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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.
[Illustration: DI Studio; VictoriaBar/istock]
Westlake’s Solera Partners with STELLA Automotive AI on Conversational ServiceAgent AI
by Lance Murray | Jan 29, 2024
Solera said that ServiceAgent AI provides comprehensive insights into service appointment booking and management system performance and efficiency, enabling automotive service teams to deliver "exceptional customer support."
by David Seeley |
Jan 29, 2024
News of the $5M raise comes as Dallas-based UpSmith launches Boost, a new productivity app that's "a powerful tool to maximize sales performance and technician productivity" in construction and manufacturing. UpSmith Founder and CEO Wyatt Smith, a former Uber Elevate exec, says workers can redeem points earned on the app for tools, prizes, extra vacation days, and more.
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by Lance Murray |
Jan 29, 2024
Florida-based Wealth Partners Capital Group and California-based HGGC have made a minority equity investment in True North to help accelerate its growth via targeted acquisitions, the Dallas firm said.
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by Lance Murray |
Jan 25, 2024
With wall-to-wall LED screens and the latest advances in AI, digital display, motion tracking, and object detection, Lumin Fitness launched its first "prototype" studio in Las Colinas last fall. Its new franchise agreement with Houston-based Verge Fit Holdings is meant to be just the start of growing the brand into the future.
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[Image: Revolution]
Revolution’s Acquisition of PolyAg Aims to Set New Standard in Circular Solutions for Plastics
by Lance Murray | Jan 25, 2024
Revolution's expansion into agricultural plastics recycling in Canada is just its latest move to create a "continuous cycle of sustainability." A recent collaboration with former Dow unit president Diego Donoso also aims to elevate Revolution's position in the sustainable packaging market, focusing on pioneering food-grade recycled plastics.
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by Lance Murray |
Jan 24, 2024
The investment in the Dallas-based full-service management and tech consulting firm was made by L.A.'s Interlock Equity. The investment comes on the heels of evolv announcing that Trisha Arnold was promoted to chief talent officer at the company.
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by Lance Murray |
Jan 24, 2024
"This strategic transaction expands and strengthens Biote’s capabilities by enabling the vertical integration of our manufacturing and providing direct control over our pharmacokinetic research efforts," Biote CEO Terry Weber said. Earlier this month, Robert Peterson was named as Biote's new CFO.
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by Lance Murray |
Jan 24, 2024
A nationwide provider of on-demand, same-day bulk waste removal and bespoke sustainability services, CheckSammy said the funding will allow it to expand its role as "enablers of the circular economy" by providing new tools to strategically optimize its clients' ESG scores and diversion efforts.
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TPG's Mike Zappert (left) and Sayari's Farley Mesko.
TPG Invests $228M for Majority Stake in D.C. Supply Chain Risk Platform
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.
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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.
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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....
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by Lance Murray |
Jan 16, 2024
The agreement was announced along with pre-negotiated financing of a "significant investment amount" toward a total 5.8 GW pipeline of utility power, procurement of key resources, and the establishment of a joint venture with an undisclosed larger infrastructure group.
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Irving’s Kelly-Moore Paints Ceases Operations, Begins Business ‘Wind-Down’
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....
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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.
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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.
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by Lance Murray |
Jan 8, 2024
The funding will enable Care Continuity to further its mission of helping health systems, payers, and ACOs employ an efficient patient and member-centered care journey, the company said.
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