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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.
Rod Millar, CEO of Likewize [Photo: LinkedIn]
Genstar Capital Acquires Majority Stake in North Texas Tech Protection Company Likewize
by Lance Murray | Oct 23, 2024
Southlake-based Likewize said the increased strategic investment from Genstar will allow it to focus on accelerating adoption of added value solutions such as AI-driven claims handling and expanded premium tech support. The company handles more than 250 million device issues a year, from warranty and repairs to upgrades and premium technical support.
by Lance Murray |
Oct 22, 2024
The $2.5 million Small Business Innovation Research (SBIR) grant awarded by the National Institute on Drug Abuse will fund the second phase of Sonara's Remote Observed Methadone Evaluation study, the company said.
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by Lance Murray |
Oct 22, 2024
Mo' Bettahs is a fast casual concept that serves what it calls "an authentic Hawaiian plate lunch." Both Savory Fund and Mo' Bettahs' founders—Hawaii-born brothers Kimo and Kalani Mack—will retain significant minority stakes in the company, which operates 56 stores across seven states.
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by Lance Murray |
Oct 22, 2024
With 2,000 employees across more than 40 offices and eight video monitoring centers, Addison-based Stealth Monitoring says it monitors more than 100,000 cameras every night, resulting in "the deterrence of more than 50,000 criminal activities, more than 1,000 arrests, and the analysis of roughly 70,000 customer videos annually."
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Flowserve president and CEO Scott Rowe [Photo: Flowserve]
Irving-Based Flowserve Completes $305M Acquisition of Houston’s MOGAS Industries
by Lance Murray | Oct 17, 2024
Flowserve said it used cash to fund the deal's purchase price of roughly $305 million, including the potential earnout. Operating in more than 50 countries, Flowserve is one of the world’s top providers of fluid motion and control products and services.
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by Lance Murray |
Oct 16, 2024
The company said it expects to begin operations in an existing hangar next year while building a second hangar that should be finished by 2027 to support its growing fleet of regional E-Jets.
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by Lance Murray |
Oct 15, 2024
Apex said the strategic acquisition will greatly enhance its digital investment solutions by incorporating FinTron’s customizable and embedded capabilities.
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by Lance Murray |
Oct 15, 2024
DataBank—which recently announced a planned 480MW data center campus south of Dallas—said the capital raise was oversubscribed and, in addition to the $1.5 billion from AustralianSuper, included another $483 million in commitments from "existing investors."
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Cypress Growth Capital Managing Director Vik Thapar (left) and Partner Vincent Hsieh
Cypress Growth Capital Doubles Down on North Texas Tech With Two New Investments
by Quincy Preston | Oct 9, 2024
The Dallas firm's latest bets: Airspace security and multi-vendor IT support. Cypress Growth Capital adds AirSight and Xcelocloud to its roster, boosting local innovation.
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by Lance Murray |
Oct 7, 2024
The move follows JBB's $12 billion sale of Tronic in March. Proteus is an international developer of utility-scale renewable energy. Its headquarters in Houston will move to JBB Advanced Technologies' headquarters in Carrollton, with all current employees being retained, and a branch office is planned for Lubbock, JBB said.
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by Lance Murray |
Oct 4, 2024
KPS Global, a leader throughout the food retail end market, has expanded significantly into the scientific and cold storage markets. Its new owner, Viessmann Generations Group, is a global, broadly diversified, and "purpose-driven" family company founded in 1917.
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by Lance Murray |
Oct 4, 2024
Davenforth, a joint family office, announced that it had also acquired Pennsylvania-based Third Generation, and as a result, is launching a new managed IT, voice, and networking platform that will service 21,500 users across 900 businesses.
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![Rockwall-based Patriot Paws, which helps veterans regain independence and find new purpose through life-changing partnerships with service dogs, received a $50,000 grant from the Texas Veteran's Commission on the TVC's Texas Tour on Wednesday. [Image: Screenshot April 2024 Patriot Paws video]](https://s24806.pcdn.co/wp-content/uploads/2024/09/Patriot-Paws-VideoScreenshot-2024-09-27-at-10.14.27 AM-940x436.png)
Rockwall-based Patriot Paws, which helps veterans regain independence and find new purpose through life-changing partnerships with service dogs, received a $50,000 grant from the Texas Veteran's Commission on the TVC's Texas Tour on Wednesday. [Image: Screenshot April 2024 Patriot Paws video]
$8.6 Million in State Grants Boost North Texas Veteran Services with Funding for Treatment Courts, Service Dogs, and More
by Quincy Preston | Oct 2, 2024
36 grants awarded to 32 organizations across North Texas will fuel services for veterans, including mental health counseling, home repairs, employment support, and more through organizations like Patriot PAWS, Meals on Wheels, Equest, Baylor Research Institute, and local governments.
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by Lance Murray |
Sep 30, 2024
Doma's underwriting division, Doma Title Insurance Inc., is now a wholly owned subsidiary of TRG. Doma's technology division, renamed Doma Technology LLC, will operate on a separately capitalized basis, the company said. TRG and Doma TechCo will operate as sister companies.
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by Lance Murray |
Sep 30, 2024
Electrochem focuses on non-medical applications for the energy, military, and environmental sectors. The deal follows the news of Integer's recent $60 million and $30 million manufacturing expansions in Ireland.
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by Lance Murray |
Sep 30, 2024
The acquisition by Fort Worth- and San Francisco-based private equity giant TPG is just part of a gamechanging multi-step deal—one that will see DirecTV merge with Dish Network into America's biggest pay-TV provider.
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