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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: Collins Aerospace
Collins Aerospace Awarded $36M USAF Contract to Develop Beyond-Line-Of-Sight Satellite Communications Pod
by Lance Murray | Aug 14, 2023
Collins, which has a Richardson-based secure communications division, will develop the pod with capability to connect with commercial and military satellites in low, medium, and geostationary orbits. The pod's goal: to enhance situational awareness and enable faster, better decisions "across the battlespace."
by Lance Murray |
Aug 10, 2023
A strategic alliance of the two industry leaders isn't just a merger; it's a calculated move to dominate the $15 billion expedited less-than-truckload market.
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by David Seeley |
Aug 10, 2023
RREAF's founder and CEO, Kip Sowden, says the RV sector "has astonishing growth opportunities stimulated by the economy and the evolution of remote work and school options." To feed that need, the newly acquired parks feature everythig from pickleball courts to "lazy rivers," "glamping tiny homes," and more.
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Fire Meets Ice: Solo Stove Family of Brands Brings Portable Air Conditioning Into Its Outdoor Lineup
by Lance Murray |
Aug 10, 2023
Solo Brands, with its hallmark commitment to consumer passion and community engagement, is adding IcyBreeze Cooling to its outdoor lifestyle product portfolio. The deal was finalized on July 1, as announced by Generational Equity, a Richardson-based mergers and acquisitions adviser for privately held businesses....
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Illustration: pilli/iStock
Havencrest’s Mental Health Platform Deep Eddy Grows With Dallas Expansion
by Lance Murray | Aug 7, 2023
The Dallas-based healthcare PE firm enhanced its mental health footprint by integrating Dallas Counseling into its Deep Eddy platform. It's set to become one of the largest outpatient mental health platforms in Texas with in-person and telehealth services.
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by David Seeley |
Aug 7, 2023
The parent company of the Pollo Tropical restaurant brand—which had locations in North Texas between 2014 and 2017 but never quite caught on with Tex-Mex loving diners here—now operates its Pollo Tropical locations mostly in Florida. Fiesta will now operate as a privately held company.
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by Quincy Preston |
Aug 3, 2023
Dallas-based Cypress Growth Capital is defying norms in the funding landscape. Not your traditional venture capitalist, this trailblazing firm hit a landmark with its 50th portfolio investment—and fourth major play this year—a $4 million stake in medical records disruptor, ChartSquad. Managing Director Vik Thapar peels back the curtain on the firm's unique model, which fosters rapid growth without diluting entrepreneurial control.
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by Lance Murray |
Aug 3, 2023
Dallas-based NaturalShrimp recently signed an agreement with Japan's Niterra to trial its patented technology in Japanese aquaculture farms for shrimp production.
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Virginia-based WiserAdvisor called Indyfin's investor experience review platform "a game-changer for the wealth management industry." Founded in 2018, Indyfin launched the platform in 2022. The startup was a finalist at The Innovation Awards 2023 from Dallas Innovates and D CEO.
Dallas Fintech Startup IndyFin Acquired by WiserAdvisor
by Lance Murray | Aug 2, 2023
Virginia-based WiserAdvisor called Indyfin's investor experience review platform "a game-changer for the wealth management industry." Founded in 2018, Indyfin launched the platform in 2022. The startup was a finalist at The Innovation Awards 2023 from Dallas Innovates and D CEO.
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by Lance Murray |
Aug 1, 2023
When a 96-year-old company acquires a 104-year old company, some may think about the past. But Freeman and Sparks see their union as building toward the future—and "the immense potential" the two could share together.
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by Lance Murray |
Jul 31, 2023
Emma Yang, an industrial engineering expert, will use the funds to purchase 3-D hybrid manufacturing equipment that can print metals and alloys. UT Arlington calls the equipment critical to the education of the next generation of scientists and engineers.
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by Lance Murray |
Jul 30, 2023
Sabre Corp., the Southlake-based provider of software and technology for the travel industry, has acquired Techsembly, a U.K.-based hospitality e-commerce provider.
No financial details of the transaction were released.
“Sabre’s agreement with Techsembly reaffirms our position as a leading global hotel commerce and distribution platform in the hospitality industry,” Sabre Hospitality President Scott Wilson said in a statement....
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Photo: gorodenkoff/iStock
Irving-Based Fluor Awarded More Than $1 Billion in Life Sciences Contracts
by Dallas Innovates | Staff Report | Jul 28, 2023
“Delivering these projects will help to increase the speed-to-market and meet the overwhelming demand for new medicines," said Richard Meserole, president of Fluor’s advanced technologies and life sciences business.
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by Lance Murray |
Jul 28, 2023
Founded in 2002, rare disease drugmaker Reata has made significant advances in therapeutics that regulate cellular metabolism and inflammation in serious neurologic diseases. The company's FDA-approved SKYCLARYS is the first and only approved treatment in the U.S. for Friedreich’s ataxia, a genetic nervous system disorder.
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by Lance Murray |
Jul 27, 2023
Trintech said the reconciliation business will act as a springboard for innovation, expanding the company's accounting automation platform. Frontier Reconciliation and Accurate Reconciliation are used by more than 400 blue-chip clients worldwide, including eight of the top 10 banks and two of the top three insurance companies in the U.S.
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by Lance Murray |
Jul 27, 2023
Founded in 1981, Sierra Machinery is a premier full-service distributor of construction, mining, and industrial equipment, representing Volvo Construction Equipment, Doosan, Gradall Excavators, Chicago Pneumatic, Gomaco, Terex MPS, Etnyre, and Epiroc, Superior Broom, Bomag, and SkyJack. ROMCO goes back even further, serving the Texas equipment market since 1961.
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