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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.
Parker Health CEO and Founder Vincent Lopez is a 2023 Forbes 30 Under 30 lister in healthcare. [Photo: Parker Health]
Dallas- and D.C.-Based Biotech Raises $25M to Propel Healthcare Innovation
by Quincy Preston | Jul 18, 2023
Parker Health's cloud Health Management System is the first in the U.S. to build on the Fast Healthcare Interoperability Resources—or FHIR—standard to create an interoperable, affordable, and compliant cloud-based platform. The Parker Suite aims to unify patient-centric data, biometrics, diagnostic tools, patient outcomes, care delivery, practitioner engagement, and pharmaceuticals for the healthcare ecosystem.
by Lance Murray |
Jul 17, 2023
Dallas-based venture capital company Cypress Growth Capital announced it has invested $2 million in PFA Solutions, a Virginia-based provider of software solutions tailored to the unique needs of private equity, venture capital, and other alternative asset management and investment firms.
“As investment firms have grown in size and complexity, the importance of compensation structures and employee satisfaction has increased,” Cypress Managing Director Vik Thapar said in a statement....
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by Lance Murray |
Jul 17, 2023
Dallas-based Morrison Seger Venture Capital Partners has added Snaps Clothing Co. to its portfolio of brands. Snap co-founders Edgar Baronne and Patrick Lynn are modernizing the classic pearl snap shirt, aiming to make it a staple in everyone’s wardrobe.
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by Lance Murray |
Jul 17, 2023
With its new Dallas headquarters, fresh identity, and a mission to amplify "fan insights," Leap is set to integrate Epic's invaluable "experiential e-commerce data" into its comprehensive range of solutions.
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Photo: Blu Atlas
Dallas’ Foundry Acquires Blu Atlas Men’s Personal Care in 8-Figure Deal
by Lance Murray | Jul 14, 2023
“Blu Atlas has successfully cracked the code by offering high-quality products crafted from natural ingredients, accompanied by great fragrances and appealing packaging," said Foundry co-founder and CFO Matt Rhodes.
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by Lance Murray |
Jul 11, 2023
Nexus PMG said that with the new round of funding, it aims to broaden its primary service offerings including front-end engineering and design, development-as-a-service, and operational turnaround. By focusing on things like turning organic waste streams into renewable natural gas, Nexus says it is "at the forefront" of the energy transition.
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by David Seeley |
Jul 10, 2023
The advanced infrared targeting sensor systems "enhance lethality, survivability, and situational awareness in austere environments, providing combat overmatch for the Army's ground combat platforms," RTX said in a statement, adding that the Dallas suburb of McKinney will be the primary work location for the project.
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by Lance Murray |
Jun 29, 2023
Backflip said that first-time and experienced residential real estate investors "from Alaska to Hawaii" can now leverage its data, technology, and capital to make better real estate investment decisions and fund the rejuvenation of the nation's 65 million aging homes. The startup, which raised $35 million in a funding package last year, also announced a C-suite hire and an Austin startup acquisition.
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A solar project as seen on the Procurement page of Primoris Services' website. The company has been awarded $770 million in solar projects, according to a June 27, 2023, announcement. [Photo: Primoris Services]
Dallas-Based Primoris Services Awarded $770M in Solar Projects
by Dallas Innovates | Staff Report | Jun 28, 2023
The awards are for "the engineering, procurement, and construction of three utility-scale solar facilities with a combined generation capacity of over 1.4 GW located in the Southwest," the company announced. See why the projects were awarded, according to Tom McCormick, the company's president and CEO—and catch up on two big leadership moves Primoris made earlier this year.
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by Lance Murray |
Jun 27, 2023
Dallas-based private equity firm Trinity Hunt Partners has acquired Washington, D.C.-based REQ, a digital marketing and advertising company.
Founded in 2008, REQ serves some of the world’s most recognized and dynamic brands and joins previous acquisitions, Exclusive Concepts and Highnoon, creating a platform for scalable growth that delivers measurable impact for marketers and business leaders aspiring to challenge the status quo, Trinity Hunt said....
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by Lance Murray |
Jun 26, 2023
“The opportunity to acquire a significant scale of historic, creative properties spread across enough land to establish a new urban district is really compelling," said developer Evan August in the DMN.
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by Lance Murray |
Jun 26, 2023
Dallas-based Ashford Securities LLC announced that it has reach the $500 million milestone in capital raised in less than two years of serving investors via the independent broker-dealer and RIA distribution channels, including $42.1 million from institutions.
“Our goal is to provide highly differentiated investment products to financial intermediaries. I would like to take this opportunity to thank all of our distribution partners for our tremendous success....
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WJHW was involved in the design of the sound systems and audiovisual at Dickies Arena.
Fort Worth’s Dickies Arena Named by Billboard as One of World’s Top-Grossing Venues
by David Seeley | Jun 20, 2023
Billboard Magazine's Mid-Year Touring Report has placed Fort Worth's Dickies Arena near the very top of the world's top-grossing venues for arenas seating 10,000 to 15,000. The mid-2023 report lists a total gross revenue of $39.9 million for Dickies Arena, placing it No. 2 on the global list after only Glasgow, Scotland's OVO Hydro Arena, which snagged $40.4 million. See the other top U.S. venues that Dickies just dusted.
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by Lance Murray |
Jun 17, 2023
Dallas-based SpotSee announced that it acquired unique temperature indicator technologies and intellectual property from Sensor International in May. SpotSee is a global leader in environmental condition monitoring solutions, and the deal represented SpotSee’s second acquisition within two weeks....
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by Lance Murray |
Jun 15, 2023
The Mesquite plant, to be located in a 91-acre industrial park at 3000 Skyline Drive, will be Canadian Solar's first U.S. manufacturing facility, adding to its other plants in Canada, China, Brazil, Thailand, and Vietnam. The project is expected to bring 1,500 jobs to the city, the company said.
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by Lance Murray |
Jun 15, 2023
The planned merger is between Dallas-based Blackbox and Evtec Group Limited, Evtec Aluminium Limited, and Evtec Automotive Limited. The merger was previously announced on April 17.
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