Archive for the ‘Exit’ Category

$1.2 Billion Dollar Acquisition for Dallas-based provider of tax-focused wealth management services

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Avantax, a Dallas-based provider of tax-focused wealth management services and software, entered into a definitive agreement to be acquired by Cetera Financial Group, via its financial sponsor Genstar Capital, for approximately $1.2B.The company has a market cap of approximately $940M.

Dallas-Based MobileComm Acquired by California Company

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Dallas-based global telecom engineering firm MobileComm has been acquired by UST, a leading IT services company based in California. UST said the acquisition and integration of MobileComm’s more-than 1,300 employees will “significantly strengthen” its telecommunications practice and position the company

Dallas Skincare & Beauty Device Company BeautyBio Acquired by Utah-Based Rhyz

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BeautyBio, a Dallas-based leader in skincare and beauty devices, has been snapped up by Rhyz Inc., a Utah-based subsidiary of Nu Skin Enterprises Inc. BeautyBio was founded by Jamie O’Banion in 2011 and combines efficacious, award-winning skincare with patented beauty

Dallas’ Omni Logistics To Merge with Forward Air After Companies Earned $3.7B Revenue Over 12 Mos.

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In a deal involving two logistics industry stalwarts, Dallas-based Omni Logistics and Tennessee-based Forward Air Corp. have agreed to merge their companies in a cash and stock transaction, creating a combined operation that generated roughly $3.7 billion of combined adjusted

Dallas’ Fiesta Restaurant Group To Be Acquired for a Reported $225M

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Dallas-based Fiesta Restaurant Group—parent company of the Pollo Tropical restaurant brand—is being acquired by New York-based Authentic Restaurant Brands, a portfolio company of Garnett Station Partners. The all-cash transaction totals $225 million, according to the Wall Street Journal. Pollo Tropical had

Dallas Fintech Startup IndyFin Acquired by WiserAdvisor

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Dallas-based fintech Indyfin has been acquired by WiserAdvisor, a Virginia-based investor referral generation platform for financial advisors and advisory firms. Founded in 2018, Indyfin launched the platform in 2022. The startup was a finalist at The Innovation Awards 2023 from

Last-Mile Delivery: Plano’s PICKUP Now Merges with Connecticut-Based Company

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Plano-based PICKUP Now is merging with Point Pickup Technologies, a leading provider of enterprise-only, retail-branded fulfillment and delivery services. PICKUP is an enterprise-grade, last-mile delivery service focused on larger item delivery and assembly. The companies said their strategic partnership creates

Dallas-Based TRIPBAM Acquired by L.A. Business Travel Management Firm

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TRIPBAM, a Dallas-based online hotel reservation platform, was acquired by Emburse, a Los Angeles-based leader in travel and expense management, via its financial sponsor K1 Investment Management for an undisclosed amount. TRIPBAM investors include Jaws Ventures and

Axis Security, a Plano-based cloud security platform, was acquired by Hewlett-Packard (NYS: HPQ) for $500M

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Axis Security, a Plano-based cloud security platform, was acquired by Hewlett-Packard (NYS: HPQ) for $500M. The company had raised approx. $103M from investors including Spark Capital, Ten Eleven Ventures, Canaan Partners and Cerca Partners. Read more at HelpNetSECURITY

 

Gearbox Entertainment Acquires Fellow Frisco Company Captured Dimensions

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Frisco-based The Gearbox Entertainment Co. has acquired Captured Dimensions, another Frisco-based company that specializes in 3D capture, scanning, and reconstruction services. Gearbox said that Jordan Williams will continue as head of Captured Dimensions and report directly to Randy Pitchford, president