Wed, Oct 22, 2014 22:42
HomeMost Recent NewsLone Star Business BlogContact Us
Advertise with Texas Business
Finance

UT Austin to Become Partner in Construction of World’s Largest Telescope

Texas Business reports: AUSTIN—The University of Texas System Board of Regents Friday authorized UT Austin to spend $50 million in research reserves to participate in building the Giant Magellan Telescope, which will be the world’s largest telescope when it’s completed in 2020.

 Full Story »
TexasBusiness.com

STW Resources Closes $2 Million in Expansion Financing for Construction Division

Texas Business reports: MIDLAND, Texas—STW Resources Holding Corp. closed on expansion capital for its STW Oilfield Construction Division.  

 Full Story »
TexasBusiness.com

Synthesis Energy Systems Secures Financing to Restart ZZ Joint Venture Plant in China

Texas Business reports: HOUSTON—Synthesis Energy Systems Inc. announced its ZZ Joint Venture obtained the bank financing required to restart the plant for the previously announced cooperation agreement with Xuecheng Energy. 

 Full Story »
TexasBusiness.com

To Dodge Law, High-Cost Lender Offers Cash for Free

Alarmed by the explosion of high-cost lending in the state, cities across Texas have passed ordinances to prevent the cycle of debt that short-term, high-cost loans can create.

But some big lenders are finding clever ways around the laws – like giving away cash for free. 

 Full Story »
Paul Kiel for Pro Publica

Law Enables Drivers to Display Insurance on Phones

In a month and a half, drivers on Texas roads won’t have to dig through their glove compartments for their insurance cards when they are pulled over by police officers. They can just turn to their cellphones. 

 Full Story »
Ian Floyd for Reporting Texas

Intervale Capital Acquires Antelope Oil Tool

Texas Business reports: MINERAL WELLS, Texas—Intervale Capital acquired Antelope Oil Tool & Manufacturing Company.  

 Full Story »
TexasBusiness.com

Texas Public Employee Pension Fund Supports Money Managers' Exit from Think Tank

Texas Business reports:  HOUSTON—The Texas Association of Public Employee Retirement Systems (TEXPERS), which represent more than 75 pension systems for police, firefighters and municipal employees across Texas, praised three money managers who parted from an organization for its advocating the abandonment of defined benefit plans. 

 Full Story »
TexasBusiness.com

Lucent Capital Arranges $11,835,000 Permanent Loan for the Recapitalization Houston Apartment Building

Texas Business reports:  HOUSTON—Beverly Hills, California-based Lucent Capital has arranged $11,835,000 in permanent financing for the recapitalization of Oak Forest Apartments, a 321-unit garden-style apartment complex in Houston, TX owned by an entity affiliated with Beverly Hills-based investment group Archway Holdings Corp. 

 Full Story »
TexasBusiness.com

Virginia Firm Finances Austin’s Wheatsville Food Co-op's South Austin Location

Texas Business reports: AUSTIN—National Cooperative Bank (NCB), a financial services company that provides banking products to cooperatives nationwide, completed a $4.7 million loan for the Wheatsville Food Co-op in Austin. 

 Full Story »
TexasBusiness.com

First National Bank of Seymour Converts to a State-Chartered Bank

Texas Business reports: The First National Bank of Seymour headquartered in Seymour, Texas, was issued a state bank charter by Texas Banking Commissioner Charles G. Cooper, effective May 31. 

 Full Story »
TexasBusiness.com

Texas Regional Bank and Border Capital Bank to Merge

Texas Business reports: HARLINGEN—Harlingen-based Texas State Bankshares Inc. and McAllen-based Border Capital Group Inc. agreed to merge Border Capital Bank with Texas Regional Bank, pending regulatory and shareholder approval. 

 Full Story »
TexasBusiness.com

El Paso Oil Executive Gives $35 Million to Baylor University for New Business School Building, Baylor Stadium

Texas Business reports: WACO—Baylor University announced it received a $35 million gift from Paul L. Foster, a Baylor graduate and resident of El Paso. 

 Full Story »
TexasBusiness.com

Wingspan Acquires Dimont & Associates Insurance Claims Management

Texas Business reports:  DALLAS—Wingspan Portfolio Advisors, a Dallas-based diversified component and special mortgage servicer, acquired Dimont & Associates, the nation's leading hazard insurance claims management company, with offices in San Diego, California and Dallas, Texas. 

 Full Story »
TexasBusiness.com

Mid-Sized Investment Advisers Shifted to State Oversight

Texas Business reports: AUSTIN—Texas Securities Commissioner John Morgan recently announced a report documenting the successful completion of the transfer of mid-sized investment advisers (IAs) from federal to oversight by state regulators. 

 Full Story »
TexasBusiness.com

Texas Comptroller Office Distributes $669 Million in Monthly Sales Tax Revenue to Local Governments

Texas Business reports: The Texas Comptroller's Office reported state sales tax revenue in April was $2.15 billion, up 3.9 percent compared to April 2012. 

 Full Story »
TexasBusiness.com

Dell Acquires Enstratius Cloud-Management Company

Texas Business reports:  Dell acquired Enstratius, a cloud-management software and services provider that delivers single and multi-cloud management capabilities. 

 Full Story »
TexasBusiness.com

Texas Tech to Open School of Accounting in Lubbock

When Texas Tech University in Lubbock opens the doors of its new School of Accounting on Aug. 15, it will mark a major first for the university — and will be only the second such opening in the state. 

 Full Story »
Reeve Hamilton for Texas Tribune

Nekoosa Coated Products acquires IGI Corp

Texas Business reports:  DALLAS—Wingate Partners, a Dallas-based investment firm, announced its portfolio company, Nekoosa Coated Products, acquired IGI Corp., parent of RTape Corp. and CET Films Corp.  

 Full Story »
TexasBusiness.com

U.S. Capital Advisors Invests $24 Million into Badger Midstream Energy

Texas Business reports:  HOUSTON—U.S. Capital Advisors LLC made a $24.1 million preferred equity investment into Badger Midstream Energy LP, a newly formed midstream energy company. 

 Full Story »
TexasBusiness.com

Lund International Acquires Assets of Texas’ Tradesman Truck Accessories

Texas Business reports:  BUFORD, Ga.—Lund International Holding Company, a portfolio company of Highlander Partners LP, acquired the assets of Tradesman Truck Accessories LLC.  

 Full Story »
TexasBusiness.com

Credit card interest rates fall to 14.93 percent

Texas Business reports: AUSTIN--Interest rates on new credit card offers dipped this week for the first time in more than two months, according to the CreditCards.com Weekly Credit Card Rate Report. 

 Full Story »
TexasBusiness.com

American Airlines and Farelogix Extend Technology Agreement

Texas Business reports: FORT WORTH, TEXAS and MIAMI, FLORIDA—American Airlines and Farelogix reached a seven-year agreement  in which Farelogix will continue providing enhancements and support for American's direct connect, a system which enables the sale of American's fares and other products by travel agencies. 

 Full Story »
TexasBusiness.com

AMD Closes Transaction to Sell and Lease-back Austin Campus, Generating Approximately $164 Million in Cash

Texas Business reports: SUNNYVALE, Calif. and AUSTIN, Texas—AMD closed its transaction with 7171 Southwest Parkway Holdings LP to sell and lease-back the company’s “Lone Star Campus” located at 7171 Southwest Parkway in Austin, Texas. 

 Full Story »
TexasBusiness.com

AMD Executes Purchase Agreement Expected to Generate Approximately $164 Million Cash

Texas Business reports: SUNNYVALE, Calif. and AUSTIN, Texas—AMD entered into an agreement to sell and lease-back its “Lone Star Campus” located at 7171 Southwest Parkway in Austin, Texas to 7171 Southwest Parkway Holdings LP, an affiliate entity of real estate investment company Spear Street Capital. 

 Full Story »
TexasBusiness.com

Rainier Group Opens Texas Office

Texas Business reports:  SEATTLE—The Rainier Group, Inc., a financial consultant group, opened a Dallas office. 

 Full Story »
TexasBusiness.com

First Financial Bankshares to Acquire Orange Savings Bank

Texas Business reports:  ABILENE, Texas—First Financial Bankshares Inc. entered into a definitive agreement to acquire Orange Savings Bank SSB for an expected combination of cash and stock purchase price of approximately $56.0 million. 

 Full Story »
TexasBusiness.com

Bankruptcy Creates World's Largest Airlines in Fort Worth

TEXAS BUSINESS reports:  FORT WORTH—Who would have thought a bankruptcy would have led to the creation of the world’s largest airlines based in Fort Worth that will dominate U.S. air traffic and absorb a competitor from Arizona? 

 Full Story »
TexasBusiness.com

Solera Holdings Acquires HyperQuest

Texas Business reports: WESTLAKE, Texas—Solera Holdings Inc., a provider of software and services to the automobile insurance claims processing industry, acquired 100% of the outstanding shares of HyperQuest Inc.  


 Full Story »
TexasBusiness.com

Dallas Precious Metals Conglomerate Elemetal Adds 4 Million Shares of DGSE Common Stock

Texas Business reports:  DALLAS—NTR Metals LLC contributed 4,393,142 shares common stock of DGSE Companies Inc. to Elemetal LLC in exchange for ownership units of Elemetal.  

 Full Story »
TexasBusiness.com

Carlile Bancshares, Fort Worth Acquires Colorado Community Bank

Texas Business reports:  FORT WORTH—Carlile Bancshares  Inc. of Fort Worth  finalized the acquisition of Washington Investment Corporation, the parent company of Colorado Community Bank, Yuma, Colorado. 

 Full Story »
TexasBusiness.com

Northstar Acquires Mortgage Warehouse Company

Texas Business reports:  DENTON—Northstar Bank of Texas, a state chartered banking association headquartered in Denton, a member of Carlile Bancshares Inc., a bank holding company headquartered in Fort Worth, acquired controlling interest in Goldome Financial Inc.,  a Texas limited liability company headquartered in Flower Mound, Texas.


 Full Story »
TexasBusiness.com

Synthesis Energy Systems Reaches Revised Agreement with Crystal Vision Energy

Texas Business reports:  HOUSTON—Synthesis Energy Systems Inc. entered into a revised services agreement with Crystal Vision Energy Limited  focused on growth of SES China, the Company's China business platform, via capital raising, M&A, and management services. 

 Full Story »
TexasBusiness.com

$800 Million of Six Flags Notes Priced at 5.25%

Texas Business reports:  GRAND PRAIRIE, Texas—Six Flags Entertainment Corporation priced $800 million of 5.25% senior unsecured notes due 2021 in connection with a private offering that is exempt from registration under the Securities Act of 1933, as amended.  

 Full Story »
TexasBusiness.com

Synthesis Energy Systems Completes Closing of $15.5 Million Equity Investments from Hongye and Zhongmo

Texas Business reports: HOUSTON—Synthesis Energy Systems Inc. closed its strategic equity investment from Shanghai Zhongmo Investment Management Co., Ltd. of $6.27 million for 4,177,335 shares of SES common stock. 

 Full Story »
TexasBusiness.com

Huitt-Zollars Acquires Oklahoma City Firm

Texas Business reports: DALLAS— Huitt-Zollars acquired an Oklahoma based firm, Coon Engineering (CEI). 

 
 Full Story »
TexasBusiness.com

The Cushing Royalty Trust and Upstream MLP Index Changes Name to The Cushing Upstream Energy Income Index

Texas Business reports:  DALLAS—Cushing MLP Asset Management LP, a subsidiary of Swank Capital LLC, announced the name change of The Cushing Royalty Trust and Upstream MLP Index to The Cushing Upstream Energy Income Index.


 Full Story »
TexasBusiness.com

Solera Holdings Aquires Assets from PS Holdings

Texas Business reports:  WESTLAKE, Texas—Solera Holdings Inc., a provider of software and services to the automobile insurance claims processing industry, announced that one of its subsidiaries has completed the acquisition of substantially all of the assets of PS Holdings LLC, whose services are sold under the APU brand name. 

 Full Story »
TexasBusiness.com

Prosperity Bancshares Completes Merger With Community National Bank – Bellaire

Texas Business reports:  HOUSTON—Prosperity Bancshares Inc., the parent company of Prosperity Bank, completed the merger with Community National Bank, Bellaire, Texas. 

 Full Story »
TexasBusiness.com

Synthesis Energy Systems Announced Fourth Quarter and Fiscal 2012 Financial Results

Texas Business reports:  HOUSTON—Synthesis Energy Systems Inc.  announced financial and operating results for the fourth quarter and fiscal 2012 ended June 30, 2012. 

 Full Story »
TexasBusiness.com

Sidewinder Drilling To Acquire Union Drilling For Approximately $242 Million

Texas Business reports:  FORT WORTH and HOUSTON—Union Drilling Inc., a land drilling services and equipment contractor headquartered in Fort Worth, Texas, and Sidewinder Drilling Inc. , a Houston-based land drilling company controlled by Avista Capital Partners,  entered into a definitive agreement and plan of merger pursuant to which Sidewinder will acquire all of the outstanding shares of Union Drilling common stock in an all-cash tender offer valued at approximately $242 million. 

 Full Story »
TexasBusiness.com

Westlake Securities Represents Applied Natural Gas Fuels in Capital Raise for Expansion of Natural Gas Liquefaction Plant

 Texas Business reports:  AUSTIN—Westlake Securities, LLC, a middle-market investment bank, announces the completion of a debt and equity placement for Applied Natural Gas Fuels Inc.  

 Full Story »
TexasBusiness.com

Synthesis Energy Systems Announces Closing of $8.7 Million Hongye Equity Investment

Texas Business reports:  HOUSTON—Synthesis Energy Systems Inc. announced the closing of its strategic equity investment from Hongye International Investment Group Co. Ltd.  for a total of $8.7 million, representing 5,777,700 shares of SES common stock, or a 9.99% ownership interest. 

 Full Story »
TexasBusiness.com

Intervale Capital Sells Fort Worth’s Ulterra Drilling Technologies to ESCO Corporation

 Texas Business reports:  FORT WORTH—Intervale Capital, a private equity firm focused on the oilfield services industry, sold Ulterra Drilling Technologies LP to ESCO Corporation for $325 million in cash, subject to customary closing adjustments. 

 Full Story »
TexasBusiness.com

Shaw To Be Acquired by CB&I

Texas Business reports: THE WOODLANDS—Louisiana’s The Shaw Group Inc. signed a definitive merger agreement with Texas-based Chicago Bridge & Iron under which CB&I will acquire Shaw in a cash and stock transaction valued at approximately $3 billion. 

 Full Story »
TexasBusiness.com

Aetna Awarded Medicare Advantage Contract by Teacher Retirement System of Texas

Texas Business reports: HARTFORD, Conn.—Aetna won the Medicare Advantage contract by the Teacher Retirement System of Texas (TRS), effective January 1, 2013. 

 Full Story »
TexasBusiness.com

Valence Technology Files Voluntary Chapter 11 Business Reorganization

Texas Business reports:  AUSTIN—Valence Technology Inc. filed a voluntary petition for a chapter 11 business reorganization in the U.S. Bankruptcy Court for the Western District of Texas. 

 Full Story »
TexasBusiness.com

Ohio Firm Buys Texas Property And Casualty Broker Stoltz and Company

Texas Business reports: CLEVELAND—CBIZ Inc. acquired the assets of Stoltz and Company LTD LLP of Midland, Texas. 

 Full Story »
TexasBusiness.com

Prosperity Bancshares To Acquire Community National Bank - Bellaire

Texas Business reports:  HOUSTON—Prosperity Bancshares Inc. will acquire Community National Bank, Bellaire, Texas. 

 Full Story »
TexasBusiness.com

New York Firm to Buy Dallas National Insurance Company

Texas Business reports: DALLAS—Southport Lane, a New York-based private equity firm, through its subsidiary Lonestar Holdco LLC, reached a definitive agreement with Dallas National Insurance Holdings to acquire 100% of Dallas National Insurance Company, a Texas based property and casualty insurer, founded in 2005. 

 Full Story »
TexasBusiness.com

Orthofix International Completes Divestiture of Sports Medicine Business Unit

Texas Business reports:  LEWISVILLE—Orthofix International NV completed the divestiture of its Sports Medicine Business Unit, Breg Inc., to Water Street Healthcare Partners, a strategic private equity firm focused exclusively on the health care industry.

 Full Story »
TexasBusiness.com

Western Texas Brick and Tile Business to Auction Assets, Industrial Warehouse Property

Texas Business reports: SNYDER—Former west Texas business Snyder Brick & Tile will auction its assets Tuesday June 19, 2012 at 11 AM including a 63,950-square-foot industrial warehouse manufacturing property on 9.188 acres, equipment and surplus tile inventory. 

 Full Story »
TexasBusiness.com