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. 

 

North Texas-Based Lime Media Group Acquires Turtle Transit Inbox

by | Apr 6, 2024

Rockwall-based Lime Media has acquired award-winning mobile builder Turtle Transit, in a deal that creates the event industry’s largest mobile marketing partner.

Both companies focus on wrapping vehicles with branding imagery for regional and national brands:

The companies said that the deal combines Lime—known for its speed, efficiency, quality work, and fleet of 175 mobile vehicles—and Hudson, Massachusetts-based Turtle, one of the most creative custom mobile vehicle design shops of the last 20 years....

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Dallas’ Leeward Energy Launches Operations at Huge South Texas Solar Project
by | Apr 4, 2024
The 200-MW project will provide Verizon Communications with renewable energy under a previously announced agreement. Avoided greenhouse gas emissions over the project's lifespan are estimated to be equivalent to "powering 1.2 million Texan households."
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Fort Worth’s TPG To Acquire Atlanta-based Classic Collision
by | Apr 4, 2024

Global alternative asset management firm TPG is acquiring Atlanta-based Classic Collision, a leading, national collision repair multi-site operator.

TPG is based in Fort Worth and San Francisco. Classic Collision has a location in Grapevine.

“Today’s announcement is an exciting milestone for Classic Collision and a great testament to the strength of our team and our collective commitment to providing the highest quality service with integrity,” Classic Collision CEO Toan Nguyen said in a statement....

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Align Capital Partners Establishes Specialty Tax Platform via 2 Acquisitions
by | Apr 4, 2024

Dallas and Cleveland-based Align Capital Partners announced the formation of a specialty tax consulting platform with the acquisitions of Baton Rouge, Louisiana-based Cost Segregation Services Inc. (CSSI) and TaxIncennovations LLC.

Allied Capital Partners’ core services lines include cost segregation, research & development tax credits, and energy efficiency tax credit consulting services....

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North Texas-Based Massimo Group Launches $5.85M IPO

by | Apr 2, 2024
Massimo Group, a Garland-based powersport vehicle company, said the IPO's proceeds are earmarked for several strategic initiatives aimed at expanding its business, including new products and electric vehicle-related technology.
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Dallas-Based Arctos Raises Over $4B to Invest in Sports Teams, Leagues
by | Apr 2, 2024
The private investment firm said its Arctos Sports Partners Fund II has already been 30% deployed in investments in entities that own the Utah Jazz, New Jersey Devils, Philadelphia 76ers, the Paris Saint-Germain soccer team, and the Aston Martin Aramco Formula One Team.
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Dallas’ Crow Holdings Snaps Up Six-State Manufactured Housing Portfolio, Plans $30M Improvements
by | Apr 1, 2024

Crow Holdings, a Dallas-based national real estate investment and development firm, recently announced acquired the acquisition of a privately owned 46-property, 9,838-pad, all-age manufactured housing portfolio across Ohio, Missouri, Illinois, Indiana, Montana, and Florida....

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Southwest Airlines Acquires SAFFiRE Renewables for Its New Renewable Ventures Portfolio

by | Apr 1, 2024
SAFFiRE is part of a project supported by the Department of Energy to develop and produce scalable renewable ethanol that can be upgraded into sustainable aviation fuel. It all begins with "corn stover"—a widely available agricultural residue feedstock.
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Dallas’ One Network Enterprises Acquired for $839M by Arizona-Based Blue Yonder
by | Mar 29, 2024
One Network's solutions help everyone from Tom Thumb to the U.S. Navy gain end-to-end visibility and control over their supply chains. Founder and chairman Greg Brady says the company's acquisition by Blue Yonder will form "a backbone" of the "new supply chain of the future."
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North Texas-Based Blockhouse Digital Raises $2M To Launch Crypto Asset Management Firm
by | Mar 28, 2024

Asset management firm Blockhouse Digital, which has an office in Frisco, has completed a $2 million seed funding round including investments from strategic partners such as its institutional OTC partner BlockFills along with significant contributions from various angel and VC investors....

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Gearbox founder Randy Pitchford launched the company in 1999, It's getting bought by global games giant Embracer.
Frisco-Based Video Game Maker Gearbox Acquired for $460M
by | Mar 28, 2024
Less than three years after being acquired by Sweden's Embracer Group in a deal valued at up to $1.3 billion, Gearbox has a new, NYC-based owner in Take-Two Interactive.
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Alternative Wealth Partners Launches Second Fund Targeting $150M for Energy, Manufacturing, Real Estate, and Infrastructure Projects

by | Mar 27, 2024
The daughter of a fifth-generation oil and gas family, AWP Founder and CEO Kelly Ann Winget doesn't believe in putting all your eggs in one basket. AWP's new PE fund continues the firm's commitment to diversification strategies—and could help give the buzzworthy founder an even bigger spotlight.
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Irving-Based Heidelberg Materials Could Get Up to $500M DOE Funding for Cement Plant Decarbonization
by | Mar 26, 2024
Heidelberg said the project is aimed at advancing decarbonization efforts at its new "state-of-the-art" cement plant in Mitchell, Indiana. The funding will help create "the first full-scale deployment of carbon capture and storage on a cement plant in the U.S.," says CEO Chris Ward.
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Leadership Transition at Renibus Therapeutics: Co-Founder Appointed as Sole CEO
by | Mar 22, 2024
Jeffrey Keyser, co-founder and former Co-CEO of Renibus, steps into the role of president and CEO. Bolstered by an expanded Series B funding round in 2023 and a promising lead drug candidate, it signals a new chapter for the Southlake-based biopharmaceutical firm.
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