Business

 

 

Fort Worth’s Stellar Blu Solutions Acquired by Israeli Company in Deal Worth Up to $245M

by | Jan 7, 2025
Stellar Blu Solutions, headquartered at Perot Field Fort Worth Alliance Airport, develops cutting-edge connectivity, network, and avionics solutions for next-generation satellite networks.
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Plano-Based Fisher Investments Finalizes $3B Minority Stake Sale, Valuing Firm at Nearly $13B
by | Jan 7, 2025
Fisher Investments—which relocated its headquarters from Washington State to Plano in 2023—said the investment by Advent International and ADIA was part of founder Ken Fisher's long-term estate planning and "ensures the firm's long-term private independence, culture, growth evolution, and devotion to exceptional client service."
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Dallas-Based TI Debuts Radar Sensor, Audio Processors to Enhance ‘In-Cabin Automotive Experiences’
by | Jan 7, 2025
Texas Instruments said the edge AI capabilities of its new radar sensor help improve automotive safety, while its next-gen microcontroller units and processors elevate driving via "more immersive audio." All are being debuted this week at CES 2025 in Las Vegas.
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The Last Word: Rogers Healy on Dallas’ Rise as the ‘Ultimate Founders Hub’
by | Jan 7, 2025
From tech and finance to fashion and food, "Dallas is becoming a melting pot of industries—and that diversity is a recipe for innovation," Healy says in D CEO. "Dallas is where dreams become reality, period."
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Former Quarterback Colt McCoy To Launch Fort Worth Office for Real Estate Firm HPI

by | Jan 7, 2025
The former UT and NFL star—recently seen in a Progressive insurance commercial parodying his role as a backup quarterback—called HPI "an established, first-class organization with nearly 30 million square feet and almost four decades of success in the Texas real estate market."
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Fort Worth’s EECU Surpasses $4B in Total Assets
by | Jan 3, 2025
Not-for-profit EECU, the second-largest credit union in North Texas, has doubled in asset size since 2017, when it crossed the $2 billion-in-assets threshold.
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North Texas’ Dave & Buster’s Opens First-Ever Franchise Location in India
by | Jan 3, 2025

Coppell-based Dave & Buster’s Entertainment Inc. has made its debut in India with a flagship location in the city of Bengaluru, marking the brand’s first-ever franchise store.

India, with a rapidly growing middle class and increasing urbanization, is the world’s fifth-largest economy and is projected to become the third largest by 2030, Dave & Buster’s said, making it “the perfect market” for its brand....

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North Texas’ Micropac Industries Acquired by California Tech Company in $57M+ Deal
by | Jan 2, 2025

In an all-cash deal valued at more than $57 million, Garland’s Micropac Industries Inc. and California-based Teledyne Technologies Inc. have completed a previously announced merger of Micropac with a wholly owned subsidiary of Teledyne. 

Under the terms of the agreement, which was announced in early November, Micropac becomes a wholly owned Teledyne subsidiary....

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After Filing for Chapter 11 Bankruptcy, North Texas’ The Container Store Says, ‘We’re Here To Stay’

by | Dec 31, 2024

After 46 years in business, Coppell-based The Container Store has filed for Chapter 11 bankruptcy protection while it undergoes a financial reset.

The retail chain and certain of its subsidiaries filed for voluntary protection in the United States Bankruptcy Court for the Southern District of Texas on Dec. 22.

Long known as a staple in home organizing solutions, The Container Store said it made the move to maintain operations without disruptions to customers or vendors....

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S&P 500 Adds North Texas’ Lennox
by | Dec 30, 2024

Richardson-based climate control solutions provider Lennox has been included in the S&P 500, a milestone it said recognizes the company’s sustained growth, innovation, and dedication to delivering advanced heating, ventilation, air conditioning, and refrigeration systems....

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TimelyCare Adds Veteran Exec as Chief Marketing Officer
by | Dec 20, 2024
The Fort Worth-based company said Michelle Lanter Smith will drive brand engagement and revenue growth through innovation, data-driven marketing strategies, and talent cultivation.
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North Texas’ E2open Makes 2 C‑Suite Moves
by | Dec 20, 2024
Pawan Joshi has been promoted to chief strategy officer, a new executive role responsible for driving corporate strategy and growth. Rachit Lohani has joined as chief product and technology officer, a new executive role at E2open.
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Austin’s Endeavor Real Estate Adds Dallas-Based Managing Principal

by | Dec 20, 2024
The firm, with $5.4 billion in real estate assets, said Andrew S. Levy will focus on office acquisitions for Endeavor throughout the Sunbelt Region.
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North Texas’ Mr. Cooper Group Adds New Board Member
by | Dec 20, 2024
Andrew Bon Salle brings more than 30 years of experience in capital markets, risk management, securitization, and mortgage policy leadership within the home lending sector.
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Dallas-Based Architecture Firm HKS Announces CEO Succession Plan
by | Dec 20, 2024
Heath May, a 20-year veteran of the architecture and design firm, will succeed current CEO Dan Noble in January 2026, following a year of "apprenticeship and preparation" alongside Noble, who's been chief executive since 2014.
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Potandon Produce Announces New CEO to Succeed Retiring Leader
by | Dec 20, 2024
CEO Mel Davenport will retire after more than 30 years of service at the Dallas- and Idaho Falls-based company. Succeeding him as CEO will be David Lawrence, former CEO of Fresh Direct. 
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