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 Pharmacy Benefit Manager CerpassRx Acquired by Maryland’s LucyRx

by | Jul 31, 2025
The deal brings together CerpassRx’s "proven track record of service and cost containment" with LucyRx’s technology-driven clinical approach, all under a shared vision for "smarter, more transparent prescription care," LucyRx said.
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Plano-Based Tyler Technologies Acquires Ohio’s Emergency Networking
by | Jul 30, 2025
Tyler said the acquisition strengthens its comprehensive public safety suite at a critical time, noting that by Jan. 1, all fire and EMS departments nationwide must move from the National Fire Incident Reporting System to the National Emergency Response Information System (NERIS).
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Richardson’s RealPage Acquires California Real Estate AI SaaS Co. Rexera
by | Jul 30, 2025
RealPage is combining its HomeWiseDocs' HOA platform with Rexera’s agentic AI workforce to create what it calls the first nationwide platform capable of delivering real estate transactions and operations services at scale "with unmatched speed, precision, and customer satisfaction."
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Addison-Based HealthMark Group Gets Growth Investment From Boston’s TA Associates

by | Jul 29, 2025
Founded in 2006, HealthMark said its platform enables healthcare providers to outsource clinical information requests from health plans, law firms, insurance companies, patients, and other requestors—with 20 million clinical data requests processed to date.
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Flowserve’s Merger with Chart Industries Is Off, Edged by Baker Hughes’ $13.6B Offer
by | Jul 29, 2025
Irving-based Flowserve's all-stock "merger of equals" with Atlanta-based Chart has been usurped by a better offer, after Houston- and London-based Baker Hughes swooped in with $13.6 billion in cash. But Flowserve won't walk away empty-handed—it's getting a $266 million "termination payment."
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Fort Worth’s PAK Quality Foods Acquires Dallas-Based Formosa, Expanding Reach and Product Mix
by | Jul 23, 2025

Fort Worth-based PAK Quality Foods has acquired the assets of Las Colinas International Inc., better known as Formosa Foods, the company announced Monday.

The deal brings together two regional distributors and expands PAK’s reach beyond Texas and eastern New Mexico.

Dallas-based Formosa, founded in 1979, is a family-owned company that supplies foodservice, retail, and institutional customers in Texas, Oklahoma, Louisiana, and Arkansas....

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Fort Worth’s Novaria Group Acquires Aerospace Fusible Plug Business From PPMG
by | Jul 22, 2025
Headquartered in Troy, Ohio, Precision Aero Corp. is a leader in the manufacturing of fusible plugs and specialty aftermarket components for safety-critical aerospace applications.
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Fort Worth Drug Detection Sweat Patch Company PharmChem Acquired by Alcohol Monitoring Systems

by | Jul 21, 2025
The acquisition adds its tamper-resistant sweat patch drug testing to the Colorado company’s compliance-focused product portfolio.
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Dallas PE Firm Unity Partners Acquires Canada-Based The Byng Group
by | Jul 17, 2025
The Toronto-headquartered Byng Group operates throughout Ontario and the Mid-Atlantic region of the U.S., offering a range of services to multifamily properties and senior living facilities.
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Australia’s PolyActiva Opens Fort Worth Office With New Locally Based CEO, CFO, and CSO
by | Jul 17, 2025
After selling Fort Worth-based Eyevance Pharmaceuticals for $225 million in 2020, Jerry St. Peter is back in the company-building business—now as CEO of Melbourne-based PolyActiva. He’s bringing his former top team with him as the company ramps up U.S. clinical trials of its glaucoma treatment.
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Dallas’ Billee Technologies Snags $9M+ to Fix Utility Billing for Multifamily With AI and Automation

by | Jul 16, 2025
Led by Modern Message founder John Hinckley, Billee aims to eliminate one of property management’s biggest pain points. With backing from RET Ventures, the startup says its AI-driven platform is already unlocking major savings for multifamily owners and operators.
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Apple Announces $500M Deal to Buy Rare Earth Magnets From MP Materials’ Fort Worth Plant
by | Jul 15, 2025
Under the deal, rare earth magnets will be developed from 100% recycled materials at MP's flagship manufacturing plant in Hillwood's AllianceTexas development. Magnet shipments are slated to begin in 2027 and will ramp up to support "hundreds of millions of Apple devices," MP said.
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Venture capitalist Tim Draper and NVCA President and CEO Bobby Franklin are the first speakers announced for the 2025 Venture Dallas Conference. [Images courtesy Venture Dallas]
Tim Draper, Bobby Franklin To Headline Venture Dallas Conference’s ‘Fifth Convening’ at Bush Center
by | Jul 15, 2025
The 2025 conference, backed by J.P. Morgan and Perot Jain, has become an established annual event for connecting capital to companies built in North Texas.
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