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. 

 

Dallas-Based GetChkd Gets $1.7M AFWERX Contract To Advance Defense Dept. Blockchain Adoption

by | Aug 20, 2024
The goal: accelerating the defense-focused small business experience via faster proposal-to-award timelines. GetChkd said its blockchain infrastructure platform revolutionizes system connectivity, enforces user-specific mappings, and ensures immutable audit trails for every action.
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Dallas’ Platinum Parking Acquired by Denver’s The Broe Group and New York’s Hudson Valley Trust
by | Aug 19, 2024
Platinum Parking started in Dallas in 2000 with just one location, but has grown to more than 300 facilities in the U.S. and Canada with over 100,000 parking spaces and more than 500 staff members.
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Texas Instruments Gets Up to $1.6B in Federal CHIPS Funding for Semiconductor Plants in North Texas and Utah
by | Aug 16, 2024
The funding from the U.S. Commerce Department will support the construction of two semiconductor wafer fabrication plants in Sherman, 40 miles north of Dallas—part of TI's $30 billion, four "fab" project in the city. It will also support the buildout of another TI fab plant in Lehi, Utah.
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Google To Invest More than $1B in Texas This Year To Support Its Cloud & Data Center Infrastructure
by | Aug 15, 2024
Google's "Dallas cloud region," first announced in 2022, includes sprawling data center campuses in the North Texas cities of Midlothian and Red Oak. At a press conference in Midlothian, the company announced an additional $1 billion investment in Texas, for a total of over $2.7 billion invested in the state to date.
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North Texas-Based Inovar Packaging Acquires Ohio’s The Kennedy Group

by | Aug 14, 2024
Inovar Packaging Group is known for producing innovative prime labels, shrink sleeves, and extended content solutions to some of the nation's top brands. The Kennedy Group is a 50-year-old label and packaging platform with facilities in Ohio and Pennsylvania.
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Plano-Based Nobl Q Acquires Advanced-Tech Florida Software Developer
by | Aug 13, 2024
Nobl Q said that integrating Propel's "advanced capabilities and innovative solutions" into its suite of services is expected to provide "great value" to clients, fostering enhanced digital transformation initiatives and business growth beyond the traditional scope.
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Lincoln Property Co. Invests in Centennial, the Dallas-Based Nat’l Retail Real Estate Company
by | Aug 13, 2024
Centennial operates more than 23 million square feet of retail and mixed-use properties in premier markets across 18 states, with roughly 300 employees nationwide. The partnership provides Centennial with the capital and resources to accelerate its national expansion while positioning Lincoln for new mixed-use development opportunities.
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Dallas’ Aldinger Company Acquires Third Calibration Firm in 30 Days
by | Aug 12, 2024
Within a month of acquiring OnCal and J&J Calibrations, Aldinger has snapped up Ohio's OCS Technologies, a fourth-generation family business that provides precision calibration and testing services, serving such sectors as aerospace, defense, manufacturing, and pharmaceuticals.
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Dallas Investment Banking Group Estrada Hinojosa & Co. Acquired by Texas Regional Bank

by | Aug 8, 2024
Texas Regional Bank said its acquisition of Estrada Hinojosa will add more than 50 people to the TRB team with offices in Dallas, Houston, San Antonio, Austin, Edinburg, Miami, Chicago, Denver, and New York City.
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Dallas’ Hunt Energy Network To Get $250M in Funding from Ontario-Based Manulife
by | Aug 8, 2024
"Over the past three years, our partnership with Manulife let us build a resilient network of dispatchable, distributed storage all across Texas," said Hunt Energy Network CEO Pat Wood. A Manulife leader said the partnership "will support the grid and allows us to drive innovation with a market leader in ERCOT."
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EDC Headhunter Merger: Dallas’ The PACE Group Teams With North Carolina’s Jorgensen Consulting
by | Aug 7, 2024
Known for their work in economic development, community development, and nonprofit, Jorgenson Pace will conduct high-level searches nationwide for leadership positions in economic development organizations, chambers of commerce, downtown development, government, and other not-for-profit organizations.
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Westlake-Based ECI Software Solutions Acquires Smart Manufacturing Software Co. ProfitKey
by | Aug 7, 2024
ECI—which has offices in the U.S., Canada, Mexico, the U.K., The Netherlands, and Australia—said the acquisition enhances its manufacturing software portfolio and further solidifies its commitment to supporting businesses within the industry.
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Fort Worth’s Energy Domain Closes $5M Series A Round as It Works to Finalize Oil & Gas Data Platform

by | Aug 7, 2024
Aiming to revolutionize the oil and gas asset transaction process with its online marketplace, Energy Domain has facilitated over 200 transactions since 2021. With new offices in Fort Worth's Cattle Raisers Building, it's now eyeing growth as it finalizes its second platform, Energy Domain Data.
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Overseeing $10B in Private Assets, Dallas’ Leon Capital Expands Access with iCapital Partners
by | Aug 6, 2024
Leon—a single-family office—said the collaboration marks a significant milestone for the firm, which until recently primarily utilized its balance sheet and only allowed co-investment from fellow single-family offices.
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Arlington-Based Aperture Acquires NOVUM Consulting Group
by | Aug 5, 2024
Aperture said NOVUM's experts have been engaged in more than 200 major IP litigation and complex business litigation matters, as well as advising clients in patent acquisitions/dispositions, licensing, valuation, and/or financing arrangements.
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Dallas’ Tenet Healthcare To Sell Five Alabama Hospitals for $910M
by | Aug 5, 2024
Five months after selling two California hospitals for $550 million, Tenet Healthcare has inked a deal to sell its 70% stake in five Birmingham hospitals to Florida's Orlando Health for around $910 million in cash, the company said.
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