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. 

 

Frisco Cybersecurity Co. HITRUST Snags Growth Investment from NYC’s Brighton Park

by | Mar 19, 2025
HITRUST said the investment will support its "continued expansion and innovation" in cybersecurity and information risk assurance amid growing global concerns about cyber threats and regulatory compliance.
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Dallas’ CSW Industrials To Acquire Aspen Manufacturing for $313.5M
by | Mar 19, 2025
The acquisition will allow CSWI to expand its existing HVAC/R product line with "an innovative portfolio of high-caliber evaporator coils and air handlers," while building on its existing HVAC/R end market leadership position, the company said.
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Plano Payment Facilitator Fortis Snags Investments from Audax Private Equity and Lovell Minnick
by | Mar 13, 2025
Fortis said the investment will support accelerating its mission to become the global leader in payment technology and embedded commerce experiences for businesses.
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Plano-Based NewPoint Holdings Acquired by NYC’s Franklin BSP Realty Trust
by | Mar 13, 2025
With a $54.7 billion servicing portfolio, NewPoint is a leading commercial finance platform focused on multifamily and healthcare real estate lending.
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North Texas Cloud & AI Services Provider Quisitive Acquired by H.I.G. Capital

by | Mar 12, 2025
Founded in 2016, Irving-based Quisitive is a global, premier cloud services provider in the Microsoft ecosystem—providing digital transformation services, managed services, and AI solutions to mid-size and enterprise clients.
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Dallas Startup DirectH2 Lands Seed Round to Commercialize Rice University’s Breakthrough Hydrogen Tech
by | Mar 12, 2025
DirectH2 said the funding will accelerate the development and commercialization of its cutting-edge hydrogen solutions in collaboration with Houston-based Rice University—addressing critical challenges in the clean energy sector.
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North Texas-Based Frontline Worker Platform Theatro Labs Acquired by Motorola Solutions
by | Mar 11, 2025
Theatro’s software-as-a-service platform provides a suite of collaboration applications that deliver information in real time to help improve productivity and physical safety.
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Report: Canoo’s DFW-Based CEO Aims To Buy His Bankrupt Company’s Assets
by | Mar 11, 2025
Months after relocating to North Texas from California, EV delivery van maker Canoo filed for bankruptcy in January. Now—aiming to honor Canoo's commitments to the USPS, U.S. Army, and NASA—CEO Anthony Aquila proposes to buy the company's assets for $4 million, TechCrunch reports.
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North Texas Alkami to Acquire MANTL in $400M Deal, Addressing ‘Paramount Concern’ of Financial Institutions—Customer Onboarding

by | Mar 4, 2025
The digital banking solutions provider says acquisition completes its "Digital Sales & Service Platform," enabling banks to process new accounts at three times the industry standard speed.
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David Stinnett Trive Capital private equity firm Dallas, Texas, Trive capital, karman space, karman space and missile, trive capital investment aerospace, dallas private equity company space defense,
Dallas-Based Trive Capital Invests in UK Forgings and Alloy Manufacturer Following Karman $506M IPO
by | Feb 27, 2025
After defense and space systems maker Karman Holdings—formed by Trive Capital in partnership with Aerospace Engineering Corp. and AMRO Fabricating Corporation in 2021—went public earlier this month, the PE firm remains its largest shareholder. Now, Trive is expanding its aerospace and defense portfolio with UK-based IFA.
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Dallas’ EXA Capital Acquires N.Y.-Based Healthcare SaaS Platform PrecisionCare
by | Feb 26, 2025
EXA Capital said the acquisition strengthens its presence in the healthcare technology sector and expands its portfolio into the critical space of care management solutions.
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North Texas’ Coltala Holdings Launches Aerospace Platform via AeroParts Group Acquisition

by | Feb 18, 2025
The new group, Coltala Aerospace, brings together three AeroParts businesses—Evans Composites, APM, and ACD Consulting—serving both commercial and military aerospace.
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Smith System Buys UK Tech Firm to Link Fleet Driver Training with Real-Time Performance Data
by | Feb 17, 2025
The Arlington company has trained millions of drivers across 100 countries since 1952, and now adds real-time performance monitoring to its global safety programs.
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U.S. Energy Development Corp. Secures $165M Credit Facility as It Targets Up to $1B in Permian Investments for 2025
by | Feb 15, 2025

Arlington-based energy exploration and production company U.S. Energy Development Corp. has closed a new $165 million revolving credit facility, which could expand to $500 million, providing fresh capital for strategic growth.

The announcement follows USEDC’s recent commitment to deploying up to $1 billion in new projects in the Permian Basin in 2025, building on what the company calls a “record-breaking year” in 2024....

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Dallas-Based ParkHub Acquires NYC Valet Parking Solutions Co. ElimiWait
by | Feb 13, 2025
ParkHub said it will incorporate ElimiWait’s innovative valet management tools—including Valet Mate, a contactless, paperless end-to-end mobile valet solution, and a Request Ahead platform—into its suite of offerings.
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