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August 29, 2023 - Deals
Texas Ranchers Announce Diverse Ownership Group With Taylor Fritz And Kendra Scott For $X,XXX,XXX
ACQUISITION
IMAGE: Todd Graves , Kendra Scott, Scottie Scheffler, Zach Bryan, Cam Fordham, Alex Dermer, Ben Hiott ,Micah Parsons ,C.J. Stroud, Evan Floersch and Taylor Fritz
DATE: 08/22/2023
SELLER: Texas Ranchers (@Rancherspickleball)
SALE PRICE: $X,XXX,XXX
NOTE: The Texas Ranchers, one of the founding Major League Pickleball (MLP) teams, has announced a diverse ownership group consisting of over 30 influential individuals from sports, entertainment, business, and more. Owners include Founder and designer Kendra Scott, #1 ranked American Tennis Player Taylor Fritz, Raising Cane's founder Todd Graves, Evan Floersch, leading marketing group Get Engaged Media and its co-founders (Cam Fordham, Alex Dermer, Ben Hiott), Atlanta Falcons Bijan Robinson, radio personality Bobby Bones, United Talent Agency Partner Mike G , top NFL agent David Mulughetta, top-ranked golfer Scottie Scheffler, country music star Zach Bryan, Dallas Cowboys linebacker Micah Parsons, Houston Texans quarterback C.J. Stroud, and other prominent figures, with a commitment to expanding pickleball's popularity and impact by engaging local communities and promoting diversity, alongside supporting sustainability initiatives and fostering excitement for the sport. The Texas Ranchers are aiming to leverage the sport's rapid growth, particularly in Texas, to build a dynamic professional team that contributes positively to the sport and society.
HQ: #Austin #Texas
#VentureCapital #TexasRanchers #CamFordham #AlexDermer #BenHiott #TradedVC
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Ferrero Acquires Purely Elizabeth For Estimated $850 MillionPurely Elizabeth started with homemade muffins and a $5,000 bet from founder Elizabeth Stein. More than a decade later, the better-for-you food brand has grown to 30,000+ stores and is being acquired by Ferrero for an estimated $850M+.
Stein built the company slowly, waiting years before raising outside capital and expanding from Whole Foods into Target and Walmart. Now, she’ll remain CEO as Purely Elizabeth enters its next chapter under Ferrero.
A founder-led food brand, built without rushing the process.
#VentureCapital #PurelyElizabeth #ElizabethStein #CPG #TradedVC
NVent Electric Acquires Maverick Power For $1.75 Billion To Enhance Power InfrastructurenVent Electric has agreed to acquire Maverick Power for $1.75 billion, with up to $550 million in additional performance-based consideration, as it expands its power infrastructure capabilities to meet rising AI data center demand. The McKinney, Texas-based manufacturer of engineered power distribution solutions, which is expected to generate about $700 million in revenue this year, will strengthen nVent’s offerings across switchgear, switchboards, and modular solutions; nVent CEO Beth Wozniak said the deal will enhance the company’s ability to serve data center customers.
SALE PRICE: $1,750,000,000
HQ: St. Louis Park, Minnesota
#VentureCapital #nVentElectric #MaverickPower #TradedVC