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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.
Energy Transfer LP, a Dallas-based midstream energy company, will acquire Lotus Midstream Operations LLC, based in Sugar Land, for $1.45 billion in a deal that includes $900 million in cash and approximately 44.5 million newly issued Energy Transfer common units. The acquisition will add Centurion Pipeline Company LLC, an integrated, crude midstream platform in the Permian Basin, to Energy Transfer's portfolio.
Dallas’ Energy Transfer to Acquire Lotus Midstream in $1.45B Deal
by Lance Murray | Mar 28, 2023
Energy Transfer LP, a Dallas-based midstream energy company, will acquire Lotus Midstream Operations LLC, based in Sugar Land, for $1.45 billion in a deal that includes $900 million in cash and approximately 44.5 million newly issued Energy Transfer common units. The acquisition will add Centurion Pipeline Company LLC, an integrated, crude midstream platform in the Permian Basin, to Energy Transfer's portfolio.
by Dallas Innovates | Staff Report |
Mar 28, 2023
UT Southwestern says the funding award is a significant step towards improving postpartum health outcomes for low-income women of color. The study aims to determine the best way to use technology to improve access to maternal health care and decrease complications after birth.
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by Lance Murray |
Mar 22, 2023
Ranger Investment Management LP, a Dallas employee-owned boutique investment manager specializing in small- and micro-cap U.S. growth strategies, has been selected by Spanish wealth advisory firm Orienta Capital to manage a micro-cap growth portfolio within its new Acimut North American Managers FI Fund.
Ranger Investments is one of four U.S. asset managers awarded mandates from Orienta Capital after company officials researched and visited more than 200 investment boutiques specializing in U.S....
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by Sandra Engelland |
Mar 22, 2023
From seasoned venture capitalists to up-and-coming angels, investors are setting their sights on North Texas. Many now call the region home. Here are six new North Texans who want to use their investment dollars to take big swings and make an impact.
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Trinity Hunt Partner Mike Steindorf
Dallas-based Trinity Hunt Partners Makes Majority Investment in Supreme Optimization
by Lance Murray | Mar 15, 2023
Dallas-based growth-oriented private equity firm Trinity Hunt Partners announced a majority investment in Supreme Optimization, a digital marketing agency focused exclusively on life sciences.
No financial details were released.
Founded in 2015 and based in Southern California with a team distributed across the U.S., Canada, and UK, Supreme has grown rapidly to become a thought leader in the life sciences marketing space, combining top digital marketing strategies with deep scientific expertise to deliver exceptional results for clients, Trinity Hunt Partners said....
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by Lance Murray |
Mar 13, 2023
“Our researchers continue to push the envelope on developing a better understanding of cancer and new ways to help cancer patients in Texas and beyond,” said Center Director Carlos L. Arteaga, M.D.
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by Lance Murray |
Mar 13, 2023
The electric Central Utilities Plant will run on 100% renewable electricity, aiding DFW AIrport in its goal to be carbon net zero by 2030. Energy enhancements to Terminal D will include smart glass, sensors, high-efficiency HVAC, eco-friendly roofing, and passenger boarding bridges with advanced controls for use in DFW’s digital twin program.
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by Lance Murray |
Mar 13, 2023
Irving-based Austco said it plans to integrate Vayyar Care devices, roughly the size of a smoke detector, directly with its Tacera nurse call platform to power several solutions for independent living and aged care, remote patient monitoring, and dementia/memory care.
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Trinity Industries Acquires RSI Logistics in Deal Valued at $70M
by Lance Murray | Mar 10, 2023
In a deal valued at $70 million, Dallas-based Trinity Industries Inc. has acquired RSI Logistics, a data-centric provider of proprietary software, logistics services, and terminal management solutions to the North American rail industry.
“We are excited about the acquisition of RSI Logistics. It is another step as we seek to expand our service offerings with complementary solutions that make rail a more compelling mode of transportation....
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by David Seeley |
Mar 6, 2023
Lincoln Residential will continue to be headquartered in Dallas, a spokesperson told Dallas Innovates. As part of the acquisition, Duncan Osborne will succeed long-time CEO Tim Byrne, who is retiring.
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by Lance Murray |
Mar 6, 2023
The newly formed subsidiary, Vistra Vision, will leverage Vistra and Energy Harbor's nuclear, retail, and renewables businesses to become a leading integrated retail electricity and zero-carbon generation company in the US. The merger provides the first opportunity to unlock the value of the Vistra Zero portfolio, says Vistra CEO Jim Burke.
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by Lance Murray |
Mar 2, 2023
ALTEN Group has acquired QA Consultants, an award-winning independent software quality engineering services company with an office in Dallas.
“We set out almost 30 years ago to create the world’s best quality engineering services firm and we have emerged as the North American leader in identifying risk for small and large enterprises....
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Dallas Fintech Zirtue Expands Its Platform to Include Existing Loans
by Glenn Hunter | Mar 2, 2023
The startup aimed at formalizing lending among family and friends adds a feature to ensure “paper-napkin IOUs” are less likely to damage relationships. “There are a lot of lenders out there that have multiple people that they’ve loaned money to,” says CEO and co-founder Dennis Cail. “And they’re like, ‘Look, if I have a chance of getting one of those loans paid back, it’s worth it.’"
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by Lance Murray |
Mar 1, 2023
Elevate Credit Inc., a Fort Worth-based tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, has been acquired in a deal valued at $67 million by Dallas-based Park Cities Asset Management LLC, an alternative asset manager focused on providing flexible capital solutions.
“Elevate is pleased to join Park Cities as we embark on an exciting new chapter, one that will allow us to better serve our customers and drive innovation within our business,” Elevate CEO Jason Harvison said in a statement....
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by Lance Murray |
Mar 1, 2023
Homz, which says it's the first national housing company to develop "wellness-centric" multifamily communities, aims to develop 50 communities over the next five years. The uniformed concept will feature clubhouses, pools, athletic fields, playgrounds, urban farms, Miyawaki forests, and more.
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by Lance Murray |
Mar 1, 2023
Tyler Technologies—whose headquarters campus is in Plano (above)—has acquired Massachusetts-based Safeground Analytics, a company providing real estate appraisals and assessments for states, counties, and municipalities. “Tyler has been the leader in the appraisal market for more than 80 years, and we remain committed to strengthening our service offerings in this space,” said Mark Hawkins, president of Tyler’s Property & Recoding Division.
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