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’ Hunt Energy Network To Get $250M in Funding from Ontario-Based Manulife

by | Aug 8, 2024
"Over the past three years, our partnership with Manulife let us build a resilient network of dispatchable, distributed storage all across Texas," said Hunt Energy Network CEO Pat Wood. A Manulife leader said the partnership "will support the grid and allows us to drive innovation with a market leader in ERCOT."
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EDC Headhunter Merger: Dallas’ The PACE Group Teams With North Carolina’s Jorgensen Consulting
by | Aug 7, 2024
Known for their work in economic development, community development, and nonprofit, Jorgenson Pace will conduct high-level searches nationwide for leadership positions in economic development organizations, chambers of commerce, downtown development, government, and other not-for-profit organizations.
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Westlake-Based ECI Software Solutions Acquires Smart Manufacturing Software Co. ProfitKey
by | Aug 7, 2024
ECI—which has offices in the U.S., Canada, Mexico, the U.K., The Netherlands, and Australia—said the acquisition enhances its manufacturing software portfolio and further solidifies its commitment to supporting businesses within the industry.
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Surge Protection: Dallas’ CSW Industrials Acquires Virginia-Based PSP Products for $40M
by | Aug 7, 2024
The acquisition brings a family of superior surge protection and load management products to CSWI, the company said, adding that it funded the transaction with cash on hand and borrowings under its existing $500 million revolving credit facility.
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Overseeing $10B in Private Assets, Dallas’ Leon Capital Expands Access with iCapital Partners

by | Aug 6, 2024
Leon—a single-family office—said the collaboration marks a significant milestone for the firm, which until recently primarily utilized its balance sheet and only allowed co-investment from fellow single-family offices.
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Arlington-Based Aperture Acquires NOVUM Consulting Group
by | Aug 5, 2024
Aperture said NOVUM's experts have been engaged in more than 200 major IP litigation and complex business litigation matters, as well as advising clients in patent acquisitions/dispositions, licensing, valuation, and/or financing arrangements.
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Dallas’ Tenet Healthcare To Sell Five Alabama Hospitals for $910M
by | Aug 5, 2024
Five months after selling two California hospitals for $550 million, Tenet Healthcare has inked a deal to sell its 70% stake in five Birmingham hospitals to Florida's Orlando Health for around $910 million in cash, the company said.
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Dallas-Based Arcosa Acquires Stavola’s Construction Materials Business for $1.2 Billion
by | Aug 2, 2024
In an era of cloud-based software buyouts, this 10-figure deal is as down-to-earth as it gets. New Jersey-based Stavola specializes in aggregates and vertically integrated construction materials. It operates five hard rock natural aggregates quarries, 12 asphalt plants, and three recycled aggregates sites, primarily serving the New York-New Jersey metro area.
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DFW Business Valuation Firm ValueScope Merges with L.A.’s Marshall & Stevens

by | Aug 1, 2024
Southlake-based ValueScope is the fifth such firm to merge with Marshall & Stevens since March 2023. The L.A.-based company was founded in 1932 during the Great Depression.
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Dallas’ Inferno Capital Group Snags Stake in Digital Marketing Agency Brand Sharks
by | Jul 29, 2024
Inferno's portfolio includes verticals in oil & gas, energy, solar, and the digital world. Now it's added a marketing agency founded in March by a 21-year-old Instagram influencer with 1.7 million followers.
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Irving-Based Grace Hill Acquires The Shadow Agency to Leverage ‘Mystery Shopping’ Expertise

by | Jul 26, 2024
Mystery shopping involves the use of undercover shoppers to secretly evaluate a business's customer service. The procedure captures valuable data about the customer shopping experience across several industries and can include recorded telephone shopping, onsite evaluations, and more.
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Dallas-Based American Restoration Acquired by Morgan Stanley Capital Partners
by | Jul 26, 2024
American Restoration is a provider of residential and commercial property mitigation and restoration services. MSCP said it's partnering with the current management team led by CEO Dan Tarantin, who will continue to lead the business.
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Dallas-Based Aletheia Media & Marketing Aquires AI Platform Pluralytics
by | Jul 25, 2024
Aletheia said Minnesota-based Pluralytics' groundbreaking SaaS platform uses principles of behavioral science and AI to pinpoint consumers' key values and priorities that inspire their purchases.
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