Inszone Insurance Services, an established provider of various insurance lines in America, has announced the strategic acquisition of Jackson Insurance Solutions, a well-regarded insurance agency in Albuquerque, New Mexico. This move aligns with Inszone Insurance Services’ plan to broaden its presence and service offerings in the Southwest region. Founded by Joshua Jackson in 2010, Jackson […]
ROMCO Equipment Co., a division of SMT, strengthens its position in the Southwest through the acquisition of Sierra Machinery, reinforcing its commitment to growth and long-term success. The deal, which closed on July 25, entailed the transfer of ownership of Sierra Machinery Inc. and its locations in El Paso, Texas, and Artesia, New Mexico. Sierra […]
BCP Resources, a Midland-based operator, has completed the acquisition of assets from a wholly-owned subsidiary of Chord Energy Corporation, which encompasses 16 fields located in the Permian Basin of West Texas. The assets are primarily concentrated on the Central Basin Platform. The strategic fit of these assets aligns with BCP Resources’ growth-focused approach, aiming to […]
Bancorp 34 (BCTF), the holding company of Bank 34, and CBOA Financial, the holding company of Commerce Bank of Arizona, have signed a $28 million worth all-stock merger deal to create the second largest Arizona-based bank with assets of around $ 1 billion. As per the terms of the deal, CBOA Financial’s shareholders will exchange […]
NextMart has acquired Two Brothers Services, a New Mexico-based oil field services provider in the Permian Basin, US. As per the terms of the deal, NextMart acquired Two Brothers Services in exchange for 30 million of its shares. Based in Carlsbad, Two Brothers Services is said to be active in the main oil and gas […]
Eli Lilly and Company (Lilly) has revealed plans to launch a new pragmatic study of bamlanivimab (LY-CoV555) in high-risk patients with Covid-19, in partnership with major local institutions in New Mexico. The US pharma giant said that carrying out the study in New Mexico will help in the collection of data on the effectiveness and […]
LP Insurance Services, a Nevada-based commercial and personal insurance brokerage firm, has acquired Meridian Insurance Services for an undisclosed price. Meridian Insurance Services is an insurance agency, which has been operating since the early 1980s. The insurance agency has been catering to clients in the Carson City in Nevada and Roswell in New Mexico with […]
Four Corners Property Trust (FCPT) has acquired a Taco Bell restaurant property in New Mexico for $396,000 dollars from Brookfield Properties. The Taco Bell restaurant property is an outparcel to a mall owned by Brookfield Properties. The property is occupied under a triple-net lease with about 5.5 years of term remaining. The store is operated […]
US aerospace company Virgin Galactic (VG), which is embarking on making human spaceflight possible for private individuals and researchers, has completed its previously announced $450 million merger deal with public investment vehicle Social Capital Hedosophia (SCH). The resulting space tourism operator following the merger has been named Virgin Galactic Holdings. The aerospace company manufactures its space […]
Concho Resources, a US shale producer focused on the Permian Basin of West Texas and New Mexico, has agreed to divest its assets in the New Mexico Shelf to an affiliate of Spur Energy Partners for $925 million, as per the latest oil and gas industry news. The sale includes around 100,000 gross acres and […]