Crux focuses on partnering with businesses in the consumer and commercial services industries with a strong presence in the Sunbelt region. Its five platform companies are HTeaO, Woody's Brands, Uncommon Brands, Superscapes Landscape & Irrigation, and Buff City Soap.
The iced tea franchising company has appointed Shane Clark as chief development officer and Michael Stoddard as vice president of IT. Both men bring extensive experience in their fields, positioning HTeaO for "continued growth and operational excellence" as the brand expands nationwide.
Since joining the middle-market private equity firm in 2022, James Kay has been a driving force behind Crux Capital's growth and value creation efforts, playing a pivotal role in sourcing, evaluating, and executing investment opportunities, the firm said.
With the hires of Kale Kolbe as senior associate and Christopher Herrod as analyst, the Dallas-based private equity firm aims to boost its core focus on consumer and services sectors while driving accelerated growth in its portfolio companies.
With locations in four Texas cities, Fuego Tortilla Grill is known for its roasted poblano queso and creative taco offerings. The acquisition by Crux Capital portfolio company Uncommon Brands was said to be "a significant step" in its mission to partner with differentiated, limited-service restaurant brands poised for growth.
Fort Worth-based HTeaO is quenching thirsts with "ultra-premium" iced teas and coffee at 68 locations in five states, with 93 units currently under construction. This week, Dallas-based Crux Capital and Trive Capital both decided to have a taste—by getting a minority stake in the company. HTeaO currently offers 26 flavors of fresh-brewed iced tea, from Root Beer to Sweet Blueberry Green to Sweet Turbo Citrus Energy Tea and more.
Defense tech firm Shield AI said it completed a live drone swarm exercise in Taiwan in which three Taiwanese-built drones flew a coordinated search mission under its Hivemind AI software instead of human pilots....
Dallas-based Stream Data Centers has named Nikki Kresse its chief human resources officer. She is joining an executive bench that has been evolving since Apollo funds took majority control of the hyperscale developer in August 2025....
Richardson-based Mavenir has hired a longtime Nokia executive to lead its expansion into a fast-growing corner of the cloud computing market known as neocloud. Neocloud is industry shorthand for providers that sell access to graphics processing units, or GPUs, built for AI and other high-performance workloads as a service....
Defense tech firm Shield AI said it completed a live drone swarm exercise in Taiwan in which three Taiwanese-built drones flew a coordinated search mission under its Hivemind AI software instead of human pilots....
Dallas-based Stream Data Centers has named Nikki Kresse its chief human resources officer. She is joining an executive bench that has been evolving since Apollo funds took majority control of the hyperscale developer in August 2025....
Richardson-based Mavenir has hired a longtime Nokia executive to lead its expansion into a fast-growing corner of the cloud computing market known as neocloud. Neocloud is industry shorthand for providers that sell access to graphics processing units, or GPUs, built for AI and other high-performance workloads as a service....