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Dallas construction firm to oversee Fort Worth projects

A Dallas construction firm has been awarded the Hemphill Street Connector and Village Creek peak flow storage projects in Fort Worth.

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McDonald's ordered to pay $27M in deaths of teens

BRYAN, Texas (AP) – A Central Texas jury on Wednesday ordered McDonald's to pay $27 million in actual damages to the families of two teenagers killed in a car accident while en route to a hospital after a fight outside the fast-food restaurant.

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San Antonio joins Fort Worth, other cities in AT&T faster Internet rollout

SAN ANTONIO (AP) — AT&T has announced it will bring faster internet service to the San Antonio area.

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Texas Health Resources names Berdan next CEO

Barclay E. Berdan, chief operating officer for Texas Health Resources, has been named the new CEO of the health system effective Sept. 1.

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Fort Worth doctor who contracted Ebola in grave condition

FORT WORTH, Texas (AP) — Kent Brantly always wanted to be a medical missionary, and he took the work seriously, spending months treating a steady stream of patients with Ebola in Liberia.

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Southlake-based equity fund expands heavy construction holdings

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By Bill Bowen
Allegiance Crane & Equipment LLC, a holding of the $2 billion private equity fund based in Southlake, Prophet Equity, has completed a deal to acquire the assets and operations of Action Crane Service Inc. of Fort Lauderdale, Fla., for an undisclosed sum.
The deal gives Allegiance a broader south-Florida customer base with equipment and personnel in the area to capitalize on the rapidly growing construction work of the region.
The acquisition of the 17 mobile cranes in Action Crane’s stable gives Allegiance a total of more than 150 cranes and hoists. The company is based in Pompano Beach, Fla., but has operations in Houston, San Antonio and Carrizo Springs, Texas.
"The successful acquisition of Action Crane enhances Allegiance's South Florida presence and improves its ability to take advantage of the rapidly improving market in the area," Ross Gatlin, CEO and managing partner of Prophet Equity said in a press release.
Prophet Equity pursues investments in lower and middle market companies with strategically strong business with value potential, such as those found in divestitures, non-strategic businesses, corporate carve-outs and others. It has $2 billion in value scattered across 30 entities with combined revenue of $4 billion.

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