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’ Aldinger Co. Snaps Up OnCal for 2nd Acquisition in 2 Weeks

by | Jul 25, 2024
Aldinger CEO Joe Moser said OnCal's "unparalleled expertise in pipette calibration and commitment to precision and quality aligns perfectly with our values."
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Irving-Based Bioworld Merchandising Acquires Lifestyle and Accessories Brand Packed Party
by | Jul 25, 2024
“By leveraging our global reach and product expertise, we can create significant growth opportunities by scaling Packed Party’s offerings," Bioworld CEO Raj Malik said.
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The Last Word: Paul Quinn College President on a $20M Gift, the Largest in School’s 152‑Year History
by | Jul 25, 2024
Dallas' Paul Quinn College has received a $20 million gift from an anonymous donor, the largest in the institution's 152-year history. The gift will help fuel investments in a variety of programs for the college, which is credited as the creator of the Urban Work College model and is the only minority-serving, federally recognized Work College in America.
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Global Investment Firm D2 Launches Out of Dallas With Over $1B in Assets Under Management
by | Jul 23, 2024
Founded by industry veterans Ben and Luke Doramus, D2 Asset Management said it aims to generate "compelling returns" for its partners across real assets, specialty finance, and structured credit.
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Dallas’ Catalyze Partners Acquires Axcend, Whose Systems Let Scientists ‘Bring the Lab to the Sample’

by | Jul 22, 2024
“Our acquisition of the technology addresses a growing $5B market central to pharmaceuticals, environmental monitoring, chemical manufacturing, oil & gas production, and numerous other industries,” said Catalyze Partners' Tricia D’Cruz.
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Frisco’s Addus HomeCare Corp. Nets $176M From Stock Sale
by | Jul 18, 2024

Frisco-based home care provider Addus HomeCare Corp. has closed on an underwritten public offering of 1.725 million shares of its common stock. Addus said the net proceeds were roughly $176 million.

The offering included 225,000 shares of common stock sold pursuant to the exercise in full by the underwriters of their option to buy additional shares, at a public offering price of $108 per share....

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Dallas’ La La Land Kind Cafe Coffee Shop Chain Expands in Texas, California
by | Jul 18, 2024
The chain, known for "normalizing kindness" and hiring and mentoring foster kids, is opening locations in Fort Worth and Plano.
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Dallas-Based Digital Services Company Improving Acquires Imaginet, Expands North American Presence
by | Jul 18, 2024

Dallas-based digital service company Improving has acquired Imaginet, a technology firm specializing in Microsoft consulting and implementation, with offices in Winnipeg, Canada, and Dallas.

Improving said that the deal is expected to increase its annualized revenue to exceed $280 million and expand its expertise and reputation throughout North America....

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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’ Aldinger Company Acquires North Dakota-Based J&J Calibrations
by | Jul 17, 2024
Aldinger called the move a key milestone in its growth strategy, underscoring its dedication to delivering "top-tier quality calibration" across aerospace, automotive, manufacturing, and healthcare sectors.
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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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Dallas-Based CyrusOne Secures $9.7B Credit Facility To Fund Data Center Growth
by | Jul 10, 2024
CyrusOne—which operates over 55 data centers across the U.S. and Europe—said it has taken steps in the past year to further meet customer demand for AI while enhancing the company’s sustainability goals. It aims to tap the billions in new debt capital primarily to fund existing and future development projects in the U.S.
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