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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.
Left: Cole W. Johnson, chairman and CEO of Bridgelink Development; Right: Benjamin Tran, chairman and CEO of Bitech Technologies [Photos: Bridgelink/Bitech]
Fort Worth Solar Developer Bridgelink, California’s Bitech Technologies Execute Business Combination Agreement
by Lance Murray | Apr 15, 2024
Under the agreement, Bitech will acquire battery energy storage systems and solar projects with estimated capacity of up to 5.8 GW. The move underscores a "unified commitment" to advancing the development of projects in the U.S. including in Texas, Arizona, and Louisiana, the companies said.
by Lance Murray |
Apr 15, 2024
The Series C round for Cariloop's comprehensive caregiver support platform was led by ABS Capital with participation from existing investors Noro-Moseley Partners, KCRise Fund, Revolution’s Rise of the Rest Seed Fund, and Patterson Thoma Family Office.
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by Lance Murray |
Apr 15, 2024
The expansive North Texas manufacturer of copper and aluminum for residential, commercial, and industrial wire needs is listed on Nasdaq under the ticker WIRE. After the deal closes, Prysmian said it expects to maintain a significant presence at Encore Wire’s vertically-integrated, single-site campus in McKinney.
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by David Seeley |
Apr 12, 2024
Nearly 80 years after two B-29s took off from Tinian and hastened the end of World War II, geopolitical tensions have put the island—part of a U.S. territory—back on the radar of U.S. Air Force strategic planning.
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Invitation Homes Chief Investment Officer Scott Eisen [Photo: LinkedIn]
Dallas’ Invitation Homes To Pay $140M for 500 Newly Built Homes in Charlotte, Nashville, and Jacksonville
by Lance Murray | Apr 9, 2024
Invitation, a single-family-home leasing and management company, said the homes are being acquired via new relationships with three "top-tier" homebuilders. Deliveries of the homes are expected to begin later this year.
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by Lance Murray |
Apr 9, 2024
Richardson-based security solutions provider StrikeReady has received $12 million in Series A funding.
The funding round was led by 33N Ventures with participation from Hitachi Ventures and Monta Vista Capital, along with Brian NeSmith, executive chairman and former CEO at Arctic Wolf; and Rod Beckstrom, former CEO of ICANN and founding director of the U.S....
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by Lance Murray |
Apr 9, 2024
News of the partnership with Highmount Capital comes as Dude Perfect prepares to move into a $3 million new HQ in Jerry Jones’ Star Business Park in Frisco—and as they pursue their dream of building a theme park and HQ featuring a 330-foot tall “Impossible Shot” tower.
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by Lance Murray |
Apr 7, 2024
Richardson-based Service Experts has acquired 19 local HVAC and plumbing service centers from Connecticut-based HomeServe USA Corp., an acquisition that brings its total number of local service centers to 98, serving homeowners across 31 states.
With this expansion, Service Experts said it is building on its leading position of delivering “worry-free comfort” to more homes and businesses across the nation....
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Leeward's Horizon Solar Project near Pearsall, Texas [Photo: Leeward Renewable Energy]
Dallas’ Leeward Energy Launches Operations at Huge South Texas Solar Project
by Lance Murray | Apr 4, 2024
The 200-MW project will provide Verizon Communications with renewable energy under a previously announced agreement. Avoided greenhouse gas emissions over the project's lifespan are estimated to be equivalent to "powering 1.2 million Texan households."
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by Lance Murray |
Apr 4, 2024
Global alternative asset management firm TPG is acquiring Atlanta-based Classic Collision, a leading, national collision repair multi-site operator.
TPG is based in Fort Worth and San Francisco. Classic Collision has a location in Grapevine.
“Today’s announcement is an exciting milestone for Classic Collision and a great testament to the strength of our team and our collective commitment to providing the highest quality service with integrity,” Classic Collision CEO Toan Nguyen said in a statement....
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by Lance Murray |
Apr 4, 2024
Dallas and Cleveland-based Align Capital Partners announced the formation of a specialty tax consulting platform with the acquisitions of Baton Rouge, Louisiana-based Cost Segregation Services Inc. (CSSI) and TaxIncennovations LLC.
Allied Capital Partners’ core services lines include cost segregation, research & development tax credits, and energy efficiency tax credit consulting services....
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by Lance Murray |
Apr 3, 2024
Dallas-based Suntex Marina Investors said the funds will be used to support new acquisitions and capital improvements at newly acquired facilities, as well as for several new development projects across the U.S.
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Some of the teams Arctos is invested in.
Dallas-Based Arctos Raises Over $4B to Invest in Sports Teams, Leagues
by Lance Murray | Apr 2, 2024
The private investment firm said its Arctos Sports Partners Fund II has already been 30% deployed in investments in entities that own the Utah Jazz, New Jersey Devils, Philadelphia 76ers, the Paris Saint-Germain soccer team, and the Aston Martin Aramco Formula One Team.
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by Lance Murray |
Apr 2, 2024
StatLab Medical Products, the McKinney-based developer and manufacturer of medical diagnostic supplies and equipment, has acquired Poly Scientific R&D, a U.S. manufacturer and supplier of high-quality pathology stains, tissue controls, reagents, and paraffin for anatomic pathology laboratories.
StatLab said the acquisition expands its core manufacturing capabilities to include tissue controls, advancing the company’s position as a differentiated manufacturer of anatomic pathology consumables while growing its footprint in the market....
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by Lance Murray |
Apr 1, 2024
Crow Holdings, a Dallas-based national real estate investment and development firm, recently announced acquired the acquisition of a privately owned 46-property, 9,838-pad, all-age manufactured housing portfolio across Ohio, Missouri, Illinois, Indiana, Montana, and Florida....
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by Lance Murray |
Apr 1, 2024
With the closing of a deal agreed to in November, Irving-based 7-Eleven International adds more than 750 stores in Australia to its portfolio.
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