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Junior Achievement announced the four new entries to the Dallas Business Hall of Fame 2022, who will join the other winners on February 26, 2022. At the event, Arcilia Acosta, President and CEO of CARCON Industries, will be honored; Clark Hunt, chairman of the Hunt Sports Group; Tom Luce, Founder of Texas 2036; and Fred Perpall, CEO of the Beck Group.
“Each award winner has contributed so much to the Dallas community and they are fabulous business people and philanthropic leaders,” said Jan Murfield, CEO and president of Junior Achievement Dallas.
The Dallas Business Hall of Fame event helps Junior Achievement achieve their goal of imparting business role models, basic business skills, and financial literacy to students at risk in Dallas. Students also attend the event and talk about the impact the organization has on their lives. The 2022 Junior Achievement Dallas Business Hall of Fame will take place at the Hyatt Regency in Dallas.
Wheels Up was incorporated as a public company earlier this month.
Wheels Up Completes IPO on the New York Stock Exchange
Earlier this month, Wheels Up – a New York-based private aviation company with a few employees in North Texas – was the first of its niche to trade on the New York Stock Exchange. The IPO came after the transaction with Aspirational Consumer Lifestyle Corp., a special-purpose acquisition company, was completed. Wheels Up is traded under the symbol “UP”.
In the first quarter of 2021, Wheels Up saw record revenue growth of 68 percent year over year and a 56 percent increase in active members. The capital raised through the IPO will help drive expansion and increase investment in its technology and products. Wheel’s Up recently announced partnerships that increase the benefits of membership, including agreements with American Express, Porsche, Belmond, and others.
Urban Air Adventure Park creates unleashed brands and acquires Snapology Snap
The group behind Urban Air, an indoor adventure park, announced the launch of Unleashed Brands – a platform that will curate and expand a portfolio of brands that help kids learn, play and grow. As part of Urban Air’s new venture, Unleashed Brands has acquired Snapology, a children’s franchise franchise offering STEAM programs for children.
Unleashed Brands, re-established under a DFW Adventure Park brand, will serve as a collection of brands where kids can play, learn and grow.
“In seeking ways to strengthen our brand portfolio, Snapology presented itself as a strong, strategic addition to programs that enable our founding company Urban Air to expand its offering to include STEAM education – something that is important in developing young minds . ”Says Michael Browning, President and CEO of Unleashed Brands and founder of Urban Air.
Over the past 10 years, the Unleashed Brands team has built a platform to scale businesses that focus on caring for families and children. The Snapology acquisition will enable both companies to better serve families and children.
New operational joint venture to manufacture chemical products in industrial quality
Las Vegas-based Kingsbarn Realty Capital will establish a new operational joint venture with Plano’s Fusible Innovations. This company will manufacture and sell potassium chloride, salt and metaphosphoric acid for use in food, pharmaceuticals and other industrial grade products. The company will trade under the trade name Fusible Innovations and will be based in Greenville, Texas.
Kingsbarn will contribute land, buildings and equipment to the company, which operates in its 100-acre industrial park reserved for railways. The company has acquired and currently operates more than $ 800 million in commercial real estate in the United States. Fusible Innovation is a privately held company engaged in the chemical manufacture of Potassium Chloride and Metaphosphoric Acid for sale.
“The global demand for potassium chloride is growing. According to research firm FMI, the global market for this chemical product will grow from 12.6 billion US dollars in 2020 to 16.5 billion US dollars in 2030, ”said Jeff Pori, CEO of Kingsbarn. “Also, the potassium chloride market is quite fragmented, with a small number of players controlling 95 percent of the total market.”
Uber Freight takes over Transplace
The Uber Freight logistics platform will acquire the Transplace transportation and logistics network for approximately $ 2.24 billion, of which up to $ 750 million will be in common shares of Uber Freight’s parent company, Uber Technologies, and the remainder in cash.
“Our expectation is that shippers will see greater efficiency and transparency, and freight forwarders will benefit from the size to achieve better operating metrics,” said Frank McGuigan, CEO of Transplace.
The takeover is intended to help reduce friction losses in the supply chains and usher in a new era of logistics management:
- Shippers have access to even more robust technology for all modes of transport and services.
- Freight forwarders will be able to work directly with shippers within a seamless marketplace and access cargo across multiple advanced service lines, including intermodal, cross-border and less-than-truckload.
- Uber Freight’s brokerage business will continue to operate independently of Transplace’s managed transport services to ensure high quality service to shippers.
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