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’ One Network Enterprises Acquired for $839M by Arizona-Based Blue Yonder

by | Mar 29, 2024
One Network's solutions help everyone from Tom Thumb to the U.S. Navy gain end-to-end visibility and control over their supply chains. Founder and chairman Greg Brady says the company's acquisition by Blue Yonder will form "a backbone" of the "new supply chain of the future."
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North Texas-Based Blockhouse Digital Raises $2M To Launch Crypto Asset Management Firm
by | Mar 28, 2024

Asset management firm Blockhouse Digital, which has an office in Frisco, has completed a $2 million seed funding round including investments from strategic partners such as its institutional OTC partner BlockFills along with significant contributions from various angel and VC investors....

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Gearbox founder Randy Pitchford launched the company in 1999, It's getting bought by global games giant Embracer.
Frisco-Based Video Game Maker Gearbox Acquired for $460M
by | Mar 28, 2024
Less than three years after being acquired by Sweden's Embracer Group in a deal valued at up to $1.3 billion, Gearbox has a new, NYC-based owner in Take-Two Interactive.
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Home Depot Acquires McKinney-Based SRS Distribution for Over $18 Billion
by | Mar 28, 2024
SRS will operate as an independent business within The Home Depot, powered by its sales force of 2,500-plus, its 4,000-plus truck fleet, and its 760-plus branch network across 47 states.
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Irving-Based Heidelberg Materials Could Get Up to $500M DOE Funding for Cement Plant Decarbonization

by | Mar 26, 2024
Heidelberg said the project is aimed at advancing decarbonization efforts at its new "state-of-the-art" cement plant in Mitchell, Indiana. The funding will help create "the first full-scale deployment of carbon capture and storage on a cement plant in the U.S.," says CEO Chris Ward.
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Leadership Transition at Renibus Therapeutics: Co-Founder Appointed as Sole CEO
by | Mar 22, 2024
Jeffrey Keyser, co-founder and former Co-CEO of Renibus, steps into the role of president and CEO. Bolstered by an expanded Series B funding round in 2023 and a promising lead drug candidate, it signals a new chapter for the Southlake-based biopharmaceutical firm.
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Raising the Spirits: Sazerac Acquires North Texas-Based BuzzBallz, Pouring New Opportunities for Global Expansion
by | Mar 22, 2024
Merrilee Kick, the visionary behind BuzzBallz, is stirring up a new chapter. Known for its clever cocktails in ball-shaped containers, the brand is ready to shake up the global ready-to-drink scene with Sazerac's reach.
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DFW-Based RealTime Laboratories Acquired by Washington’s BioTek Laboratories

by | Mar 21, 2024
Carrollton-based RealTime is a pioneer in the field of testing for mycotoxins—hazardous toxins from mold. The deal expands the capabilities, expertise, and geographic footprint of the combined organization, providing more testing options to customers and accelerating the development of new diagnostic tests.
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Japanese Life Insurance Co. Acquires Nearly 20% of Dallas Global Investment Manager Canyon Partners
by | Mar 21, 2024
Canyon Partners said that all of the net proceeds from the transaction will be retained on its balance sheet and reinvested in the business, providing funding to seed new products and optimally scale existing products.
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Fort Worth-Based Bell Wins $455M Navy Contract for 12 Viper Helicopters for Nigeria
by | Mar 21, 2024
The Defense Post said the Vipers are expected to enhance Nigeria’s air defense capabilities and help uphold regional stability once delivered.
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Founder and CEO of Frisco-Based Complexity Gaming Buys Esports Franchise Back from GameSquare for $10.36M
by | Mar 21, 2024
Complexity Gaming founder and CEO Jason Lake reacquired his company through the Lake-led investment group Global Esports Properties. The deal, signed earlier this month, is expected to close shortly. GameSquare had acquired Complexity for $27 million in June 2021.
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Jerry Jones Makes Additional $100M Investment in Frisco-Based Natural Gas Producer Comstock Resources

by | Mar 21, 2024
Jones, who's already the majority shareholder in Comstock Resources, has agreed to make an additional $100.45 million equity investment in the company via two entities he controls.
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Spinning Success: Dallas Startup Tuned In Grading Acquired by Music Mogul Steve Aoki Just Two Years Post-Launch
by | Mar 18, 2024
With bootstrap funding of less than $500,000 and a passion for vinyl, Rogers Healy and his co-founders at Tuned In Grading revolutionized music collectible authentication. Now, the beat goes on as the company prepares to merge with Steve Aoki's Audio Media Grading
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Chickasaw Nation Taps Hicks Equity Partners Exec To Lead Pennington Creek Dallas Office
by | Mar 15, 2024
Longtime Hicks Equity Partners Managing Director Curt Crofford will lead the new office. Coupled with the recent launch of Good Springs Capital in mid-2023, Pennington Creek continues the expansion of the Chickasaw Nation’s diversification efforts.
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