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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: BNSF and J.B. Hunt/Business Wire]
J.B. Hunt To Acquire North Texas-Based BNSF Logistics’ Brokerage Ops
by Quincy Preston | Sep 18, 2023
Fort Worth-based BNSF has fostered a partnership with J.B. Hunt over the past three decades. The industry giants announced a deal that consolidates their market-leading positions in the logistics landscape.
Plano Collegiate Sports Marketer LEARFIELD Closes $600M Recapitalization and $150M Equity Investment
by Lance Murray |
Sep 18, 2023
LEARFIELD has ties to over 1,200 collegiate institutions and over 15,000 local and national brand partners, the company said. Its partnerships include North Texas universities SMU, TCU, and UNT as well as the University of Texas, Texas A&M, and other Texas schools.
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by Quincy Preston and Lance Murray |
Sep 14, 2023
With Target and Cracker Barrel joining current retailers Hy-Vee, FYE, Big Lots, and Five Below, Irving-based Sow Good's freeze-dried candy sales continue to find sweet success. Next up: A new freeze-dried ice cream line is slated to launch in Q4 2023.
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by Jewels Clark |
Sep 11, 2023
RevTech announced it will team up with investor Laura Baldwin to launch a dedicated fund supporting female entrepreneurs. Dallas-based brand The Citizenry also revealed its further expansion into brick-and-mortar, with a debut location set for Stonebriar Mall in Frisco this fall.
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Zero-G Helmet Mounted Display System+ [Helmet Image: RTX]
Elbit Systems of America and RTX Get $16M from U.S. Navy for Pilot Helmet-Mounted Display System
by David Seeley | Sep 8, 2023
The Zero-G Helmet Mounted Display System+ from Collins Elbit Vision Systems—a joint venture between Fort Worth-based Elbit Systems of America and RTX business Collins Aerospace—gives 21st-century Navy pilots "an augmented view of the battle space" for "faster decision making, increasing survivability, and effectiveness."
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by David Seeley |
Sep 7, 2023
The Fund Formation Group—a Dallas-based firm founded by Thomas Haynes in 2020—operates fund structures for registered investment advisors and wealth advisors. It's been acquired by GLASfunds, a turnkey alternative investment platform and alternative asset management firm based in Cleveland, Ohio.
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by Lance Murray |
Aug 29, 2023
MobileComm, a global telecom engineering firm, was founded in 2002. California-based IT services firm UST said the acquisition and the integration of Mobilecomm's more than 1,300 employees will "significantly strengthen" its telecommunications practice and position it to continue its growth in the sector.
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by Quincy Preston |
Aug 29, 2023
Keiretsu Forum—one of the largest angel investor networks in the world and the No. 1 most active in the U.S. in 2022—says it's building on the momentum of the region's startup ecosystem. The new North Texas Chapter will kick off with its first meeting in September.
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Left to right: Aircon Founder and CEO Chris Condon, Co-Founder and VP of Operations Irl Wakefield, and CTO Dennis Oleksyuk. [Photo: Underscore VC]
North Texas-Based Air Cargo Startup Aircon Raises $3.3M on Heels of $4.5M Funding in June
by David Seeley | Aug 25, 2023
The Flower Mound-headquartered logistics startup says it's "disrupting the $270 billion airfreight market" by consolidating air cargo shipments via AI and machine learning. The $3.3M seed round led by Underscore VC will allow Aircon to invest in "deeper partnerships across the air cargo and freight markets," the company said. See how else Aircon plans to spend the new funding.
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by Lance Murray |
Aug 24, 2023
North Texas-based PMY Group—a global tech solutions company “well recognized in the sports and venues industry"—said it's diversifying its business into other infrastructure classes. In July, PMY announced its first institutional capital raise since the company’s 2009 founding in Melbourne by Paul Yeomans.
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by Quincy Preston and Lance Murray |
Aug 22, 2023
Hypergiant Industries, a pioneering AI defense platform, finds a strategic match in its acquisition by Dallas's Trive Capital. Dallas Co-Founder Ben Lamm and CEO Mike Betzer both champion the shared vision of next-gen AI technologies bolstering national defense and critical infrastructure.
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by David Seeley |
Aug 22, 2023
NWH—a leading global manufacturer and supplier of hardwood lumber—relocated its HQ to Frisco from the wooded climes of Spokane, Washington, in 2021. Helmed by CEO Nathan Jeppson, NWH operates 40-plus facilities nationwide. Its Post Hardwoods acquisition will strengthen its supply chain and enhance its hardwoods offerings, the company said.
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U.S. Oral Surgery Management President and CEO Richard Hall [Photo: USOSM]
Irving’s U.S. Oral Surgery Management Snags $150M Credit Expansion To Fuel National Growth
by Lance Murray | Aug 21, 2023
The company said its growth has continued in 2023, with more than $100 million of acquired revenue anticipated. The new funding is an expansion of the company's current credit facility with its existing lenders. USOSM says it partners with more than 180 oral and maxillofacial surgery practice locations across 26 states.
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by Lance Murray |
Aug 21, 2023
T72 Club, which reports having successfully led more than 15 startups to profitability, sees strong potential in the "groundbreaking" startup that brings iconic ad campaigns to autonomous delivery robots.
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by Lance Murray |
Aug 17, 2023
Founded in 1977, NPI has served e-commerce, courier, parcel post, warehouse and fulfillment operations with high-speed sortation systems for more than 45 years. "NPI has established itself as an innovative leader in material handling automation," said Illinois-based Duravant's Raman Joshi.
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by Lance Murray |
Aug 17, 2023
Plano-based Fogo de Chão announced it will be acquired by Bain Capital Private Equity to accelerate its growth and expansion, the internationally renowned restaurant brand from Brazil announced....
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