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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.
[Photo: Drive Shack]
Golf Entertainment Company Drive Shack Begins Trading on the OTCQX Market
by Lance Murray | Feb 2, 2023
The move comes several weeks after Dallas-based Drive Shack—whose portfolio consists of American Golf, Drive Shack, and Puttery—voluntarily delisted from the NYSE.
“We are excited to trade on the OTCQX market to allow efficient, cost-effective access to the U.S. capital markets and transparent trading for our investors as we drive to increase shareholder value in the public markets,” said Hana Khouri, the company's president and CEO.
by Lance Murray |
Jan 25, 2023
McKinney-based bakery and dessert manufacturer Cookies-n-Milk has been acquired by Ohio-based JTM Foods, a portfolio company of Tenex Capital Management, a New York City-based investment firm....
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by Lance Murray |
Jan 23, 2023
Caris Life Sciences, the Irving-based biotech company, announced Thursday that it closed a senior secured term loan providing up to $400 million in capital from OrbiMed and Braidwell, bringing its funding total since 2018 to roughly $1.7 billion....
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by Lance Murray |
Jan 20, 2023
North Texas educational institutions received more than $5.5 million of the more than $54 million in Jobs and Education for Texans grants awarded by the Texas Workforce Commission to public community, state, and technical colleges, school districts, and open enrollment charter schools across the state.
Among the grants awarded were ones to Collin College and seven North Texas area school districts....
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Illustration: TimArbaev/iStock
Fort Worth’s TXO Energy Partners Announces Launch of Initial Public Offering
by Lance Murray | Jan 19, 2023
Newly renamed from Morningstar Partners LP, TXO Energy Partners has applied to list its common units on the New York Stock Exchange under the ticker symbol “TXO.” The initial public offering price is expected to be between $19 and $21 per common unit.
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by Lance Murray |
Jan 19, 2023
Plano-based IT services firm Improving said the deal is expected to increase its annualized revenue exceeding $275 million and will further its geographic reach throughout the U.S. and Latin America. In addition to its Plano HQ, Zigatta has offices in Guadalajara, Mexico.
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by Dallas Innovates | Staff Report |
Jan 17, 2023
Don't miss your chance to get our biggest-ever Dallas Innovates magazine. Request a complimentary copy of the once-a-year limited edition now.
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by David Seeley |
Jan 13, 2023
An active VC investor for nearly 15 years, Healy went in full-bore in September by founding Morrison Seger Venture Capital Partners. With $5 million raised since its launch, the"MoSe" fund has focused on Tiff's Treats, Siempre Tequila, laundry and dryer fragrance startup Laundry Sauce, and Catch'N Ice Cream.
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Dallas-Based Conversational AI Platform Inbenta Rakes in $40M Investment
by Lance Murray | Jan 11, 2023
Requiring virtually zero data training and achieving a 90% correct answer rate, Inbenta's solutions are fully configurable, deployable within seconds, interoperable across multiple platforms, and perpetually advancing through billions of customer interactions across 35 languages, the company said.
"Inbenta's conversational AI is a game changer for any business that has to handle customer inquiries, whether simple questions or more complicated tasks," says CEO Melissa Solis.
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by Lance Murray |
Jan 11, 2023
Dallas-based Integrity Marketing said the acquisition is one of the largest transactions in its history, and will accelerate its strategy by strengthening its holistic offerings for financial planning and amplifying its wealth management expertise.
The $40 billion figure is double what Integrity had under management and advisement just two years ago.
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by David Seeley |
Jan 11, 2023
ShiftKey raised $300 million in the funding round, according to Axios, making the company North Texas' newest double unicorn. ShiftKey's platform enables healthcare professionals to browse, bid on, and work nearby shifts to cover for absentee workers—helping to grow a strained healthcare labor pool nationwide.
"What a way to kick off 2023!" Founder and CEO Tom Ellis said on LinkedIn today. "Growth—not for the sake of growth, but IMPACT."
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![Illustration of the Orthofix FIREBIRD SI Fusion System with NANOVATE technology [PHOTO: Business Wire]](https://s24806.pcdn.co/wp-content/uploads/2020/10/Orthofix-970-businesswire-360x203.jpg)
by Lance Murray |
Jan 10, 2023
Lewisville-based Orthofix will merge with and into California-based SeaSpine, completing a previously announced merger of equals. “The completion of this merger catalyzes our ambition to be an industry leader in spine and orthopedics,” said Keith Valentine, president and CEO of Orthofix. "Together we are stronger and better positioned to deliver innovative, quality-driven solutions for surgeons in their work to improve patients’ lives.”
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[Photo: Amornrat Phuchom/iStock]
Addison’s Medix Infusion Nets $35M Series B Funding for Growth, Acquisitions
by Lance Murray | Jan 10, 2023
Medix Infusion creates access to infusion therapy for patients in rural, suburban, and other underserved markets. The company says it will use the funds to support organic growth and acquire the infusion operations of the Center for Neurology and Spine, a national leader in the treatment of neurological disorders that serves patients across five infusion suites in Arizona.
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by Lance Murray |
Jan 9, 2023
The grant will benefit HPISD's Moody Innovation Institute and its STEAM and MAPS initiatives, and expand the institute's programs to include the Moody Education Solutions Accelerator. Programs benefiting from the grant include those for mathematics education in grades K-8 and for dyslexia across the HPISD curriculum.
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by Quincy Preston and Lance Murray |
Jan 9, 2023
Worlds' platform brings AI-based automation directly into the ground-floor operations of large industrial companies—with IoT sensors, people, and processes all coming together inside a live digital twin. Companies can then reimagine their operations in ways that were previously impossible, co-founder and CEO Dave Copps says.
"We're fortunate because what we built is the right thing to have at the right time," Copps told us. "I think we're really in the catbird seat right now."
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by Lance Murray |
Jan 2, 2023
Cascade Services was created through a partnership between Trive, LP First Capital, and an experienced management team to pursue acquisition opportunities in the residential HVAC, plumbing, and electrical services sector.
The Cascade team includes CEO Tyrone "Ty" Johnson, who previously was a Trive operating partner and chief executive officer of publicly traded Select Interior Concepts.
The Cascade team includes CEO Tyrone "Ty" Johnson, who previously was a Trive operating partner and chief executive officer of publicly traded Select Interior Concepts.
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