RIP Consulting.'” 
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From Service to Success: Sam Ruben’s Mission to Empower Veterans Through Real Estate
In this continuing series on real estate development in Southern Dallas, we introduce you to real estate professionals who are part of Innovan Neighborhood's Community Developers Roundtable. They’re working to bring new life to long-neglected parts of Dallas.      The New Dallas Landscape, Part 5: Meet Sam Ruben, of Ruben Legacy Homes. 
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Denver’s STACK Infrastructure To Develop 100‑Acre, 220MW Data Center South of Dallas

by | Apr 29, 2024
Spanning 1.5 million square feet across six 36MW data centers, the "AI-ready" Lancaster campus has a planned delivery of mid-2026 and features committed power from ONCOR via a dedicated substation.
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Techstars Physical Health Fort Worth Accelerator Gets Its First Exit With ZAMA Health Sale to Volt Athletics
by | Apr 29, 2024
Recognized for its pioneering mental health and wellbeing solutions tailored for athletes, ZAMA Health has been acquired by Seattle-based Volt, which offers "hyper-personalized" strength training that "dynamically adapts" to individual athletes.
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The Last Word: Dallas Billionaire Tom Dundon on Why He Bought and ‘Fixed’ an NHL Team
by | Apr 29, 2024
Dundon, the chairman and managing partner of Dallas-based Dundon Capital, became the majority owner of the NHL's Carolina Hurricanes in 2017, three years after he took Dallas-based auto loan giant Santander Consumer USA public with an IPO that raised $1.8 billion. He's also a co-owner of the PPA Pickleball Tour—which merged in March with Austin-based MLP by Margaritaville—and an investor in Pickleball.com. 
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machine learning
Learning Before Legislating in Texas’ AI Advisory Council
Under the leadership of Senator Tan Parker and Representative Gio Capriglione, Texas' new Artificial Intelligence Advisory Council is gearing up for its next meeting on May 8, set to shape the future of AI legislation and innovation.
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