MORE►
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.
A Sunoco gas station in Houston. [Photo: JHVEPhoto/istockphoto]
Dallas-Based Sunoco to Acquire NuStar Energy in $7.3B Deal
by Lance Murray | Jan 22, 2024
Sunoco, which relocated from Philadelphia to Dallas in 2016, said the acquisition will increase stability by diversifying its business, adding scale, and capturing benefits of vertical integration by combining two stable businesses.
by Lance Murray |
Jan 18, 2024
Founded in 2015, the Sayari platform integrates global corporate and supply chain data to reveal risk insights for investigations, analytics, and supply chain risk management. The company says its platform is trusted by users from across global regulators, law enforcement, and national security agencies, as well as over 100 of the world's largest public and private companies.
MORE►
by Lance Murray |
Jan 17, 2024
Once completed, the merger between FirstSun and HomeStreet will create a premier regional bank with $17 billion in total assets and 129 branch locations across some of the most attractive markets in the U.S., the companies said.
MORE►
by Lance Murray |
Jan 16, 2024
Evoque, a Dallas-based provider of comprehensive colocation, connectivity, and infrastructure solutions, has completed its previously announced acquisition of Cyxtera’s data center portfolio.
Evoque and Florida-based Cyxtera will combine to form a leading data center company with more than 50 locations, mostly in North America. No financial details were released.
“Combining Evoque and Cyxtera is a strategic step that aligns seamlessly with our vision for data infrastructure investments,” Udhay Mathialagan, board chair at Evoque and CEO, Global Data Centers, Brookfield Infrastructure, said in a statement....
MORE►
The CollateralEdge team as seen in November 2023 [Photo: CollateralEdge]
Dallas Fintech CollateralEdge Gets Strategic Investment from New York Investment Firm
by David Seeley | Jan 16, 2024
Phalanx Impact Partners said its investment in CollateralEdge communicates its thesis "that expanded access to middle market credit solutions benefits our next generation of entrepreneurs in all communities."
MORE►
by Lance Murray |
Jan 15, 2024
Irving-based Kelly-Moore Paints has ceased operations immediately and will begin what it called an orderly, out-of-court wind-down of all of its business. Kelly-Moore moved to Irving in April 2023 from California.
“I’m extremely disappointed and saddened by this outcome, as the entire Kelly-Moore team made incredible efforts to continue innovating and serving the unique needs of professional painting contractors,” CEO Charles Gassenheimer said in a statement....
MORE►
by Lance Murray |
Jan 11, 2024
The acquisition expands Landsea Homes's DFW presence, following the company's move to Dallas from Newport Beach, California last year. Landsea said the acquisition includes repayment of an anticipated $47.2 million of Antares Homes debt.
MORE►
by Lance Murray |
Jan 11, 2024
Founded in 1925 and based in Youngstown, Ohio, Hynes Industries is a manufacturer of precision-engineered roll-formed metal parts and assemblies for diverse end markets including automated material handling, truck trailers, solar, and general industrial.
MORE►
Paragon Healthcare specializes in "life-saving and life-giving" infusible and injectable therapies. After the acquisition closes, Paragon Healthcare will operate as part of CarelonRx, the pharmacy services segment within Carelon, Elevance Health’s health services division.
Plano-Based Paragon Healthcare Is Being Acquired by Elevance Health
by Lance Murray | Jan 8, 2024
Paragon Healthcare specializes in "life-saving and life-giving" infusible and injectable therapies. After the acquisition closes, Paragon Healthcare will operate as part of CarelonRx, the pharmacy services segment within Carelon, Elevance Health’s health services division.
MORE►
by Lance Murray |
Jan 8, 2024
Dublin, Ohio-based ADVOCATE RCM—a provider of premium technology-enabled revenue cycle management services for radiology and other facility-based physician specialties—will operate as a division of Ventra.
MORE►
by Lance Murray |
Jan 8, 2024
RhythMedix’s proprietary RhythmStar device is the first wearable cardiac ECG monitor with built-in 4G cellular connection. The company's management team is reinvesting alongside Dallas- and Nashville-based Pharos, and will remain in their current roles.
MORE►
by Lance Murray |
Dec 21, 2023
Concentric, which calls itself the first national industrial power services organization, said the acquisition expands its capabilities to serve mission-critical businesses such as data centers, hospitals, financial institutions and other facilities.
MORE►
Left: Chris Gummer, managing partner at Gummer Group; Right: Jason Ferguson, managing partner at Calvetti Ferguson
Dallas CPA Firm Gummer Group Acquired by Houston’s Calvetti Ferguson
by Lance Murray | Dec 20, 2023
With the Gummer Group team added, the combined Dallas-Fort Worth offices of Calvetti Ferguson will have over 75 employees.
MORE►
by Lance Murray |
Dec 20, 2023
Gold Medal said its acquisition of Keller-based Klapprodt Pools is a significant milestone in its long-term growth plan, which provides substantial resources to pool company owners seeking growth, funding, or an exit strategy.
MORE►
by Lance Murray |
Dec 19, 2023
When you get married, divorced, or simply want to change what you sign on the dotted line, NewlyNamed can streamline your name-change process. MPK's investment in the startup is its eighth in a founder-owned business since the firm's 2015 founding.
MORE►
by Lance Murray |
Dec 19, 2023
"EDH represents the next generation of value-driven healthcare, attacking the largest sources of spend for U.S. employers—surgery and cancer—with a laser focus on quality and cost for clients and their employees," said Scott Barclay, managing director at Insight Partners, which made the $92M secondary investment.
MORE►
