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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.
[Image: Contributor via iStock]
Irving-Based IT Services Provider Zthernet Acquired by Nashville’s CloudScale365
by Lance Murray | Jul 9, 2024
Zthernet said its expertise in providing flat-fee managed IT services for small businesses, including network management, cybersecurity, cloud services, and IT support, will complement CloudScale365's comprehensive service offerings.
by Lance Murray |
Jul 9, 2024
The acquisition of Altus offerings in the U.S., Canada, and Europe will provide local expertise "powered by industry-leading technologies,” said Ryan CEO G. Brint Ryan—including "robust" data analytics, PropTech software solutions, and "Reonomy" property intelligence.
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by Lance Murray |
Jul 8, 2024
Mesa, Arizona-based Sun Auto Tire & Service has acquired 33 Caliber Auto Care locations throughout the state of Texas, including 16 in Dallas, building on its investment in Texas, the company announced in June.
Caliber is headquartered in Lewisville.
Sun Auto said the acquisition reinforces its dedication to excellence and its values-centered approach across its rapidly growing national footprint....
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by David Seeley |
Jul 8, 2024
In April, Bloomberg reported that Citation Capital aims to raise $850 million for its debut fund, which would be one of the largest-ever inaugural PE firm raises in Texas. Founded in 2023, the Dallas firm snagged a majority stake in "better for you" snack manufacturer Cibo Vita last October.
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Tiffany Ricks, CEO of HacWare [Composite photo; original: HacWare]
North Texas Entrepreneur Scores Coveted Google Funding for Black and Latino AI‑Powered Companies
by Lance Murray | Jun 27, 2024
Frisco-based Tiffany Ricks, founder and CEO of HacWare, is the only Texas recipient of the 2024 Google for Startups Founders Fund for Black and Latino entrepreneurs. Each of the 20 awardees receives $150,000 in funding and $100,000 in Google Cloud credits.
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by Lance Murray |
Jun 26, 2024
The North Central Texas Emergency Communications District oversees 40-plus Emergency Communications Centers in 13 area counties and five municipalities surrounding the DFW region. Under the contract, Arizona-based Comtech and its "comprehensive suite of public safety solutions" will enable NCT9-1-1 to fully migrate to a new NG9-1-1 system.
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by Lance Murray |
Jun 25, 2024
Plano-based Air Distribution Technologies will be acquired by Los Angeles-based Truelink Capital from Johnson Controls, Truelink announced.
Air Distribution Technologies is a market leader in air management and filtration solutions. Financial terms were not disclosed, and the transaction is expected to close in the second half of this year.
Following the deal’s completion, Air Distribution Technologies will continue to be led by its current CEO, Doug Schuster....
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by Lance Murray |
Jun 25, 2024
New York-based Macquarie Capital’s investment will support Kalkomey’s continued growth, scale, and expansion into new and adjacent markets globally, the company said.
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Bob Sulentic, president and CEO of CBRE (left), and Vincent Clancy, chairman and CEO of Turner & Townsend [Photos: CBRE/Turner & Townsend]
$3B 2023 Revenue: CBRE To Combine Its Project Management Business with U.K.‑Based Subsidiary
by Lance Murray | Jun 24, 2024
The Dallas-based real estate services giant said that once the transaction closes, it will own 70% of the combined Turner & Townsend/CBRE Project Management business, with the Turner & Townsend partners holding the remaining 30%.
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by David Seeley |
Jun 24, 2024
knownwell was co-founded by CEO Brooke Boyarsky Pratt in 2022 to "lead a shift in the narrative from health systems, payors, and employers having a GLP-1 strategy, to them having a comprehensive obesity treatment strategy." With a recent $20 million Series A, new C-suite hires, and an AI-powered acquisition just last week, the startup's expansion has just begun.
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by Quincy Preston |
Jun 21, 2024
The combined entity will retain the iconic Six Flags name, operate under the name Six Flags Entertainment Corp., and trade under Cedar Fair's ticker symbol "FUN" on the NYSE, with headquarters in Charlotte, North Carolina. The merger is expected to close on July 1, 2024.
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by Quincy Preston and Lance Murray |
Jun 20, 2024
The veterinary industry, which has long struggled with inefficiencies and high burnout rates, might have its day in the digital dogpark. Dallas-based Evette is leading the pack, partnering with AI orchestrator Krista.ai to revolutionize a sector that's been begging for innovation.
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Dr. Klyne Smith [Photo: SMU]
SMU Prof and SENTRIQS Team Up on Quantum Cybersecurity With $110K Air Force Grant
by Lance Murray | Jun 19, 2024
SMU's Klyne Smith, with over 30 years of experience in IT and telecommunications at companies like IBM, Caesars Entertainment, and Ericsson, will use his industry insights to explore quantum-safe communication solutions for military applications.
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by Dallas Innovates | Staff Report |
Jun 18, 2024
Vann's news: Impact Ventures "will be considered 1 of 74 [Community Development Venture Capital] firms in the U.S."—and the second in Texas—"providing more small businesses access to equity and equity-like capital, especially in times like today where interest rates are higher and traditional debt is considered to be expensive."
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by Lance Murray |
Jun 18, 2024
"Our aim is to build the largest, and more importantly, most effective advertising services group in the world and that will not happen organically," said Kyle Borgman, chairman and CEO of The Yadot Group. "We're in the acquisitions business, plain and simple."
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by Lance Murray |
Jun 18, 2024
SBI, a Southlake-based growth advisory, has completed its acquisition of Carabiner Group, a RevOps-as-a-Service firm, further enhancing SBI’s capabilities to support client growth.
The firm said this is its second acquisition in less than a year, demonstrating SBI’s commitment to delivering go-to-market services to its clients. No financial details of the acquisition were released....
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