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. 

 

Plano-Based Think Power Solutions Acquires Lamar Technical Services

by | Jan 23, 2025
Based in Cedar Park and Conroe, Texas, LTSI specializes in GIS data collection, construction staking and layout, easement research, and other services.
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Fort Worth’s Novaria Group Acquires Leading Aerospace Hinge & Pin Manufacturer
by | Jan 21, 2025
Novaria is a leading manufacturer of specialty components and hardware for the aerospace and defense industries. Bandy is a leader in the production of "tight tolerance" hinges and pins for both sectors.
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Alicia Rogers, UTA assistant professor of biology
Gene Regulation: UTA Researchers Use $1.8M Federal Grant to Study How RNAi Affect Human Health
by | Jan 18, 2025
The project, led by Assistant Professor of Biology Alicia Rogers, could lead to improved genetic knowledge that may aid in the development of synthetic therapies to prevent or treat diseases, including cancer.
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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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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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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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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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Motorola Solutions to Acquire North Texas-Based Theatro Labs, Expanding AI-Powered Solutions to New Industries
by | Jan 13, 2025

Motorola Solutions has agreed to buy Richardson-based Theatro Labs Inc., a maker of AI and voice-controlled communication and digital workflow software for frontline workers.

“For more than a decade, we have been passionate about innovating for frontline workers,” Theatro President and CEO Chris Todd said in a statement....

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North Texas Lands $62M+ in EPA Grants for 244 Zero-Emission Vehicles Across Two Organizations
by | Jan 10, 2025

The North Central Texas Council of Governments and the Dallas Independent School District have received grants totaling more than $62 million to help buy 244 zero-emission vehicles via the Environmental Protection Agency’s first-ever Clean Heavy-Duty Vehicles Grant Program....

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Dallas’ Maple Park Capital Partners Snags Majority Stake in Rita’s Italian Ice & Frozen Custard

by | Jan 9, 2025
Founded in 1984, Rita's has grown to become the largest Italian Ice concept in the world with a franchise network spanning more than 575 locations across 30 U.S. states, as well as international markets.
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Alpha Cognition Inks $44M Deal With China’s CMS to License Alzheimer’s Drug in Asia and Beyond
by | Jan 9, 2025
Alpha Cognition’s Alzheimer’s oral therapy ZUNVEYL, FDA-approved in July, targets U.S. launch in Q1 2025 as the company boosts its commercialization team with five new hires.
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Plano-Based ServiceMinder Appoints New Chief Executive Officer
by | Jan 8, 2025
Berkley Simmons, an operating partner since Greenridge Growth Partners’ 2023 investment, becomes CEO of ServiceMinder as founder John Keene transitions to Chief Technology Officer to focus on product innovation.
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Trinity Hunt Partners Sells Its Stake in Aperture, an Arlington-Based Forensic Expert Witness Platform
by | Jan 8, 2025
Aperture is a full-service national provider of forensic expert witness services, providing accident reconstruction, premises liability, biomechanical and human factor analysis, construction disputes, and commercial litigation services.
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