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Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

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Troubled RadioShack files SEC form, talks with 'major vendor'

RadioShack Corp.’s latest filing with the U.S. Securities and Exchange Commission describes recent discussions that “could be beneficial to the financial restructuring of the company.”

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Road Show: City leaders prepare campaign to corral votes for $450 million arena

Fort Worth’s biggest backers of a new arena at the Will Rogers Memorial Center are leaving little to the chance of a “no” vote in a citywide election Nov. 4 to decide on new fees that would fund 15 percent of the $450 million project.

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Texas Health Southwest breaks ground on $40M expansion

A $40 million expansion of Texas Health Harris Methodist Hospital Southwest Fort Worth is under way, with groundbreaking ceremonies held this week.

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Overland Sheepskin opening Sundance Square store in Fort Worth

The store is expected to open by the holidays, Sundance said.

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Arlington automotive technology firm acquired by private equity firm

Smith System Driver Improvement Institute Inc., a driver training and management solution provider based in Arlington, has been acquired by Levine Leichtman Capital Partners, a private equity firm in Los Angeles.
Founded in 1952, Smith works with fleet managers to provide training programs and content resources to change driver behaviors. Smith has trained millions of drivers in more than 100 countries through its on-road, classroom, e-learning and new technology-based training and driver improvement programs.
Smith is the third investment from Levine Leichtman Capital Partners Fund V LP.
Tony Douglas, Smith’s chief executive officer, and his management team will retain significant ownership in the company and will continue to lead Smith.
“I am very excited about partnering with LLCP as the company seeks to further strengthen its global market position and advance into its next stage of growth,” Douglas commented in a news release. “LLCP has a long history of being a value-added partner to its portfolio companies through their strategic, financial and M&A expertise, and I expect our partnership to contribute meaningfully to the continued growth of our business.”
Smith System was advised by Robert W. Baird & Co. Inc.
Levine Leichtman Capital Partners manages $7 billion of institutional investment capital through private equity partnerships, various debt and leveraged loan funds. LLCP is currently making new investments through Levine Leichtman Capital Partners V LP, Levine Leichtman Capital Partners SBIC Fund LP and Levine Leichtman Capital Partners Private Capital Solutions LP. Prior investments include Santa Cruz Nutritionals, CiCi’s Pizza, Hackney Ladish, Jon Douglas Real Estate Group and Luminator Technology Group.

Betty Dillard
bdillard@bizpress.net
 

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Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?