Bell Nunnally Represents Developer in Sale for a Large Mixed-Use Development Near Austin
Partner Allison Elko represented San Antonio-based Rick Sheldon Real Estate LLC in its sale of 50 acres to St. David’s HealthCare Hospital, which plans to build a 160,000-square-foot, full-service acute care hospital. In addition to the hospital, the development, located in one of Austin’s fastest-growing suburbs, could include a hotel and conference center, a variety of retail and office space and nearly 2,000 residential units.
Bell Nunnally Represents BSBD Insurance in Acquisition of Baker & Affiliates Senior Associate Josh Smith represented Plano, Texas-based insurer Boyd, Shackelford, Barnett & Dixon LLC (BSBD Insurance) in its recent acquisition of Garland, Texas-based insurer Baker & Affiliates Insurance Agency, Inc. BSBD Insurance was founded in 2006 and offers a range of insurance offerings ranging from general liability, umbrella, builder’s risk to auto, home and life. Baker & Affiliates was founded in 2007 and specializes in condominium and townhome association insurance as well as various other types of commercial and personal lines policies. “This acquisition represents not just a business opportunity but a chance to join and grow together with the common goal of serving each and every client at an even higher level,” said Lucas Boyd, President at BSBD Insurance in a BSBD Insurance-issued press release on the deal. “We’re looking forward to combining the strengths of both our agencies and our dedication to personalized service in order to enhance the client experience.” Bell Nunnally Represents Primary Care Network Frontier Direct Care in $10M Acquisition of Health Plan Provider Asserta Health Partner Ray Balestri and Senior Associate Joshua Smith represented Harlingen, Texas-based primary care provider network Frontier Network, Inc. (d/b/a Frontier Direct Care) in its acquisition of Salt Lake City, Utah-based Asserta Health Inc. Asserta offers employers access to a cash-driven health plan, enabling self-insured and level funded employers to deliver health care benefits to their plan members. The deal, executed through stock-for-stock exchange, had an estimated value of $10 million.
Bell Nunnally Represents Utility-Grade Electrical Equipment Provider KD Johnson in ESOP Conversion
Partner Ty Johnson, Senior Associate Josh Smith, and associates Kimberly Cruz and Vikram Kadiri represented KD Johnson, Inc., a sales agency based in Leonard, Texas specializing in utility-grade electrical products over 9 states. KD Johnson was owned and operated by the family of its founder since it was established in 1985, and with its conversion to an ESOP, all KD Johnson employees now enjoy the benefits of ownership.
Bell Nunnally Represents Heartland IT Consultants in Sale to Buchanan Technologies Partners Ray Balestri and Ty Johnson and associates Kimberly Cruz and Matthew DeWitte represented Dallas-based enterprise application consulting company Heartland IT Consultants in its sale to Buchanan Consulting, a national consulting and outsourcing services firm. The sale allows Heartland IT to provide more services to its clients and to reach more clients on a national platform. Patrick Donlin, CEO and President of Sales for Heartland IT, commented in a Buchanan-issued press release, “We are proud to be a part of the Buchanan team. Buchanan’s breadth of experience and customers for Oracle-based solutions is a natural fit and perfectly aligns with the vision of Heartland for being a premier Oracle consulting firm. We look forward to supplementing and growing as one team.”
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