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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.
[Image: Myvector/iStockphoto]
The Last Word: Susan G. Komen’s Paula Schneider on Nearly $20M in 2023 Breast Cancer Research Grants
by Lance Murray | Jun 28, 2023
Dallas-based Susan G. Komen said the $19.3 million in grants will support its mission to end breast cancer through funding two focus areas: advancing precision medicine and eliminating disparities in breast cancer outcomes, while continuing the organization's commitment to supporting the next generation of diverse leaders in breast cancer research.
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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Jordan Miller is co-founder and CEO of Yendo [Photo LinkedIn]
Dallas-Based Yendo Raises $24M in Series A Funding
by Lance Murray | Jun 21, 2023
The funding will empower Yendo to make key hires, improve the product experience, and help more people by offering the card in more states. As part of the deal, lead investor Wesley Chan will join the board, the company said.
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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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Angel Park Golf Club [Photo: Business Wire]
Dallas-Based Arcis Golf Snaps Up Three of the West’s Marquee Golf Courses
by David Seeley | Jun 13, 2023
The clubs in Las Vegas, Scottsdale, Arizona, and Rancho Santa Margarita, California, all feature stunning views and vistas, adding to what Arcis Founder and CEO Blake Walker calls his "irreplaceable portfolio" of almost 70 golf clubs—the second-most in the U.S. after only fellow Dallas company Invited.
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by Lance Murray |
Jun 12, 2023
LineLeader ChildcareCRM says its childcare platform empowers businesses to grow enrollment, boost family engagement, and simplify center management. The investment from L.A.-based Marlin aims to "accelerate its product development, expand its market reach, and deliver even greater value to its customers."
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by Lance Murray |
Jun 9, 2023
General Motors said the investment will enable it to strengthen its industry-leading full-size SUV business. Since 2013, GM has announced nearly $2 billion in investments for its Arlington Assembly plant. See why the company is committed to offering internal combustion engine vehicles for years to come—despite its plan to spend $35 billion on electric and autonomous vehicle development by 2025.
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by Lance Murray |
Jun 8, 2023
Loopback, under founder Neil Smiley's leadership, is at the forefront of integrating advanced data analytics into life sciences. Now, Loopback is set to widen its horizon, thanks to a strategic growth investment from PSG.
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Deep Cognition CEO Kurt Knapton and CTO Mandeep Kumar [DI; Photo source, Deep Cognition]
Software Developer Deep Cognition Looks To Bolster Its B2B Sales After Snagging $1.25 Million for AI Platform
by Glenn Hunter | Jun 7, 2023
The Dallas company’s PaperEntry product targets customers wanting to save time and money by automating their data-entry process with artificial intelligence.
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by Lance Murray |
Jun 7, 2023
Farmer Brothers—a leading roaster, wholesaler, equipment servicer and distributor of coffee, tea, and more—will keep its corporate headquarters in Northlake at its current location near the Texas Motor Speedway. But the company is moving a key part of its business to Oregon.
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by Lance Murray |
Jun 5, 2023
Dallas-based Trinity Hunt Partners announced a majority investment in Centricity Research, a clinical research services provider specializing in conducting Phase I-IV clinical trials across more than 40 therapeutic areas.
The amount of the investment was not disclosed.
“We are confident that Trinity Hunt’s expertise in partnering with growing healthcare services companies and its shared commitment to providing an empowering team environment will help us drive innovation and make significant strides as we continue to expand,” Centricity President Dr....
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by Lance Murray |
Jun 5, 2023
HomeServices of America has increased its ownership stake in Dallas-based title insurance underwriter Title Resources Group.
Minnesota-headquartered HomeServices of America is a Berkshire Hathaway affiliate and one of the nation’s largest residential real estate companies based on closed transactions. No financial details were released.
“We are excited to deepen our relationship with Title Resources Group and other partners at Centerbridge, Anywhere and Opendoor,” HomeServices CEO Gino Blefari said in a statement....
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