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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.
A coworking space at Industrious Seattle. [Photo: Industrious]
CBRE Group To Acquire NYC-Based Coworking Company Industrious, Valuing It at $800M
by Lance Murray | Jan 14, 2025
Dallas-based CBRE had previously invested in Industrious—a flexible workspace provider with more than 200 units across over 65 cities—through a roughly 40% equity interest and a $100 million convertible note. CBRE said it will acquire the remaining equity stake in Industrious for around $400 million.
by Lance Murray |
Jan 13, 2025
Motorola Solutions has agreed to buy Richardson-based Theatro Labs Inc., a maker of AI and voice-controlled communication and digital workflow software for frontline workers.
“For more than a decade, we have been passionate about innovating for frontline workers,” Theatro President and CEO Chris Todd said in a statement....
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by Lance Murray |
Jan 10, 2025
The North Central Texas Council of Governments and the Dallas Independent School District have received grants totaling more than $62 million to help buy 244 zero-emission vehicles via the Environmental Protection Agency’s first-ever Clean Heavy-Duty Vehicles Grant Program....
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by Lance Murray |
Jan 9, 2025
The combination of JCPenney with entities including the parent of brands Aéropostale, Brooks Brothers, Eddie Bauer, and more will be based in Plano and have $9 billion in revenue, 1,800 stores, and 60,000 employees.
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[Image: sudok1/istockphoto]
Alpha Cognition Inks $44M Deal With China’s CMS to License Alzheimer’s Drug in Asia and Beyond
by David Seeley | Jan 9, 2025
Alpha Cognition’s Alzheimer’s oral therapy ZUNVEYL, FDA-approved in July, targets U.S. launch in Q1 2025 as the company boosts its commercialization team with five new hires.
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by Lance Murray |
Jan 8, 2025
Berkley Simmons, an operating partner since Greenridge Growth Partners’ 2023 investment, becomes CEO of ServiceMinder as founder John Keene transitions to Chief Technology Officer to focus on product innovation.
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by Lance Murray |
Jan 8, 2025
Aperture is a full-service national provider of forensic expert witness services, providing accident reconstruction, premises liability, biomechanical and human factor analysis, construction disputes, and commercial litigation services.
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by Lance Murray |
Jan 7, 2025
Stellar Blu Solutions, headquartered at Perot Field Fort Worth Alliance Airport, develops cutting-edge connectivity, network, and avionics solutions for next-generation satellite networks.
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Left to right: Mili Co-Founders Chirag Gandhi (CEO), Siddharth Bulia (CTO), and Vennela Miryala (CPO). [Photo: Mili]
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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by Lance Murray |
Jan 2, 2025
In an all-cash deal valued at more than $57 million, Garland’s Micropac Industries Inc. and California-based Teledyne Technologies Inc. have completed a previously announced merger of Micropac with a wholly owned subsidiary of Teledyne.
Under the terms of the agreement, which was announced in early November, Micropac becomes a wholly owned Teledyne subsidiary....
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Products from The Citizenry inside a Container Store location in 2023. [Photo: The Container Store]
After Filing for Chapter 11 Bankruptcy, North Texas’ The Container Store Says, ‘We’re Here To Stay’
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. 22.
Long known as a staple in home organizing solutions, The Container Store said it made the move to maintain operations without disruptions to customers or vendors....
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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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by Lance Murray |
Dec 19, 2024
Chris Lamon will continue leading the water storage solutions provider as president and CEO alongside the existing management team, which has retained a minority stake.
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