MORE►
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.
Keiretsu Forum North Texas Chapter President Kirk Otis [Source images: Keiretsu, Kirk Otis; Isidora Jakovljevic/istockphoto]
Global Angel Investor Network Launches First Texas Chapter in Dallas-Fort Worth
by Quincy Preston | Aug 29, 2023
Keiretsu Forum—one of the largest angel investor networks in the world and the No. 1 most active in the U.S. in 2022—says it's building on the momentum of the region's startup ecosystem. The new North Texas Chapter will kick off with its first meeting in September.
by Lance Murray |
Aug 28, 2023
Irving-based AgileThought, which went public in 2021 in a SPAC merger, is a global provider of digital transformation services and next-generation technology solutions. The company said its deal to go private involves roughly $22 million in new-money financing from Blue Torch Finance, subject to court approval.
MORE►
by David Seeley |
Aug 25, 2023
The Flower Mound-headquartered logistics startup says it's "disrupting the $270 billion airfreight market" by consolidating air cargo shipments via AI and machine learning. The $3.3M seed round led by Underscore VC will allow Aircon to invest in "deeper partnerships across the air cargo and freight markets," the company said. See how else Aircon plans to spend the new funding.
MORE►
by Lance Murray |
Aug 24, 2023
North Texas-based PMY Group—a global tech solutions company “well recognized in the sports and venues industry"—said it's diversifying its business into other infrastructure classes. In July, PMY announced its first institutional capital raise since the company’s 2009 founding in Melbourne by Paul Yeomans.
MORE►
Nathan Jeppson, CEO of Frisco-based NWH. [Photo: NWH]
Frisco-Based Global Lumber Supplier NWH Acquires Michigan Hardwood Manufacturer
by David Seeley | Aug 22, 2023
NWH—a leading global manufacturer and supplier of hardwood lumber—relocated its HQ to Frisco from the wooded climes of Spokane, Washington, in 2021. Helmed by CEO Nathan Jeppson, NWH operates 40-plus facilities nationwide. Its Post Hardwoods acquisition will strengthen its supply chain and enhance its hardwoods offerings, the company said.
MORE►
by Lance Murray |
Aug 21, 2023
Horizn co-founder and CEO Janice Diner, who will become Inbenta's head of marketing, says the acquisition helps set the AI platform apart from the "industry's text-reliant majority." The Horizn deal comes after Inbenta's announcement of its $40 million funding in January led by Tritium Partners and the official announcement of its Calif. to Texas move in March.
MORE►
by Lance Murray |
Aug 21, 2023
The company said its growth has continued in 2023, with more than $100 million of acquired revenue anticipated. The new funding is an expansion of the company's current credit facility with its existing lenders. USOSM says it partners with more than 180 oral and maxillofacial surgery practice locations across 26 states.
MORE►
by Lance Murray |
Aug 21, 2023
T72 Club, which reports having successfully led more than 15 startups to profitability, sees strong potential in the "groundbreaking" startup that brings iconic ad campaigns to autonomous delivery robots.
MORE►
Rendering: Fogo de Chão
Restaurant Brand Fogo de Chão to be Acquired by Bain Capital Private Equity
by Lance Murray | Aug 17, 2023
Plano-based Fogo de Chão announced it will be acquired by Bain Capital Private Equity to accelerate its growth and expansion, the internationally renowned restaurant brand from Brazil announced.
Fogo said it will continue to operate under its current management team, led by Chief Executive Officer Barry McGowan. Funds affiliated with Rhône Capital have owned Fogo since taking the company private in 2018....
MORE►
by Lance Murray |
Aug 17, 2023
Dallas-based Energy Transfer LP has agreed to acquire Houston-based Crestwood Equity Partners in an all-equity transaction valued at roughly $7.1 billion.
Included in the deal is the assumption of $3.3 billion of debt, based on the closing price on Aug. 15, Energy Transfer said. The deal is expected to close in the fourth quarter....
MORE►
by Lance Murray |
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....
MORE►
by Lance Murray |
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.
MORE►
WJHW was involved in the design of the sound systems and audiovisual at Dickies Arena.
PMY Group Invests in WJHW Expansion to Extend Tech Design Firm’s Global Reach
by Quincy Preston | 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.
As part of PMY's strategy, the company said it plans to relocate its global headquarters from Melbourne to the United States.
MORE►
by Lance Murray |
Aug 14, 2023
BeautyBio, known for merging skincare with unique beauty tools, transformed the at-home beauty scene and grew a devoted following. Now the "Truth in Beauty" brand, founded by model and entrepreneur Jamie O'Banion in 2011, is starting a new chapter.
MORE►
by Lance Murray |
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.
MORE►
by David Seeley |
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.
MORE►
