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. 

 

HF Sinclair, Holly Energy Partners Announce $1.44B Merger Agreement

by | Aug 17, 2023

Dallas-based energy companies HF Sinclair Corp. and Holly Energy Partners LP have agreed to merge in a what Reuters said is a $1.44 billion deal that will simplify corporate structure, reduce costs, and further support the integration and optimization of the HF Sinclair portfolio.

“We are pleased to announce this strategic transaction which we believe simplifies our corporate structure, reduces costs and further supports the integration and optimization of our portfolio,” HF Sinclair’s Chief Executive Officer and President Tim Go said in a statement....

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CPRIT Awards $9.5M in Cancer Research Grants to SMU and Dallas’ Baylor Research Institute
by | Aug 17, 2023
The 29 new grants approved by CPRIT's Oversight Committee include the first CPRIT Scholar award to Southern Methodist University in Dallas and state funding for Dallas' Baylor Research Institute to join a major National Cancer Institute study.
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PMY Group Invests in WJHW Expansion to Extend Tech Design Firm’s Global Reach
by | Aug 16, 2023
North Texas-based WJHW has spearheaded high-profile tech system projects at venues such as SoFi Stadium, UBS Arena, Globe Life Field, and Dickie's Arena. To lead its global push, PMY Group has promoted WJHW veterans Kym Shilton to Senior Vice President of International and Charles Adkinson to Senior Vice President of Sports Development.

As part of PMY's strategy, the company said it plans to relocate its global headquarters from Melbourne to the United States.
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CloudMellow Acquires Chicago-Based Digital Marketing Agency

by | Aug 14, 2023
Plano-based CloudMellow said the acquisition will further strengthen its portfolio of award-winning digital agencies by tapping Idea Marketing Group's design, marketing, UI/UX, and software development capabilities.
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Tango CEO on How His Firm’s WatchWire Acquisition Creates a Real Estate Management Powerhouse
by | Aug 14, 2023
North Texas-based Tango—a Berkshire portfolio company—says the acquisition expands the global footprint of its own next-gen real estate management platform. And by leveraging WatchWire's proprietary data ingestion engine, the merged entity brings Tango squarely into the sustainability and energy management space. The result? "Bridging the gap" between landlords and tenants, says Tango founder and CEO Pranav Tyagi.
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Junchuang North America Inc. expansion
China’s Junchuang Opens EV Parts Plant, R&D Hub in Fort Worth
by | Aug 14, 2023
JCNA's model plant in Fort Worth will be its cornerstone North American R&D hub, driving innovations for the EV market and creating over 120 jobs by 2025.
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Collins Aerospace Awarded $36M USAF Contract to Develop Beyond-Line-Of-Sight Satellite Communications Pod
by | Aug 14, 2023
Collins, which has a Richardson-based secure communications division, will develop the pod with capability to connect with commercial and military satellites in low, medium, and geostationary orbits. The pod's goal: to enhance situational awareness and enable faster, better decisions "across the battlespace."
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Lazy Rivers & Luxe Amenities: Dallas’ RREAF Holdings Pays $157M for Five RV Parks—With More to Come

by | Aug 10, 2023
RREAF's founder and CEO, Kip Sowden, says the RV sector "has astonishing growth opportunities stimulated by the economy and the evolution of remote work and school options." To feed that need, the newly acquired parks feature everythig from pickleball courts to "lazy rivers," "glamping tiny homes," and more.
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Fire Meets Ice: Solo Stove Family of Brands Brings Portable Air Conditioning Into Its Outdoor Lineup
by | Aug 10, 2023

Solo Brands, with its hallmark commitment to consumer passion and community engagement, is adding IcyBreeze Cooling to its outdoor lifestyle product portfolio. The deal was finalized on July 1, as announced by Generational Equity, a Richardson-based mergers and acquisitions adviser for privately held businesses....

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50 and Counting: Cypress Growth Capital Hits Investment Milestone With Its Equity-Preserving Approach

by | Aug 3, 2023
Dallas-based Cypress Growth Capital is defying norms in the funding landscape. Not your traditional venture capitalist, this trailblazing firm hit a landmark with its 50th portfolio investment—and fourth major play this year—a $4 million stake in medical records disruptor, ChartSquad. Managing Director Vik Thapar peels back the curtain on the firm's unique model, which fosters rapid growth without diluting entrepreneurial control.
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Aquaculture: NaturalShrimp Terminates Merger Agreement; Announces Re-IPO Opportunity for Uplist
by | Aug 3, 2023
Dallas-based NaturalShrimp recently signed an agreement with Japan's Niterra to trial its patented technology in Japanese aquaculture farms for shrimp production.
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