What companies are finding funding or having a big exit? From startup investments to grants and acquisitions, Dallas Innovates tracks what’s happening in North Texas money every Thursday. Sign up for our e-newsletter to stay in the loop.
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Airport video lounge company Gameway raises $530K
Gameway Inc., which has major operations at Dallas Fort Worth International Airport, reported in a filing with the U.S. Securities and Exchange Commission that it raised $530,060 of a $1.3 million equity round.
The Oregon-based tech company installed two video game lounges at DFW International Airport in 2018, and announced last year that it raised $100,001 in an equity funding round. In 2018, the company reported that it raised $300,000 in two equity rounds.
DFW Airport was the first in the nation to launch Gameway’s product, which charges the players per minute or on an unlimited basis. Each of the 36 stations set up at the airport has a lounge chair, noise-canceling headphones, the latest Xbox, and preloaded games.
Capital Southwest boosts credit facility to $325M
Dallas-based capital market company Capital Southwest Corp. announced it has increased its senior secured credit facility from $295 million to $325 million.
Capital Southwest is an internally managed business development company focused on providing flexible financing solutions to back the acquisition and growth of middle market businesses.
According to a statement, the increase was the result of adding a new lender, which brings its total lender group to 11 participants.
MERGERS & ACQUISITIONS
Integrity Marketing acquires Georgia firm
Dallas-based Integrity Marketing Group, an independent distributor of life and health insurance products focused on serving Americans, has acquired Killimett Agency (“FFL Southeast”), an insurance marketing organization located in Marietta, Georgia.
The company said that as part of the transaction, FFL Southeast President Mike Killimett will become an owner in Integrity. No financial terms of the partnership were released.
According to a statement, FFL Southeast has been providing Americans with insurance products and annuities for more than 10 years.
Restoration Builders buys Roof Angels
Arizona-based Restoration Builders Inc. has acquired Roof Angels, a Dallas-based 501(c) charity.
Roof Angels was founded in 2013 by Aspenmark Roofing and Solar CEO Chris Zazo. The charity provides roof replacement and repair assistance to homeowners in North Texas. Roof Angels seeks to assist families who cannot afford to manage the cost of replacement or repairs on their own, or who have no insurance to cover the costs, according to a statement.
Restoration Builders is a residential and commercial contractor, which says its mission is to protect, restore, and build properties, strengthen families, and support the community.
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