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. 

 

Trive Capital Invests in Dallas-Based Formula Wellness, Which Gains New CEO and CFO

by | Mar 21, 2024
Formula Wellness takes a personalized approach to wellness, with key services across nutrition, hormone balance, and aesthetics with the goal of "improving patient longevity inside and out."
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Japanese Life Insurance Co. Acquires Nearly 20% of Dallas Global Investment Manager Canyon Partners
by | Mar 21, 2024
Canyon Partners said that all of the net proceeds from the transaction will be retained on its balance sheet and reinvested in the business, providing funding to seed new products and optimally scale existing products.
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Fort Worth-Based Bell Wins $455M Navy Contract for 12 Viper Helicopters for Nigeria
by | Mar 21, 2024
The Defense Post said the Vipers are expected to enhance Nigeria’s air defense capabilities and help uphold regional stability once delivered.
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Dallas’ ParkHub and U.K.’s JustPark To Merge Alongside Strategic Growth Investment

by | Mar 21, 2024
The merger will create a full-service parking software and payments solution for customers across North America and the U.K. Together, ParkHub and JustPark serve more than 20 million drivers and more than 500 B2B customers, representing more than $1 billion in booking volume.
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Jerry Jones Makes Additional $100M Investment in Frisco-Based Natural Gas Producer Comstock Resources
by | Mar 21, 2024
Jones, who's already the majority shareholder in Comstock Resources, has agreed to make an additional $100.45 million equity investment in the company via two entities he controls.
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Spinning Success: Dallas Startup Tuned In Grading Acquired by Music Mogul Steve Aoki Just Two Years Post-Launch
by | Mar 18, 2024
With bootstrap funding of less than $500,000 and a passion for vinyl, Rogers Healy and his co-founders at Tuned In Grading revolutionized music collectible authentication. Now, the beat goes on as the company prepares to merge with Steve Aoki's Audio Media Grading
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Dallas-Based Arcosa to Acquire Ameron Pole Products for $180M in Cash, Expanding Infrastructure Offerings

by | Mar 13, 2024

Arcosa Inc., a Dallas-based provider of infrastructure-related products and solutions, will acquire Ameron Pole Products LLC from NOV Inc. for $180 million in cash.

Arcosa President and CEO Antonio Carrillo said the acquisition of Ameron is “an excellent strategic fit” as the company continues to “effectively deploy capital into Arcosa’s growth businesses.”...

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Southlake’s Gauge Capital Closes $1.4 Billion Oversubscribed Fourth Fund
by | Mar 13, 2024

Gauge Capital, a middle-market private equity firm based in Southlake, Texas, has announced the successful closing of its fourth fund, which was oversubscribed with roughly $1.4 billion in commitments....

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North Texas’ JBB Advanced Technologies Sells Tronic in $12B Deal
by | Mar 13, 2024
The stratospheric deal for the Web3 digital marketing innovator was announced by John B. Billingsley, chairman and CEO of Carollton-based JBB Advanced Technologies, and attorney and business investor Christina Marshall, owner of Tronic Ventures. It comes two years after Billingsley sold his renewables-focused Tri Global Energy for $270 million.
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Dallas-Based Flip Flip Icon Hari Mari Raises $10M to Step Up Growth and Become a Household Name

After dipping its toes into brick-and-mortar with a Dallas store on Knox Street, the premium sandal brand is now focused squarely on e-commerce and wholesale. Thanks to the new equity round, led by Riveron Founder and former CEO Landon Smith, Hari Mari aims to take a big step forward.
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The Last Word: Sloan Capital’s John Sloan on the Sale of Dallas’ 117-Year-Old AC Horn to German Company
Dallas-based M&A advisory firm Sloan Capital advised the 117-year-old Dallas company AC Horn in its late-February sale to Probat Inc., the U.S. subsidiary of Germany-based Probat S. 
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Fort Worth’s North American Rail Solutions Acquires West Rail Construction
by | Mar 6, 2024
"The Northwest United States is an important territory for American Track and West Rail Construction is the premier rail service provider and operator in that geography," said Thomas Lucario, CEO of North American Rail Solutions.
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In Joint Venture with Digital Realty, Mitsubishi Is Paying $265M for 65% Interest in Two Dallas-Area Data Centers
by | Mar 4, 2024
The joint venture with Austin-based Digital Realty, which has an office in Dallas, is for two data centers that are "100% pre-leased to an S&P 100 investment grade customer on a long-term basis," said Digital Realty—which is maintaining 35% interest in the projects.
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