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. 

 

Accenture Snaps Up North Texas’ Award Solutions

by | Dec 18, 2024

Plano-based Award Solutions, a provider of training and consulting services in advanced wireless and network technologies, has been acquired by Dublin, Ireland-based professional services company Accenture.

Terms of the deal were not disclosed. Award Solutions, founded in 1997, has employees in Las Cruces, New Mexico; Branson, Missouri; San Diego, California; and Bangalore, India....

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North Texas’ Unified Power Acquired by California’s Pearce Services
by | Dec 17, 2024
With more than 3,500 employees, the combination of Terrell-based Unified Power and California's Pearce Solutions creates one of the leading independent service providers for power continuity solutions in the United States, the companies said.
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Dallas Venture Capital Invests in Palo Alto-Based Fiddler AI’s $50M Series B Round
by | Dec 16, 2024
Palo Alto, California-based Fiddler AI said its $18.6 million Series B extension brings the round's total funding to $50 million. The company said the funds will help it "continue to build momentum in AI observability and AI safety."
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North Texas’ Upbound Group To Acquire NYC Health FinTech Brigit in Up to $460M Deal
by | Dec 16, 2024
Upbound—parent company of Rent-A-Center and Acima—called the deal "a logical next step" reflecting its strategic focus on expanding its tech-driven financial solutions for consumers who are underserved by the traditional financial system.
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Plano-Based Uptiq.AI Acquires UpSwot to Bolster Enterprise AI Platform

by | Dec 11, 2024
Uptiq.AI said the acquisition significantly enhances its ability to deliver innovative, AI-driven applications tailored to the needs of wealth management firms, banks, credit unions, fintechs, and non-bank organizations.
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Lighthouse Announces $370M Growth Investment Led by KKR
by | Dec 10, 2024
London-based Lighthouse, a commercial intelligence platform for the $15 billion travel and hospitality technology market, said proceeds from the investment will help expand its "significant presence" in Grapevine, among other endeavors.
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Fair Park’s Planned Community Park Gets $8.6M Grant from the National Park Service
by | Dec 9, 2024
The $8.6 million grant has been awarded to the city of Dallas on behalf of Fair Park First and the Community Park and will be distributed through the National Park Service’s Land and Water Conservation Fund’s Outdoor Recreation Legacy Partnership Program.
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U.S. Navy Awards Raytheon Additional $590M for Next-Generation Jammer System

by | Dec 9, 2024
The "revolutionary" airborne electronic attack system is slated to be deployed on carrier-based Boeing Growler jets. Work under the contract will take place in McKinney and three other U.S. cities, Raytheon parent RTX said.
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Irving’s United Development Funding IV to be Acquired by NYSE-Listed Ready Capital
by | Dec 5, 2024
United Development Funding IV provides capital solutions to residential real estate developers and regional homebuilders.
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Dallas Entrepreneur Seeks to Build Nationwide Compounding Pharmacy Network
by | Dec 5, 2024
Qualthera, a new company founded by entrepreneur Donald Prentiss, has made its first acquisition—Central Drug in Victoria, Texas—and set its sights on Dallas for its second. Prentiss sees an opportunity in the shifting pharmacy landscape, where changes, including downsizing by large chains, have created service gaps that independent pharmacies could fill.
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Dallas’ Lone Star Funds Closes $3B Acquisition of Carrier’s Commercial and Residential Fire Business
by | Dec 4, 2024
As a result of the transaction, the business will now operate as an independent company under the new name Kidde Global Solutions, Lone Star said.
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Dallas’ Gig Wage Relaunches, Raises Additional $8.25M for Series A Extension

by | Dec 3, 2024
After rebuilding its platform and returning funds in the wake of the Synapse/Evolve Bank debacle, the payments platform for the gig economy announced new funding from Discover, Motley Fool, and Chartline Capital Partners, among others.
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The Last Word: State Rep. Capriglione on Y’all Street, Digital Assets, and a Texas Bitcoin Reserve
by | Nov 22, 2024

“It’s destined to happen somewhere. I’d rather it happen here first.”

Giovanni Capriglione
Texas State Representative
Chair, Pensions, Investments, and Financial Services Committee
…on the potential for Texas to create a Bitcoin strategic reserve ahead of federal initiatives, speaking at the Texas Blockchain Summit in Dallas this week....

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Dallas’ Forte Biosciences Announces $53M Private Placement From Leading Healthcare Investors
by | Nov 21, 2024
Headquartered at Dallas' Pegasus Park, Forte Biosciences is developing a proprietary molecule with potentially broad autoimmune and autoimmune-related applications.
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Dallas’ Invitation Homes Announces $200M Joint Venture to Acquire Newly Constructed Homes as Rentals
by | Nov 20, 2024
Invitation Homes said the joint venture is ultimately expected to deploy roughly $500 million, including debt, to acquire newly constructed homes. The single-family home leasing and management company plans to invest in newly constructed homes and communities in "several high-growth markets."
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