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Berkshire Hathaway company acquires Fort Worth firm

M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Texas bank tech company surges on NYSE

Associated Press


NEW YORK (AP) — Q2 Holdings' stock surged 31 percent Thursday morning, in the company's first day of trading on the New York Stock Exchange.

Q2 Holdings Inc., a provider of online banking software based in Austin, raised $101 million in its initial public offering, selling 7.8 million shares at $13 each, the top of an expected range of $11 to $13. At close of Thursday, the stock was at $15.17. 

Trading under the ticker QTWO, shares surged $4 to $17 in early trading.

J.P. Morgan Securities and Stifel, Nicolaus & Co. are the lead banks in the offering.

In a regulatory filing, the company says it received roughly $76 million from the IPO, while existing investors received $18 million after expenses. Q2 plans to use some of the money to pay down debt, finance its growth and for other purposes.
 

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