Follow the Money

News on capital raises, mergers and acquisitions, private equity, and grant funding across Dallas-Fort Worth. From early-stage funding to public exits, here’s a look at deals making business news in the region. 

 

North Texas’ Aligned Data Centers To Be Acquired for $40 Billion by BlackRock, Nvidia, xAI, Microsoft, and Others

by | Oct 15, 2025
A consortium of big industry players called the Artificial Intelligence Infrastructure Partnership (AIP) and other partners are snapping up Aligned and its 50 data center campuses across the U.S. and Latin America. AIP's first-ever investment aims to help meet "the growing demand for the infrastructure required as AI continues to reshape the global economy," said BlackRock CEO Larry Fink.
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Dallas’ 5IR Funds Leads $6.5M Series A Raise for Virginia-Based Insurance Processing AI Startup HOOTL
by | Oct 14, 2025
The combination of AI and regulatory intelligence makes HOOTL "uniquely equipped" to solve the insurance bottlenecks that have plagued providers for many years, the Dallas-based VC firm said.
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Dallas-Based LevelBlue To Acquire San Diego-Based Cybersecurity Firm Cybereason and Gain Investors via Deal
by | Oct 14, 2025
As part of the deal, SoftBank Corp., SoftBank Vision Fund 2, and Liberty Strategic Capital, known for investing in disruptive and innovative technology, will become investors in LevelBlue—which was formerly known as AT&T Cybersecurity before its spinout as a standalone business last year.
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Exiting Europe Lead Market to Focus on U.S., Dallas’ Ecobat Sells Its U.K. Battery Recycling & Specialty Lead Operations
by | Oct 14, 2025
"Upon completion, this transaction—along with the previously announced divestitures in France, Italy, Germany, and Austria—will mark Ecobat's exit from the European lead market," said Ecobat President and CEO Tom Slabe.
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Dallas Real Estate Managed Services Firm RealFoundations Acquired by NYC-Based Newmark

by | Oct 9, 2025
Headquartered at 5050 Quorum Drive in Dallas, RealFoundations has more than 500 employees supporting 500 companies in the U.S., Europe, and Asia-Pacific. Founder and CEO Chris Shaida said joining Newmark—a global leader in commercial real estate services—is "a natural next step for our firm."
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Nerveli Raises $540K to Tackle Chronic Pain With AI and CBT
by | Oct 9, 2025
DFW Angels—a group formed by investors from TiE Dallas Angels—led the Dallas startup’s pre-seed round. Backed by Techstars and former execs from Facebook, Fujitsu, and Samsung, Nerveli is using AI and gamified cognitive behavioral therapy to tackle chronic pain.
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Richardson-Based Salesforce Consulting Partner Kelley Austin Acquired by St. Louis’ Perficient
by | Oct 9, 2025
Managing partners Hunter Austin and Waylon Kelley, who founded the firm in 2020, will join Perficient in key leadership roles. CEO Yusuf Tayob said the acquisition strengthens Perficient’s ability to lead clients through agentic enterprise transformation. The expanded Salesforce partnership is being showcased at Dreamforce Oct. 14–17 in San Francisco.
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Dallas’ Lincoln Property Co. Acquires 2 Office Buildings in San Francisco and BL Mosher in Massachusetts
by | Oct 9, 2025
This week on the West Coast, Lincoln acquired two Class A office buildings in San Francisco. Meanwhile, way back east, it was acquiring Massachusetts-based BL Mosher Consulting, a construction project management team led by founder Barry Mosher.
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Dallas’ Braemar Hotels & Resorts To Sell The Clancy in San Francisco for $115M as Part of Sale of Its Full Portfolio

by | Oct 8, 2025
Braemar's portfolio includes nine resort and five urban properties operated under brands including Ritz-Carlton Reserve, Four Seasons, Ritz Carlton, Park Hyatt, Autograph Collection by Marriott, Hilton, and Sofitel. In August, Braemar's board determined the luxury lodging REIT couldn't flourish in today's market environment "due to the historically low EBITDA multiple lodging REITs are achieving as well as the ongoing activism the company has received."
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Base Power Expanded to Dallas in August. Now the Texas Energy Startup Has Landed $1B to Build a Factory, Take Its Battery Model National
by | Oct 8, 2025
The Austin-based energy startup—co-founded and led by Zach Dell—offers fixed-rate energy plans with home battery backup. Its $1 billion Series C will fund national expansion and a new factory at a former newspaper press site.
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Dallas-Based Comerica To Be Acquired for Nearly $11B by Cincinnati’s Fifth Third Bancorp
by | Oct 7, 2025
The deal will create the ninth-largest U.S. bank with around $288 billion in assets. Once the deal closes, Fifth Third shareholders will own roughly 73% and Comerica shareholders will own approximately 27% of the combined company.
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Frisco-Based GameSquare Buys Talent Agency, Exits Ad Business, and Consolidates Tech Platform in Growth Push
In with Click, Out with Frankly. GameSquare Holdings is acquiring a top Australian digital creator agency for $8.5 million while streamlining its portfolio around creator talent, profitability, and onchain innovation.
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Ameribrands Acquires Dallas-Based Genesis Hotel Services in Hospitality Expansion Move

by | Oct 4, 2025
Known for occupied remodels and more than 40,000 hotel “keys” completed, Genesis is the second acquisition this year by Ameribrands, which is building a national platform serving multi-site hospitality, retail, and restaurant brands.
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NIH Grants $1.84M to UTA Research Team Studying How the Immune System Can Go Wrong—and How to Fix It
by | Oct 4, 2025
The research could lead to better treatments for disease, including cancer.
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Dallas-Based Centersquare ‘Builds Backbone for AI Era’ with $1B in New Data Center Acquisitions
by | Oct 2, 2025
Self-funding the deals with "cash on hand," Centersquare has snapped up data centers in Dallas, Boston, Minneapolis, Tulsa, Nashville, Raleigh, Toronto, and Montreal, growing its portfolio to 80 facilities. A leading colocation provider in North America and the U.K., Centersquare was formed via the 2024 merger of Evoque Data Center Solutions and Cyxtera Technologies.
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Ben Dorks, CEO of Ideagen, said the SafetyStratus deal adds deep chemical management expertise to the UK company’s EHS platform, expanding its reach in life sciences, healthcare, energy, and manufacturing. [Photo: Ideagen]
UK-Based Ideagen Acquires North Texas’ SafetyStratus in Ninth 2025 M&A Deal
by | Oct 2, 2025
Plano-based SafetyStratus, incubated at Cornell in 2011, expands Ideagen’s environmental, health, and safety platform with chemical management capabilities used by more than 500,000 people worldwide.
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