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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.
Photo: Antonio_Diaz/iStock
Irving-Based Summit Off Duty Services Acquired by Protos Security and Southfield Capital
by Lance Murray | Jun 13, 2024
Summit manages onsite security for clients nationwide, providing security and law enforcement industry expertise via a coast-to-coast network of 60,000 police officers representing more than 1,400 law enforcement agencies.
by Lance Murray |
Jun 13, 2024
Nada bridges homeowners and investors through home equity via its Cityfunds and Homeshares products. The company's new president and CEO, Tore Steen, replaces Nada Co-Founder and current CEO John Green, who will transition to COO.
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by David Seeley |
Jun 13, 2024
Moviegoers in Dallas-Fort Worth have had their cinema-loving dreams dashed—and raised again—in the space of a week. First came word that Angelika Film Center & Cafe Plano was closing, followed by news that the franchise group running five Dallas-Fort Worth Alamo Drafthouse Cinemas had closed them down and filed for Chapter 7 bankruptcy.
The raised hopes? That came Wednesday, when Sony Pictures Entertainment rocked Hollywood by announcing it had acquired Alamo Drafthouse Cinema and its 35 locations in 25 metro areas, as well as its much-loved Fantastic Fest film festival.
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by Lance Murray |
Jun 12, 2024
MOURI Tech, an Irving-based global provider of enterprise IT solutions, has acquired Vertisystem Inc., a Califonia-based IT services company specializing in the gaming and hospitality industries.
MOURI said the acquisition is part of its strategy to enhance its service offerings and broaden its footprint in the gaming and hospitality industries and will enable MOURI to expand its presence in the United States and India, enhancing its global delivery capabilities....
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[Image: Oleksandr Shchus/istockphoto]
Plano-Based Zips Car Wash Soaks Up $70M Investment From New York PE Firm
by Lance Murray | Jun 10, 2024
Plano-based Zips Car Wash has secured a $70 million investment from Atlantic Street Capital, a private equity firm known for its hands-on approach with lower middle-market companies. The capital infusion aims to support Zips’ operating strategy, enhance member experience, and improve wash quality, according to Atlantic Street Capital (ASC).
Zips describes itself as the “largest privately held car wash operator in the U.S.”...
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by Lance Murray |
Jun 7, 2024
Buchanan Technologies said the acquisition will help fuel its expansion and support its managed IT leadership while the company continues to grow as a "premier provider of outsourced, managed cloud solutions."
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by Lance Murray |
Jun 5, 2024
MOURI Tech, a global enterprise IT services provider, said the move strengthens its presence in the Asia-Pacific region and meets "the growing demands of its global clientele"—while helping Versant expand its R&D capabilities.
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by Lance Murray |
Jun 4, 2024
Southwest Heater and Controls was led by Camille Hawkins from 1983 until her retirement in 2012, and is now led by her sons Chris and David. This is the third acquisition by Cincinnati's Thermal Technology Distribution Solutions since its formation in September.
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DZS President and CEO Charlie Vogt [Photo: DZS]
Plano’s DZS Expands Global Reach with Acquisition of Australia’s NetComm Wireless
by Lance Murray | Jun 4, 2024
In conjunction with the acquisition, global investment firm EdgeCo LLC increased its financial support of DZS, with an eye toward "United States and other government broadband stimulus programs" being released in 2024 and 2025.
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by Lance Murray |
Jun 3, 2024
Chicago-based Workbox also announced it has raised $17.5 million in a Series A equity round with a follow-on option to secure an additional $5.5 million.
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by Lance Murray |
May 30, 2024
Addus announced the sale of its personal care operations in New York, including fiscal intermediary services under the state's Consumer Directed Personal Assistance Program. The public company's revenues topped $1 billion in 2023.
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by Lance Murray |
May 30, 2024
Both companies said they are active in international markets, including Exceleron's existing team and pipeline in the rapidly evolving Indian prepay market.
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Image: [Sorapop/istockphoto; DI]
$110M Boost for Solutions by Text: Innovating Bill Pay with Real-Time Payments
by Lance Murray | May 29, 2024
Solutions by Text has secured $110 million to expand its real-time payment technology within text messaging. The Dallas-area company's latest funding highlights its pioneering influence in the FinText sector.
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by Quincy Preston |
May 22, 2024
With 10 investments in the past 15 months and another deal expected to close soon, Cypress Growth Capital is expanding its team to support its growing portfolio. The Dallas-based private equity firm recently welcomed new partner Cliff Sentell with the launch of its fifth fund—and looks to make additional hires in the near term.
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by Lance Murray |
May 21, 2024
Founded in 1995 with a salsa recipe passed down for nearly a century, Xochitl specializes in authentic, premium tortilla chips and salsas. Carlos Salinas, the company's founder, CEO, and chairman emeritus, will retain a 50% interest in Xochitl going forward.
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by Lance Murray |
May 21, 2024
Produced in Richardson, Subeca's Blinc IoT module utilizes Amazon's Sidewalk network to help its customers manage water infrastructure and detect and resolve water leaks.
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