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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.
Steven Huddleston, CEO of Ventra Health [Photo: LinkedIn]
Dallas’ Ventra Health Announces Business Combination with ADVOCATE RCM
by Lance Murray | Jan 8, 2024
Dublin, Ohio-based ADVOCATE RCM—a provider of premium technology-enabled revenue cycle management services for radiology and other facility-based physician specialties—will operate as a division of Ventra.
by Lance Murray |
Jan 8, 2024
RhythMedix’s proprietary RhythmStar device is the first wearable cardiac ECG monitor with built-in 4G cellular connection. The company's management team is reinvesting alongside Dallas- and Nashville-based Pharos, and will remain in their current roles.
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by Lance Murray |
Dec 21, 2023
Concentric, which calls itself the first national industrial power services organization, said the acquisition expands its capabilities to serve mission-critical businesses such as data centers, hospitals, financial institutions and other facilities.
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by Lance Murray |
Dec 21, 2023
Founded in 1957, Penhall is North America’s largest provider of specialty concrete services, including cutting and coring, specialized demolition, grinding and grooving, GPR scanning, and digital X-ray. Its network includes more than 40 branch and service locations throughout the U.S. and Canada.
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Photo: Gold Medal Pools
Lewisville’s Gold Medal Pools Makes 4th Acquisition in 4 Months
by Lance Murray | Dec 20, 2023
Gold Medal said its acquisition of Keller-based Klapprodt Pools is a significant milestone in its long-term growth plan, which provides substantial resources to pool company owners seeking growth, funding, or an exit strategy.
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by Lance Murray |
Dec 19, 2023
When you get married, divorced, or simply want to change what you sign on the dotted line, NewlyNamed can streamline your name-change process. MPK's investment in the startup is its eighth in a founder-owned business since the firm's 2015 founding.
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by Lance Murray |
Dec 19, 2023
"EDH represents the next generation of value-driven healthcare, attacking the largest sources of spend for U.S. employers—surgery and cancer—with a laser focus on quality and cost for clients and their employees," said Scott Barclay, managing director at Insight Partners, which made the $92M secondary investment.
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by Lance Murray |
Dec 19, 2023
With the acquisition of Jeevan, SAP and cloud solutions provider Nobl Q says it's transforming into a "boutique global services firm with a strong emphasis on AI." Noble Q's new co-chairman is Jeevan Chairman and CEO Nepoleon Duraisamy—a former Minister of State for Social Justice and Empowerment of India who has been an actor in around 150 Indian movies.
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Pretzilla's Pretzel Burger Bun [Photo: Pretzilla]
Highlander Partners Announces Brands Merger, Pretzilla Spinout
by Lance Murray | Dec 18, 2023
The merger of Benestar Brands with Palmex S. de R.L. de C.V. creates a powerhouse in the North American salty snack industry, Highlander said—positioning the combined entity as one of the leading providers of Hispanic and better-for-you salty snacks.
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by Lance Murray |
Dec 18, 2023
U.K.-based Evtec is a supplier of proprietary mission critical parts for the electric vehicle, hybrid, performance, and luxury OEM automotive markets to brands including JLR (formerly Jaguar Land Rover), Aston Martin, Ford, and Bentley.
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by Lance Murray |
Dec 18, 2023
London-based Elixirr—which has an office at HALL Park in Frisco—said the deal marks the latest step in the firm's strategy to diversify its service offering, expand its global presence, and become the fastest-growing U.S. challenger consultancy in 2024.
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by Lance Murray |
Dec 7, 2023
Dallas-based global tax services and software provider Ryan has acquired Morrison & Head, a property tax consulting firm serving clients across Texas with offices in Austin and Houston.
No financial details of the transaction were released.
“Morrison & Head is a well-established firm with a strong reputation in the property tax space in Texas,” Ryan Chairman and CEO G....
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nVenue Co-founder and Chief Financial Officer Drew Williams; Chief Technology Officer Mik Stearns; Co-founder and Chief Product Officer Bruce Sears; Co-founder and CEO Kelly Pracht; Chief Marketing Officer Christiana Yebra; and Chief Revenue Officer Jeremy Jones. [Photo: Bri Crow]
NBA Takes Equity Stake in Dallas Micro-Betting Odds Provider nVenue
by David Seeley | Dec 7, 2023
Nine months after being selected by the NBA Launchpad program, nVenue has sold an equity stake to NBA Equity—and gotten a new board observer out of the deal.
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by Lance Murray |
Dec 4, 2023
Rad is blazing a trail in the Web3 world—collaborating with industry giants like Google, Sony, Disney, Viacom, and NBCUniversal and making blockchain technology effortlessly accessible for creators and viewers alike. With its strategic integration with HandCash, Rad is redefining digital transactions, streamlining payments in the world of apps, games, and online content.
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by Lance Murray |
Dec 4, 2023
TPG is headquartered in Fort Worth and San Francisco, and ALTÉRRA is the world’s largest private investment vehicle for climate change action. ALTÉRRA was launched at the World Climate Action Summit at COP28, taking place Nov. 30 to Dec. 12 in the UAE.
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by Lance Murray |
Dec 4, 2023
Trinity's acquisitions of Soundview Consultants LLC and WestLand Resources are in addition to last Wednesday's announcement that the company had acquired Longman Lindsey, a New York-based full-service acoustical consultancy with specialized expertise in the construction industry.
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