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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.
Charles Wetzel, the DFW-based CEO of Kalibrate [Photo: Kalibrate]
With CEO in North Texas, Global Location Intelligence Firm Kalibrate Acquires Houston’s IMST Corp.
by Lance Murray | Sep 17, 2024
U.K.-headquartered Kalibrate has an office in Irving and its CEO, Charles Wetzel, is DFW-based. IMST is an independent market research firm specializing in site selection, analysis, and sales forecasting for convenience stores and fuel stations.
by Lance Murray |
Sep 17, 2024
Baltimore-based Secretome has a presence at BioLabs at Pegasus Park in Dallas. The biotech company is at the forefront of developing "revolutionary solutions" aimed at harnessing the power of secretomes, naturally occurring molecules that promote healing and regeneration, HEST said.
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by Lance Murray |
Sep 17, 2024
With around $1 billion in assets under management, Qualitas Funds provides fund-of-funds, direct co-investing, and NAV financing opportunities in the European lower-middle market to more than 1,300 limited partners across the ultra-high-net-worth, family office, and institutional channels.
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by Lance Murray |
Sep 16, 2024
Health insurance products provider NCD said the deal joins two complementary companies to form an "unmatched" platform serving health consumers' comprehensive healthcare needs. As part of the transaction, Tenure Health Founder and CEO Bret Voith will join NCD as its chief strategy officer.
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Kyle Borgman, left, Global CEO of The Yadot Group; and Socials Dallas Founder Alexandre Peres [Photos: The Yadot Group/LinkedIn]
The Yadot Group to Acquire Experiential Agency Socials Dallas
by David Seeley and Lance Murray | Sep 16, 2024
The Yadot Group said the deal brings a niche group of "elite micro-influencer members" to improve digital traction within local markets for restaurants. Being part of Socials Dallas' membership of 0.2% of the city's population "offers an attractive level of prestige and distinction," the company added.
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by Lance Murray |
Sep 12, 2024
Co-Founder and CEO Stephanie Hanson said the seed round brings total investments in Gestalt to $8 million. With the additional capital, the company said it will be able to continue building out its solution, including bringing more components of its unified data ecosystem to market faster.
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by David Seeley |
Sep 11, 2024
Headquartered in Dallas with offices in 10 cities around the world, the PE firm said its latest commercial real estate firm will target opportunistic and value-add commercial real estate investments including direct commercial real estate equity, debt portfolios, and commercial real estate-related operating companies.
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by Lance Murray |
Sep 11, 2024
While terms of the deal were not disclosed, Reuters reported in August that Turn/River Capital was exploring a sale of Frisco-based Redwood—a global provider of automation fabric solutions—to other private equity firms in a deal that would value Redwood at $2.5 billion, including debt. The company serves more than 7,500 customers globally, including 28% of the Fortune 500 and 40% of the Fortune 50.
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[Sources: DonkeyWorx/istockphoto; DI Studio]
Plano-Based Illuma Labs Raises $9M Series A to Fuel Voice Verification Solutions for Banking Fraud
by Quincy Preston and David Seeley | Sep 10, 2024
Passive voice authentication "isn’t just for verifying customers," Illuma Founder and CEO Milind Borkar tells Dallas Innovates. Illuma's solutions address threats like fraud, voice cloning, and deep fakes, and he expects companies to use the tech "to combat the risk of help desk fraud that's exposed some major corporations to penetration of their IT systems."
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by Lance Murray |
Sep 9, 2024
The strategic acquisition grows ECI's distribution portfolio with "powerful technology" designed to support long-term needs and future growth plans for its commercial furniture dealer customers, ECI said.
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by Lance Murray |
Sep 9, 2024
Founder and CEO Richard Dix said the new capital investment "allows us to refocus our efforts on the single-family for-sale business and expand our homebuilding operations into more markets across North and Central Texas."
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by Lance Murray |
Sep 6, 2024
Texas Capital said it has agreed to acquire a portfolio of roughly $400 million in committed exposure to companies in the healthcare sector. Many of the companies in the portfolio are supported by sector-focused sponsors with "notable track records of value creation" and with whom Texas Capital has significant institutional knowledge, the firm added.
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Deposits Inc. CEO Joseph Akintolayo, left, and Ingo Payments CEO Drew Edwards [Sources: Deposits, Ingo, DI Studio]
Dallas-Based Deposits Inc. Snapped Up by Ingo Payments to Boost Modern Money Mobility for Banks and Brands
by Lance Murray | Sep 5, 2024
Ingo Payments’ acquisition of Deposits Inc. is set to fast-track the launch of its Modern Money Stack, a modular financial services platform designed to help banks, fintechs, and brands manage money flows, compliance, and risk in an evolving financial landscape.
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by David Seeley |
Sep 5, 2024
Four years after Callaway acquired Dallas-based Topgolf for $2.6 billion in a merger that formed Topgolf Callaway Brands, the joint twosome is coming to an end. The company plans to spin off Topgolf in 2025—with Callaway retaining its revolutionary Toptracer technology.
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by Quincy Preston and Lance Murray |
Sep 5, 2024
The acquisition by TPG, based in both Fort Worth and San Francisco, is set to accelerate MIRATECH's growth in emissions control and noise reduction technology for critical sectors like data centers and energy infrastructure, capitalizing on rising power demands and stricter global emissions standards.
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by David Seeley |
Sep 5, 2024
A year after fiber broadband giant Frontier Communications moved its HQ from Connecticut to Dallas, the company made even bigger news today with the announcement of its acquisition by New York-based Verizon—America's No. 1 wireless provider and a rival in fiber broadband delivery.
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