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.
Cascade Services was created through a partnership between Trive, LP First Capital, and an experienced management team to pursue acquisition opportunities in the residential HVAC, plumbing, and electrical services sector.
The Cascade team includes CEO Tyrone "Ty" Johnson, who previously was a Trive operating partner and chief executive officer of publicly traded Select Interior Concepts.
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.
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.
It was only last January that Trive Capital—a Dallas-based PE firm—formed Karman in a partnership with AMRO Fabricating and Aerospace Engineering. The Systima acquisition is the fifth transaction Trive has completed in the last 12 months in building the Karman platform into an aerospace and hypersonic powerhouse.
The acquisition by Thriving Brands was announced in June, but Trive's involvement was only revealed today. Terms of the deal were not disclosed. In 2006, Henkel and its U.S. Dial division acquired Right Guard, Dry Idea, and Soft & Dry from Proctor & Gamble for $420 million.
The new platform, now operating in Los Angeles, is already among the largest independently owned suppliers focused on manufacturing complex systems in the space, missile, interceptor, and hypersonic markets, the firm says.
You’ll find news about more than $6.4B in deals. Trive Capital, Cresco Capital Partners, Prologis, WatchGuard, Rent-A-Center, Comstock Resources, Covey Park Energy, Interstate Restoration, and Temperature Control Systems also are included in this roundup of funding, merger, and acquisition activity in North Texas.
You’ll also find news about American Beacon Advisors, Learfield-IMG College, Veritex, HealthLine Solutions, and Mayrath & Co. in this roundup of investment, merger, and acquisition activity involving companies and investors with ties to North Texas.
“A car isn’t just a car today. New vehicles offer systems and components that deliver enhanced computing power but also broaden the cyber-attack surface.”
Brian Gorenc VP of Threat Research
Trend Micro
.…on...
Throw a rock in North Texas—or Silicon Valley or Austin or NYC—and chances are you’ll hit someone who’s working on an AI breakthrough. But please don’t do that. It wouldn’t be nice, and according to the U.S....
“A car isn’t just a car today. New vehicles offer systems and components that deliver enhanced computing power but also broaden the cyber-attack surface.”
Brian Gorenc VP of Threat Research
Trend Micro
.…on...
Throw a rock in North Texas—or Silicon Valley or Austin or NYC—and chances are you’ll hit someone who’s working on an AI breakthrough. But please don’t do that. It wouldn’t be nice, and according to the U.S....