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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.
David Stinnett, partner at Trive Capital [Image: Trive Capital]
Dallas-Based Trive Capital Invests in UK Forgings and Alloy Manufacturer Following Karman $506M IPO
by Quincy Preston | Feb 27, 2025
After defense and space systems maker Karman Holdings—formed by Trive Capital in partnership with Aerospace Engineering Corp. and AMRO Fabricating Corporation in 2021—went public earlier this month, the PE firm remains its largest shareholder. Now, Trive is expanding its aerospace and defense portfolio with UK-based IFA.
by Lance Murray |
Feb 26, 2025
EXA Capital said the acquisition strengthens its presence in the healthcare technology sector and expands its portfolio into the critical space of care management solutions.
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by Lance Murray |
Feb 19, 2025
Brother's Bond Bourbon was founded by on-screen brothers, whiskey makers, and real-life friends Ian Somerhalder (The Vampire Diaries, Lost) and Paul Wesley (The Vampire Diaries, Star Trek: Strange New Worlds).
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by David Seeley |
Feb 19, 2025
Here's an oil & gas deal so big, it would even raise eyebrows on the hit Paramount+ series "Landman." The acquisition by Midland-based Diamondback Energy includes around 40,000 net acres that Diamondback CEO Travis Stice called "the most attractive asset remaining in the Midland basin."
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The Arlington company has trained millions of drivers across 100 countries since 1952, and now adds real-time performance monitoring to its global safety programs.
Smith System Buys UK Tech Firm to Link Fleet Driver Training with Real-Time Performance Data
by Lance Murray | Feb 17, 2025
The Arlington company has trained millions of drivers across 100 countries since 1952, and now adds real-time performance monitoring to its global safety programs.
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by Lance Murray |
Feb 15, 2025
Arlington-based energy exploration and production company U.S. Energy Development Corp. has closed a new $165 million revolving credit facility, which could expand to $500 million, providing fresh capital for strategic growth.
The announcement follows USEDC’s recent commitment to deploying up to $1 billion in new projects in the Permian Basin in 2025, building on what the company calls a “record-breaking year” in 2024....
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by Lance Murray |
Feb 13, 2025
ParkHub said it will incorporate ElimiWait’s innovative valet management tools—including Valet Mate, a contactless, paperless end-to-end mobile valet solution, and a Request Ahead platform—into its suite of offerings.
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by Lance Murray |
Feb 12, 2025
Founded in 2010 by CEO David Michel, Catapult Health offers an at-home wellness exam featuring everything members need to collect a blood sample, check blood pressure, and provide other health screening information, followed by a virtual visit with a licensed nurse practitioner.
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Craft Partner Jeremy Merle (left) and Verndale CEO Chris Pisapia [Photos: Craft/Verndale]
Dallas’ Trinity Hunt Partners Embraces Digital CX Services via Majority Stakes in Two Companies
by Lance Murray | Feb 12, 2025
“We have been working to build a platform at the intersection of technology and marketing services in this growing and highly fragmented industry for several years,” Trinity Hunt Partner George Morgan says.
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by Lance Murray |
Feb 11, 2025
The Hunt Energy Enterprises' spinout founded in 2019 says it has developed a cost-effective means to produce single-crystalline cathode active materials for lithium-ion batteries.
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by Lance Murray |
Feb 9, 2025
Dallas-based distribution company Building Controls & Solutions has been acquired by Platte River Equity, a Denver private equity firm. The seller was Fort Worth-based LKCM Headwaters Investments, which founded BCS in 2019.
Terms of the deal weren’t disclosed.
Platte River makes control investments in North American industrial companies.
BCS, which has 24 branches across the United States and Canada, is a value-added distributor of building controls, automation, gas detection, and energy management solutions for commercial buildings....
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by Lance Murray |
Feb 6, 2025
Soleo provides high-touch specialty pharmacy and infusion services to over 22,000 patients annually nationwide via a network of specialty home infusion pharmacies and ambulatory infusion suites.
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2025 Rainwater Prize winners Dr. Kaj Blennow and Dr. Bess Frost [Photos: Rainwater Charitable Foundation]
Fort Worth’s Rainwater Charitable Foundation Awards $600K to 2 Neurodegenerative Disease Researchers
by David Seeley | Feb 6, 2025
The foundation's annual Rainwater Prizes honor researchers worldwide who are advancing discoveries for diseases caused by tau protein accumulations in the brain. This year's winners include a professor at the University of Gothenburg in Sweden and an Early-Career Scientist honoree at Brown University.
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by Lance Murray |
Feb 5, 2025
Along with the addition of CEO Peter Miele and CMO Greg Pope—both former Thomson Reuters executives—the funding round will accelerate Qount’s growth and its investments in AI to continue automating practice management and service delivery workflows, the company said.
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by Lance Murray |
Feb 5, 2025
The creator of the AI-led intelligent automation platform Krista had announced a $15 million equity round in 2022 tied to its Series A. The new funding is slated for R&D, advancing Krista’s AI capabilities, and strengthening its market position globally, the company said.
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by Lance Murray |
Feb 4, 2025
McKesson said it will acquire an 80% interest in the provider of general ophthalmology and retina management services. PRISM Vision physicians will continue to retain a 20% interest in their company.
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