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.
Dallas-based AI infrastructure startup Watter just rolled out a waste-heat-to-water platform for commercial buildings. Its first customer: Hyatt Regency Dallas at Reunion Tower.
Watter’s hardware captures heat from computer servers inside a commercial building and converts it to hot water for the building....
To grow production of critical munitions, Bethesda, Maryland-based Lockheed Martin announced plans to add 2,000 new jobs in Texas and 4,000 more across the United States. It also will expand advanced manufacturing at its Grand Prairie Missiles and Fire Control campus by 185,000 square feet....
Dallas-based AI infrastructure startup Watter just rolled out a waste-heat-to-water platform for commercial buildings. Its first customer: Hyatt Regency Dallas at Reunion Tower.
Watter’s hardware captures heat from computer servers inside a commercial building and converts it to hot water for the building....
To grow production of critical munitions, Bethesda, Maryland-based Lockheed Martin announced plans to add 2,000 new jobs in Texas and 4,000 more across the United States. It also will expand advanced manufacturing at its Grand Prairie Missiles and Fire Control campus by 185,000 square feet....