Houston has the the second largest veteran community in America — and the energy industry is vets' top employer. Photo via Getty Images

Many people living in Houston don't realize that the veteran community is taking an increasing leadership role in the energy transition. The Greater Houston area is the second largest veteran community in America with over 5,500 new veterans and their families coming to Houston annually. We are the fastest growing city in America for veterans as well.

In Houston you'll find a community of veterans who create a workforce and culture of excellence -- no handouts needed here. Our city is home to innovation in many industrial sectors, and also in the veteran services market. Combined Arms is the premier technology partner for accelerating the connection of veterans to resources like employment.

Headquartered in Houston, the agency operates in a dozen states nationally with a co-working space of over 30 veteran serving nonprofits on site and 120 services online. The top employment organization for veteran employment in the country, NextOp, is also headquartered in Houston. NextOp is focused on developing a pipeline of talent directly from military installations to industrial craft trades. They have the best numbers for placement of veterans and speed to employment, perfect for accelerating the energy transition as companies are looking for talent to fill new industry roles.

The energy sector is already the largest employer of veterans in Houston. We are a vibrant community with weekly networking happy hours for white collar veterans working in the energy industry at the original Kirby Icehouse on Wednesdays, put on by Houston Veterans in Business.

With one of the highest concentrations of public companies in the country, we have over 85 public companies with employee resource groups for veterans. The leaders of these groups meet regularly to support and serve our community. We are a thriving community that has the depth of relationships and connections to foster the personal and professional growth of veterans new to Houston and those that have called Houston home their entire lives. The majority of these groups are within energy companies that are actively supporting the energy transition.

Some examples of veteran-led energy transition companies include:

  • Everpoint Services, founded by Tyler Goodell, is bringing an oilfield services model to the wind, solar, and energy storage industries along with wind blade and solar panel recycling.
  • FastGrid, founded by Eric Curry, is rapidly growing through the project engineering side of renewable energy project development across the country.
  • WindCom, led by CEO Tim Hertel, conducts wind blade repairs and servicing.
  • Blue Bear Capital, co-founded by Tim Kopra, invests in high-growth technology companies across the energy, infrastructure, and climate industries.
  • eRenewable, co-founded by Fred Davis, provides real-time online auctions for Power Purchasing Agreements (PPAs) and Virtual PPAs.
  • Last Dollar Trucking, co-founded by Nate Reeve, focused on the transport of the massive number of wind blades entering texas ports.
  • JAG Argueta, founded by Keith Argueta, provides accounting and fractional CFO services to cleantech startups.
  • Digital Wildcatters, co-founded by Jake Corley, building the "Barstool Sports of Energy"
  • Amberjack Capital, co-founded by Patrick Connelly, is a private equity investor in energy transition and infrastructure projects.
  • re:3D, co-founded by Samantha Snabes, pioneering new innovations to decimate the cost & scale barriers to 3D printing.
  • South Union CDC, founded by Efrem Jernigan, is developing the Sunnyside Solar project.
  • Fervo Energy, led by CFO David Ulrey, is developing next-generation geothermal projects to deliver 24x7 carbon-free energy.

One of the top chapters nationally for Bunker Labs is also here, with a veteran entrepreneur accelerator at WeWork downtown, the WeWork Veterans in Residence program. On top of that the largest veteran business plan competition is hosted by Rice University. The Veteran Business Battle is entering its 7th year with one of the finalists Parasanti pivoting their successful edge computing solutions into the energy transition for cleantech applications through their recent acceptance to Haliburton Labs.

Houston is also building a chapter of the Veterans Energy Project which is advocating for the Biden administration's infrastructure bill. Jon Powers with CleanCapital, a private equity investor focused on accelerating the flow of capital into distributed generation project, co-founded the Veterans Energy Project. Having served our country in a time of war, it is time again to place the country first and advocate for the infrastructure that supports all Americans.

The veterans of Houston can help make Houston not only the leader in the energy transition but also ensure that we are the energy capital of the future.

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Kevin Doffing is the president of Energy Capital of the Future.

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Houston startup raises $6M to scale home-based healthcare platform

fresh funding

As healthcare systems race to expand care beyond hospitals and into the home, investors are placing bigger bets on the infrastructure needed to make that shift possible.

This month, Rosarium Health announced it has raised $6 million in seed funding led by Kalos Ventures, with participation from ResilienceVC, Rock Health Capital, Symphonic Capital, Black Tech Nations Ventures and others.

The investment will help the Houston-based startup continue to build its platform, which features a national network of 800-plus clinicians and 3,000-plus contractors to coordinate home accessibility upgrades and modifications for seniors and people living with disabilities.

For founder and CEO Cameron Carter, the company’s mission grew out of firsthand caregiving experiences.

“From my own personal caregiving experiences, I realized that the benefits exist on paper, but not in reality,” Carter said in a news release. “Families are being left to figure out the paperwork and installations all on their own, which shouldn’t be how this works.”

While Medicare Advantage and Medicaid plans have expanded coverage for home-based services and accessibility modifications, the logistics behind delivering those services often remain fragmented.

Rosarium’s platform coordinates the entire process, from clinical assessments and referrals to contractor management, documentation, reimbursement and installation.

“A clinician can document that a home isn’t safe and a plan can approve a benefit, but there’s no one that’s responsible for making sure the work actually gets done,” Carter says. “We built the missing piece.”

The company was founded in 2021 as Rose Health and was a 2023 participant in the Texas Medical Center’s Accelerator for HealthTech program. It has scaled quickly, building a network of more than 800 clinicians and 3,000 contractors across 34 states.

Rosarium is currently in-network for 1.2 million Medicare and Medicaid lives, with projected coverage expected to reach nearly 4 million by the end of the year, according to the release.

“We’re excited to back Cameron because he and the team at Rosarium are building the infrastructure healthcare needs right now to make the home a safe and comfortable place of care,” Kate Ballinger, investor at Kalos Ventures, added in the release.

As part of the recent investment, Ballinger will join Rosarium’s board of directors.

With eyes on the future, Rosarium plans to grow its partnerships with Medicaid and Medicare Advantage plans, including CalViva and Community Health Plan of Imperial Valley, strengthening its presence in California while expanding access to underserved communities.

Additionally, Carter predicts that home-based healthcare will be part of a broader transformation happening across the industry.

“There’s a growing recognition that health outcomes are shaped by what happens in the home,” he said in the release. “The future of healthcare isn’t just treating people after something goes wrong. It’s creating environments that help prevent those problems in the first place.”

Houston business mogul Tilman Fertitta acquires Caesars in $17.6B deal

Money Moves

Houston billionaire Tilman Fertitta may currently be serving as America’s ambassador to Italy, but his company is as busy as ever. Fresh off its move to revive the Houston Comets WNBA franchise, his company, Fertitta Entertainment, has announced a $17.6 billion deal to acquire Caesars Entertainment, Inc.

Speculation about the deal has been circulating since at least March, according to various media reports. The deal combines Fertitta’s well-known Golden Nugget casino brand with all of the properties in the Caesars’ portfolio, including Las Vegas hotels Caesars Palace, Harrah's, Paris Las Vegas, Planet Hollywood, Horseshoe, The LINQ Hotel, Flamingo, and The Cromwell.

Overall, the combined company will include 60 domestic casino resorts and gaming facilities; online gaming including sports betting, iCasino, and Caesar’s online poker platform; retail sports betting at over 200 third-party locations through the William Hill brand; and over 550 Fertitta Entertainment outlets, including more than 450 Landry's full-service restaurants across America. The companies will combine their loyalty programs, Caesars Rewards, Golden Nugget's 24 Karat Select Club, and Landry's Select Club.

The terms will see Caesars’ shareholders receive $31 per share. Fertitta Entertainment will also acquire approximately $11.9 billion of Caesars' outstanding debt.

The transaction will be financed through a combination of equity contributed by Fertitta Entertainment, assumed Caesars' debt, and new committed debt financing arranged by a group consisting of 10 banks. It is subject to approval by Caesars’ shareholders and government regulators.

Fertitta Entertainment is the Houston-based company behind a diverse array of hospitality businesses, including The Golden Nugget, The Post Oak Hotel, River Oaks District, the Kemah Boardwalk, and Houston’s Downtown Aquarium.

It also operates a number of prominent restaurant brands, including Mastro's Restaurants, Del Frisco's Double Eagle Steakhouse, Morton's The Steakhouse, The Palm, McCormick & Schmick's, Landry's Seafood House, The Oceanaire Seafood Room, and Saltgrass Steak House.

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This article first appeared on CultureMap.com.