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’ EXA Capital Acquires New Zealand-Based Lease Management Platform Company

by | Jul 18, 2024

Dallas-based EXA Capital, strategic operators and investors in growing vertical market software companies, has acquired Nomos One, a New Zealand-based lease management and lease accounting SaaS platform.

“Nomos One’s innovative approach to lease management and lease accounting aligns perfectly with our vision for the future growth of our companies,” Omer Sajid, Founder and CEO of EXA Capital, said in a statement....

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Irving-Based IT Convergence Acquires Indianapolis Tech Consulting Firm
by | Jul 18, 2024

IT Convergence, the Irving-based provider of enterprise applications, cloud consulting & managed services, has acquired Indianapolis-based Prophet One, a management & technology consulting firm that provides insight and solutions to maximize enterprise application outcomes for customers.

IT Convergence (ITC) said the strategic acquisition marks a significant milestone in its expansion strategy and underscores its commitment to enhancing its capabilities and offering innovative technology solutions to a broader client base across JD Edwards and PeopleSoft applications....

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Irving’s Heidelberg Materials Selected by the EPA for Up to $5M Environmental Project
by | Jul 18, 2024
Heidelberg also recently announced two acquisitions in North Texas and Greater Philadelphia for a total of roughly $380 million.
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North Texas’ Solera Corp. Files Paperwork for IPO; Seeks $10-13 Billion Valuation, per Bloomberg
by | Jul 18, 2024

Solera Corp., the Westlake-based global provider of SaaS solutions for the vehicle lifecycle ecosystem, announced in late June that it has filed a registration statement with the U.S....

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Dallas Biotech Secures $50M Series D Funding To Combat Rare Hidden Killer in Joint Replacements

by | Jul 16, 2024
The $50 million funding will support the commercial launch of Osteal Therapeutics' pioneering combination drug/device therapy targeting biofilm infections, which are notoriously difficult to eradicate.
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Dallas’ Ehvert Mission Critical Merges with California Company To Meet Hyperscale Data Center Demand
by | Jul 16, 2024
The merger creates a combined presence of over 3,600 team members in more than 90 offices around the world. Ehvert said the combination leverages its advanced engineering services, underpinned by "industry-leading virtual design and construction expertise," specifically around hyperscale data centers.
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Arlington-Based Aperture Acquires Wisconsin IP and Commercial Litigation Services Firm The BERO Group
by | Jul 15, 2024
Aperture LLC, a portfolio company of Dallas-based Trinity Hunt Partners, said The BERO Group is "well known" in the forensic expert industry for presenting, instructing, and writing articles on topics including intangible assets, IP damages, working with experts, and various accounting issues.
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Fort Worth’s SmartAction, Provider of AI‑Powered Virtual Agents to Contact Centers, Is Acquired by St. Louis Company
by | Jul 12, 2024
Launched in 2009 out of a small apartment near L.A., SmartAction has grown into an industry leader providing AI-powered virtual agents to contact centers via its NOVA platform.
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Revolution Sustainable Solutions Acquires Wisconsin-Based Films Producer

by | Jul 10, 2024
Revolution—which is headquartered in Little Rock and has a strong North Texas presence—said its acquisition of Norflex Inc. brings with it the well-regarded Agriseal silage wrap, a product that "perfectly complements" Revolution’s existing portfolio of sustainable agriculture solutions.
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Irving-Based IT Services Provider Zthernet Acquired by Nashville’s CloudScale365
by | Jul 9, 2024
Zthernet said its expertise in providing flat-fee managed IT services for small businesses, including network management, cybersecurity, cloud services, and IT support, will complement CloudScale365's comprehensive service offerings.
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Dallas-Based Ryan To Acquire Altus Group’s Property Tax Services Business for Over $500M
by | Jul 9, 2024
The acquisition of Altus offerings in the U.S., Canada, and Europe will provide local expertise "powered by industry-leading technologies,” said Ryan CEO G. Brint Ryan—including "robust" data analytics, PropTech software solutions, and "Reonomy" property intelligence.
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Lewisville-Based Caliber Auto Care and Its 33 Texas Locations Acquired by Arizona’s SunAuto
by | Jul 8, 2024

Mesa, Arizona-based Sun Auto Tire & Service has acquired 33 Caliber Auto Care locations throughout the state of Texas, including 16 in Dallas, building on its investment in Texas, the company announced in June.

Caliber is headquartered in Lewisville.

Sun Auto said the acquisition reinforces its dedication to excellence and its values-centered approach across its rapidly growing national footprint....

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The Last Word: Neiman Marcus Group CEO on Neiman’s $2.65B Acquisition by Saks Fifth Avenue Parent HBC

by | Jul 8, 2024
Last week's earthquake luxury retail news caused ripples from Dallas to New York and beyond. Saks Fifth Avenue parent company HBC is acquiring Neiman Marcus Group for $2.65 billion, establishing a new "technology-powered" luxury retail company called Saks Global. And Amazon is a key partner in the deal—along with being an investor, it will work with Saks Global "to innovate on behalf of customers and brands partners following the close of the transaction," the companies said.
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