Business

 

 

Keurig Dr Pepper Evolves Its C‑Suite to Support Growth Plan

by | Jan 16, 2025
"We've been intentional about building a deep bench of talent, and we are fortunate to have leaders who are seasoned, forward-thinking and ready to step into these critical roles," CEO Tim Cofer said of the three C-suite moves.
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La Madeleine Appoints Former Denny’s Exec as Its New President
by | Jan 16, 2025
John Dillon will be responsible for creating a dynamic strategy to drive sales, increase the number of franchise partners, expand the brand's market presence, and further enhance plans around store-level profitability, operational efficiency, restaurant design, guest experience, marketing, and menu innovation.
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Land Acquired for 20,000-Seat, $300M Sunset Amphitheater in McKinney
by | Jan 16, 2025
The "game-changing world-class music venue" is set to be built as part of a public-private partnership between Venu Holding Corp., the city of McKinney, the McKinney Economic Development Corp., and the McKinney Community Development Corp.
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UTA Physicist Gets $1.3M Grant To Advance Innovation in U.S. Magnet Manufacturing
by | Jan 16, 2025
The project, led by UTA physicist J. Ping Liu, seeks to make the mining of critical rare earth elements more cost-efficient and environmentally sustainable by using cheaper, more abundant materials—helping to boost U.S. production of high-performance magnets.
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Shield AI Opens Office in Kyiv to Train Ukrainians on North Texas-Developed V‑BAT Drones

by | Jan 16, 2025
Three years after acquiring Plano-based Martin UAV and its innovative V-BAT drones, San Diego-based Shield AI is now on the ground in Kyiv. Its team is working with Ukrainian drone operators, delivering training that will prepare them for deploying V-BATs to the front lines of the country's war with Russia.
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Topaz Labs Is Expanding Its Addison HQ, Plans 130 New Tech Jobs
by | Jan 16, 2025
Founded in the CTO's guest bedroom in 2006, Addison-based Topaz Labs has enhanced over 1 billion photos worldwide with its "one-click," deep learning-based image and video editing software. With a $200K grant from the town of Addison, it's nearly tripling the size of its HQ as it sharpens its focus toward growth.
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Michaels Announces 3-Member Interim CEO Team While Searching for New Chief
by | Jan 15, 2025
Heather Bennett, president, Stacey Shively, chief merchandising officer, and CFO Perry Pericleous have been appointed to lead the interim Office of the CEO at the Irving-based Michaels Companies.
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Plano-Based Aligned Data Centers Raises Over $12B in Equity and Debt Capital
by | Jan 15, 2025
The company said the raise encompassed new primary equity from funds managed by Macquarie Asset Management, alongside multiple large global investors with significant experience in digital infrastructure.
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The Last Word: On Irving-Based Caterpillar Celebrating Its 100th Aniversary in 2025

by | Jan 15, 2025
Last week, Irving-based Caterpillar marked its 100th anniversary year with celebrations throughout the U.S. commemorating "a monumental moment" in the company's history. The company officially turns 100 on April 15, marking a century of "customer-centric innovation and industry-leading transformation"
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Dallas’ Colossal Biosciences Becomes Texas’ First Decacorn, Securing $10.2B Valuation With Series C Funding
by | Jan 15, 2025
Best known for its moonshot mission to revive the woolly mammoth, Colossal Biosciences has secured $200 million in Series C funding led by TWG Global. The world's first de-extinction company, founded in 2021 by entrepreneur Ben Lamm and renowned Harvard geneticist George Church, Colossal Biosciences is working to restore Earth's lost biodiversity, "making science fiction into science fact."
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Patented: Microsoft’s Identification of Purchase Cycle Transitions from Online Activity and More North Texas Inventive Activity
Dallas-Fort Worth ranked No. 11 for patent activity out of 250 metros for the week of Dec. 10 with a total of 127 patents granted.
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Dallas’ Venture Metals + Acquires Companies in Arizona and Pennsylvania
by | Jan 14, 2025
Based in Philadelphia and founded in 1939, Thalheimer is a non-ferrous scrap metal processor of copper, brass, stainless steel, and other metals, selling to foundries, refiners, and mills globally. It acquired Phoenix-based Mega Metals in 2018.
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Dallas’ Access Healthcare Gets Growth Investment from NYC’s New Mountain Capital

by | Jan 14, 2025
"Through our partnership with New Mountain, we're positioned to scale more rapidly, invest in next-generation technologies, and continue providing the platform upon which our clients rely," said Access Healthcare Vice Chairman Vardhman Jain. "By combining our strengths, we'll drive innovative solutions and create even greater value for the healthcare industry."
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CBRE Group To Acquire NYC-Based Coworking Company Industrious, Valuing It at $800M
by | Jan 14, 2025
Dallas-based CBRE had previously invested in Industrious—a flexible workspace provider with more than 200 units across over 65 cities—through a roughly 40% equity interest and a $100 million convertible note. CBRE said it will acquire the remaining equity stake in Industrious for around $400 million.
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Frisco Engineering and Construction Consultancy Doubles Down on CRE Property Asset Services as Projects Surge
PR&A's portfolio surged to $9 billion in property condition assessments last year, including a landmark KKR-Blackstone student housing deal, building on $17 billion in development advisory work in 2023. Newly appointed co-presidents Michael Raybon and Justin Lia tell Dallas Innovates about their firm's expansion into Asset Management Support—a vertical designed to address a market gap in the property ownership lifecycle.
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The Last Word: James Loomstein on ‘Why Digital Marketing Tactics Won’t Save Your Startup’
by | Jan 14, 2025
Digital marketing veteran James Loomstein shares why startups need to focus on core business problems, not quick-fix marketing tactics. Here are key insights from 10 years teaching at SMU Cox.
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