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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: Max Zolotukhin/istockphoto]
Dallas’ Mr. Cooper Group to Acquire Wholesale Mortgage Lender for $324M Cash
by Lance Murray | May 11, 2023
Michigan-based Home Point Capital Inc. provides mortgage servicing on single-family residences throughout the U.S. Mr. Cooper said that as part of the transaction, it will assume $500 million in outstanding Home Point 5% senior notes that are due in February 2026.
by Lance Murray |
May 9, 2023
The School of Arts, Humanities, and Technology at the University of Texas at Dallas will now be called the Harry W. Bass Jr. School of Arts, Humanities, and Technology following a $40 million gift to the university from the Harry W. Bass Jr. Foundation. “The impact of this gift cannot be overstated,” says Bass School Dean Dr. Nils Roemer.
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by Lance Murray |
May 9, 2023
Founded in 2008, Managed Lab Services delivers cutting-edge laboratory support solutions to keep labs operating optimally, including vendor-managed inventory, lab support, project management, and IT operations. Flagship said it also recently acquired Biotechnical Services, an independent lab services company that specializes in lab equipment repair, calibration, and maintenance.
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by Lance Murray |
May 8, 2023
From its scrappy beginnings in Texas in 2007, MB2 Dental has grown into a nationwide network of over 550 practices across 38 states. The organization's doctor partners are also shareholders, giving them financial freedom and a say in decision-making for patient care. With a record-breaking $20M fundraising round and a new $150M debt facility, the DPO is poised for more growth.
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Dallas’ SpotSee Acquires Calif.-Based Marathon Products, Maker of Cold Chain Monitoring Solutions
by Lance Murray | May 5, 2023
Dallas-based SpotSee, a global leader in condition-indicating and monitoring solutions, has acquired Marathon Products a provider of temperature and humidity dataloggers.
SpotSee is a Harbour Group company, and the announcement was made by Jeff Fox, Harbour Group’s chairman and chief executive. No financial details were released.
“SpotSee has been focused on bringing new products and capabilities to its customers across a variety of end markets....
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by Lance Murray |
May 4, 2023
A new enhanced wireless platform will improve service for those who are leaving on a jet plane or working at Dallas Fort Worth International Airport.
DFW Airport announced a new partnership with Dallas-based AT&T to provide the airport with a comprehensive wireless platform (CWP) to enhance connectivity and critical infrastructure....
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by Lance Murray |
May 3, 2023
Improving, a Dallas-based modern digital services company, has acquired Jump Analytics, a technology firm specializing in advanced analytics and corporate performance management, with offices throughout Canada. Improving said the transaction is expected to increase its annualized revenue exceeding $290 million and will further its geographic reach throughout North America.
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by Lance Murray |
May 2, 2023
As telcos around the world make the shift from hardware-based to software-based networks, Richardson-based Mavenir is leading the charge toward this major industry transformation. President and CEO Pardeep Kohli says the new capital “will allow us to accelerate our capabilities in automation, sustainability, and use of AI as we enable our customers to efficiently deploy and operate Open RAN based end-to-end cloud-native networks."
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BGSF's Beth Garvey
BGSF Completes Acquisition of Nearshore/Offshore Workforce Solutions Firm
by Lance Murray | Apr 26, 2023
BGSF CEO Beth Garvey says the addition of the Nashville-based workforce solutions firm allows the company to offer software development and IT consulting services and solutions using resources located outside of the U.S.
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by Lance Murray |
Apr 26, 2023
U.S. Energy Development Corp. is expanding its footprint in the Permian basin, building on its existing investments of over $400 million in the region over the past year. According to CEO Jordan Jayson, many operators in the Permian region are turning to innovation and advanced tech to tap into the remaining potential of the area, improve efficiency and safety, and maintain high levels of output.
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by Lance Murray |
Apr 26, 2023
Global alternative asset management firm TPG has closed TPG Tech Adjacencies II, the firm’s second fund for its strategy dedicated to providing flexible capital solutions to the technology industry....
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by Lance Murray |
Apr 26, 2023
"It’s no secret that real estate is booming in Texas," says Evernest founder and CEO Matthew Whitaker. The acquisition marks Evernest's entry into the Texas real estate market and its 18th acquisition in the past year.
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UT Southwestern's Clements University Hospital [Photo: UTSW]
Research Bridge Partners and Lyda Hill Philanthropies Fuel UT Southwestern’s Biotech Spinouts With $4 Million Investment
by Lance Murray | Apr 20, 2023
The initial investment will support the commercialization of life science research, including identifying researchers with entrepreneurial mindsets, safeguarding intellectual property, and recruiting key executives.
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by Lance Murray |
Apr 17, 2023
Blackboxstocks is a financial technology and social media hybrid platform offering real-time proprietary analytics for stock and options traders of all levels. Its proposed merger with U.K.-based Evtec—a supplier of proprietary parts for leading luxury, performance, and electric vehicle brands including Jaguar Land Rover, Aston Martin, and Ford, among many others—sent Blackbox stock sharply higher this morning.
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by David Seeley |
Apr 17, 2023
Colorado-based Movement Climbing, Yoga and Fitness—a national leader in indoor climbing gyms—just got a bigger toehold in North Texas with the acquisition of four Summit Climbing, Yoga and Fitness Gyms' locations in Grapevine, Plano, Denton, and Fort Worth. Movement already operated climbing, yoga, and fitness gyms in the Dallas Design District and Dallas' The Hill Shopping Center.
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by Lance Murray |
Apr 14, 2023
Dallas-based global tax services and software provider Ryan has acquired RETC Group (RETC), a property tax consulting firm also based in Dallas. It’s a deal that adds to Ryan’s growing property tax practice....
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