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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: PixieMe/Shutterstock]
Irving Broadcast Giant Nexstar Expands Reach With New YouTube TV Deal
by Lance Murray | Mar 13, 2023
The pact includes its 29 CW-affiliated television stations, its 26 MyNetworkTV affiliates, and its four independent stations in Chicago, Washington, D.C., Oklahoma City, and Baton Rouge. It also renews and extends YouTube TV’s carriage of America’s fastest-growing cable news network, NewsNation.
by Lance Murray |
Mar 10, 2023
In a deal valued at $70 million, Dallas-based Trinity Industries Inc. has acquired RSI Logistics, a data-centric provider of proprietary software, logistics services, and terminal management solutions to the North American rail industry.
“We are excited about the acquisition of RSI Logistics. It is another step as we seek to expand our service offerings with complementary solutions that make rail a more compelling mode of transportation....
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by David Seeley |
Mar 6, 2023
Lincoln Residential will continue to be headquartered in Dallas, a spokesperson told Dallas Innovates. As part of the acquisition, Duncan Osborne will succeed long-time CEO Tim Byrne, who is retiring.
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by Lance Murray |
Mar 6, 2023
The newly formed subsidiary, Vistra Vision, will leverage Vistra and Energy Harbor's nuclear, retail, and renewables businesses to become a leading integrated retail electricity and zero-carbon generation company in the US. The merger provides the first opportunity to unlock the value of the Vistra Zero portfolio, says Vistra CEO Jim Burke.
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THE RIM scratch craft eats has locations in Fort Worth and Burleson. [Photo: Xperience Restaurant Group]
DFW’s Rio Mambo Tex Mex y Mas and THE RIM Scratch Craft Eats Acquired by California Co.
by Lance Murray | Mar 2, 2023
California-based Xperience Restaurant Group has acquired two restaurant brands from DFW-based RM Restaurant Group: Rio Mambo Tex Mex y Mas and THE RIM scratch craft eats, with locations in Fort Worth, Colleyville, Burleson, and Weatherford. “Building and operating these restaurants has been a passion of mine for over 22 years," said RMRG founder Brent Johnson.
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by Glenn Hunter |
Mar 2, 2023
The startup aimed at formalizing lending among family and friends adds a feature to ensure “paper-napkin IOUs” are less likely to damage relationships. “There are a lot of lenders out there that have multiple people that they’ve loaned money to,” says CEO and co-founder Dennis Cail. “And they’re like, ‘Look, if I have a chance of getting one of those loans paid back, it’s worth it.’"
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by Lance Murray |
Mar 1, 2023
Elevate Credit Inc., a Fort Worth-based tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, has been acquired in a deal valued at $67 million by Dallas-based Park Cities Asset Management LLC, an alternative asset manager focused on providing flexible capital solutions.
“Elevate is pleased to join Park Cities as we embark on an exciting new chapter, one that will allow us to better serve our customers and drive innovation within our business,” Elevate CEO Jason Harvison said in a statement....
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by Lance Murray |
Mar 1, 2023
Homz, which says it's the first national housing company to develop "wellness-centric" multifamily communities, aims to develop 50 communities over the next five years. The uniformed concept will feature clubhouses, pools, athletic fields, playgrounds, urban farms, Miyawaki forests, and more.
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Image: Jakarin2521/istockphoto
Trend Micro Acquires Security Operations Center Tech Provider Anlyz
by Lance Murray | Feb 23, 2023
Trend Micro says its acquisition of the Delaware-based company will extend its orchestration, automation, and integration capabilities. It will also enable enterprises and Managed Security Service Providers to improve operational efficiencies, cost effectiveness, and security outcomes.
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by Lance Murray |
Feb 22, 2023
"Scoot is a fun name, and it reflects the energy our product brings into meetings," founder and CEO Ed Stevens said. The dynamic virtual meeting startup will use the funding for product development and scalability to serve "a growing set of global customers."
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by Glenn Hunter |
Feb 22, 2023
The Dallas-based startup’s “conversational analytics platform” for interviewing and hiring gets an investment boost from the former co-CEO at Warburg Pincus. HireLogic’s platform uses AI to listen to in-person or remote job-candidate interviews and provide transcribed, “smart” synopses of the conversations.
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by David Seeley |
Feb 21, 2023
The Dallas Museum of Art is planning a major $150-$175 million expansion that will add flexible gallery spaces, reorganized entrances and circulation, and a reapportioned interior. But first all that needs to be designed. So the DMA has launched a Reimagining the Dallas Museum of Art International Design Competition. “This is a pivotal moment for the DMA," says its director, Dr. Agustín Arteaga.
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[Image: Meridix]
Plano’s Stack Sports to Acquire Video Streaming Platform Meridix
by Lance Murray | Feb 21, 2023
Illinois-based Meridix is an unlimited streaming platform for any size team or organization, simplifying covering sports "live at any level." Founded in 2016, Plano-based Stack Sports serves over 50 million users in 35 countries through its SaaS platform offerings serving customers like the U.S. Soccer Federation, Little League Baseball, and USA Lacrosse.
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by Lance Murray |
Feb 16, 2023
Dallas-based private investment firm Highlander Partners has acquired Black Sage Technologies, a provider of drone defense systems and technologies, from Acorn Growth Companies, a private equity firm exclusively investing in aerospace, defense, intelligence, and space....
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by Lance Murray |
Feb 16, 2023
Middle Market private equity firm Pharos Capital Group has sold its majority stake in portfolio company MOTION PT Group to Confluent Health.
Pharos is headquartered in Dallas and Nashville. No financial details were disclosed.
MOTION is a physical therapy, occupational therapy, and speech therapy company with 59 clinic locations across Connecticut, Maryland, Massachusetts, and New York....
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by Lance Murray |
Feb 15, 2023
Dallas-based Financial Strategies Acquisition Corp. has acquired Texas-based preclinical pharmaceutical company Austin Biosciences Corp.
Financial Strategies is a special purpose acquisition company led by CEO Alexander V. Schinzing. It said that upon the deal’s closing, Austin Biosciences will become a wholly owned subsidiary of the company.
Earlier this month, Financial Strategies announced that its board approved an extension of the period of time available to consummate the deal by one month from Feb....
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