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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.
Raytheon's NGJ-MB system operates at advanced ranges and can jam targets simultaneously. [Photo: RTX/Raytheon]
U.S. Navy Awards Raytheon Additional $580M for Next-Generation Jammer System
by David Seeley | May 21, 2025
The "revolutionary" airborne electronic attack system is slated to be deployed on carrier-based Boeing Growler jets. Work on the project will take place in McKinney and three other U.S. cities, Raytheon parent RTX said.
by Lance Murray |
May 20, 2025
Invene said the strategic acquisition expands its capabilities beyond software engineering and it positions Invene as a full-stack innovation partner, supporting the next generation of AI-driven healthcare products from blueprint to build.
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by Lance Murray |
May 20, 2025
Dallas-area investor Joe Valdman, managing partner at Slate Hill Partners, is the CEO of Perimeter Acquisition Corp., which aims to bridge high-growth innovators with public capital across the defense sector—from military tech to space and aerospace innovation and more.
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by Lance Murray |
May 15, 2025
Verde Valle Foods manufactures, sells, and distributes rice and beans, and is also home to Isadora, a pioneer in ready-to-eat beans and authentic Mexican meals. It was the first brand to introduce beans in a pouch.
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Adyton co-founders JJ Wilson, president, and James Boyd, CEO [Photos: Adyton]
Dallas Defense Tech Co. Adyton Announces $11M Funding Round, $7M Navy Contract
by David Seeley | May 15, 2025
The Adyton Operations Kit—known as AOK—gives troops instantaneous access to information, resources, supplies, and support platforms, while generating "ground-level truth" for commanders.
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by Lance Murray |
May 14, 2025
EoS has more than 175 locations open and on the way across the U.S. CEO Rich Drengberg will continue to head the company with his tenured leadership team and will retain a vested interest in the go-forward company, TSG said.
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by Lance Murray |
May 13, 2025
SMU said that with more than 67,500 donors, volunteers, and supporters, the campaign surpassed its $1.5 billion goal three years ahead of schedule. The university joins several elite universities that have concluded fundraising campaigns totaling $1.5 billion or more—including fellow ACC members Stanford, Duke, and Miami.
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by Lance Murray |
May 13, 2025
The round—co-led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital and including a $50 million credit facility—"strengthens Bestow's position as the preferred partner for life insurance and annuity providers seeking to modernize and scale," said Bestow CEO Melbourne O'Banion.
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Photo: On The Border
Irving-Based On the Border Bought at Auction by Houston’s Pappas Restaurants
by Lance Murray | May 8, 2025
Pappas—which operates Pappasito's Cantina in addition to Pappadeaux Seafood Kitchen, Pappas Bar-B-Q, and Pappas Bros. Steakhouse—said the acquisition will join two iconic Texas-based restaurant brands and expand Pappas' presence in the Tex-Mex category.
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by Lance Murray |
May 7, 2025
Peppertree has made more than 175 investments via 10 flagship funds, supporting the construction and acquisition of more than 10,000 wireless communication infrastructure assets as a preferred capital source to developers, TPG said.
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by Lance Murray |
May 6, 2025
The deal builds on a long-standing partnership, aiming to enhance dental membership plans through Wellfit's technology.
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by Lance Murray |
May 6, 2025
The acquisition marks the launch of Argano’s second phase of a strategic growth program that's aimed at significantly scaling the company this year. Argano says it has acquired 16 companies since 2020.
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File photo of pro golfer Rory McIlroy [Photo: Gary Yee / Shutterstock.com]
Fort Worth’s TPG, Golfer Rory McIlroy Take Big Swing Into Sports Investing
by Lance Murray | May 2, 2025
Career Grand Slam golfer Rory McIlroy and his business partner, Sean O'Flaherty, will serve as operating partners for the newly launched TPG Sports strategy, contributing to sourcing investments and value creation across the portfolio.
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by David Seeley |
May 1, 2025
With its first autonomous robotics-powered munitions factory and initial line "underway" in Dallas, UNION Technologies has a big goal: "Reforge the West's backbone" and win wars "without firing a shot." It aims to do this with software-driven "super-factories" that can eventually build themselves—"anywhere on this planet or any other."
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by Lance Murray |
Apr 30, 2025
Likewize, a global leader in device protection, repairs, and premium technical support, said the acquisition complements its established reputation for innovation in tech protection.
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by Lance Murray |
Apr 30, 2025
The investment by NOVA Infrastructure includes a "significant growth capital component" designed to scale DartPoints' platform and expand its footprint through targeted investments in capacity expansion and strategic M&A to meet market demand.
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