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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.
Fisher Investments Founder Ken Fisher [Composite photo; original: Fisher Investments]
Plano-Based Fisher Investments Finalizes $3B Minority Stake Sale, Valuing Firm at Nearly $13B
by Lance Murray | 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."
Plano-Based Mili, an AI Meeting Assistant for Wealth Management Firms, Emerges from Stealth With $2M
by Lance Murray |
Jan 7, 2025
Mili's "invisible AI assistant" features deep integrations with major wealth platforms including Salesforce, Wealthbox, Practifi, and Salentica. By automating meeting documentation, it aims to save wealth advisers "more than eight hours weekly," the startup says.
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by Lance Murray |
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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by Lance Murray |
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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Irving’s McKesson Corp. Completes Sale of Canada-Based Businesses to Private Equity Firm
by Lance Murray | Jan 2, 2025
Irving-based McKesson Corp. has finalized the sale of its Canada-based Rexall and Well.ca businesses to Birch Hill Equity Partners, a mid-market Canadian private equity firm.
McKesson said the deal enables it to focus capital deployment and prioritize investments expanding its strategic oncology and biopharma growth platforms.
The deal, which was announced in September, closed on Dec....
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by Lance Murray |
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....
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by Lance Murray |
Dec 30, 2024
The Lab-on-a-Chip test can detect immune responses to infectious pathogens in two to three minutes, using just a drop of blood or saliva on a "microfluidic" chip. Funding for the researchers' grant came from Dallas-based Lyda Hill Philanthropies.
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by Lance Murray |
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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Histology equipment manufacturing in progress at Myr, located in Tarragona, Spain. [Photo: Business Wire]
North Texas’ StatLab Acquires Spanish Histology Equipment Manufactur Myr
by Lance Murray | Dec 18, 2024
StatLab said the integration of Tarragona, Spain-based Myr equips StatLab to expand both its portfolio and its international footprint.
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by Lance Murray |
Dec 18, 2024
Plano-based Award Solutions, a provider of training and consulting services in advanced wireless and network technologies, has been acquired by Dublin, Ireland-based professional services company Accenture.
Terms of the deal were not disclosed. Award Solutions, founded in 1997, has employees in Las Cruces, New Mexico; Branson, Missouri; San Diego, California; and Bangalore, India....
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by Lance Murray |
Dec 17, 2024
With more than 3,500 employees, the combination of Terrell-based Unified Power and California's Pearce Solutions creates one of the leading independent service providers for power continuity solutions in the United States, the companies said.
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by Lance Murray |
Dec 16, 2024
Palo Alto, California-based Fiddler AI said its $18.6 million Series B extension brings the round's total funding to $50 million. The company said the funds will help it "continue to build momentum in AI observability and AI safety."
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Robin Potts, investment partner and chief investment officer of Canyon Partners Real Estate [Photo: CPRE]
Dallas’ Canyon Partners Raises $1.2B for Its Real Estate Credit Investment Strategy
by Lance Murray | Dec 12, 2024
Canyon's CRED III represents the firm's largest U.S. real estate debt fund to date, surpassing its $1 billion fundraising target and nearly doubling its $650 million predecessor fund.
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by Lance Murray |
Dec 11, 2024
Uptiq.AI said the acquisition significantly enhances its ability to deliver innovative, AI-driven applications tailored to the needs of wealth management firms, banks, credit unions, fintechs, and non-bank organizations.
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by Lance Murray |
Dec 10, 2024
London-based Lighthouse, a commercial intelligence platform for the $15 billion travel and hospitality technology market, said proceeds from the investment will help expand its "significant presence" in Grapevine, among other endeavors.
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by Lance Murray |
Dec 9, 2024
The $8.6 million grant has been awarded to the city of Dallas on behalf of Fair Park First and the Community Park and will be distributed through the National Park Service’s Land and Water Conservation Fund’s Outdoor Recreation Legacy Partnership Program.
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