Magazine : Archives : 1st Quarter 2023

Competitive Concerns Complicate M&A

Everything you need to know about Plainview, Texas, is in the name. Plainview is a town of about 20,000 in the Panhandle, located about halfway down a 100-mile stretch of Interstate 27. It’s flat, grazing ranch land where the eye can see for miles in all directions. The town’s population has dropped by roughly 10% in the last 10 years. It’s the kind of place where residents drive north to Amarillo or south to Lubbock — both more than 40 miles away — to visit both a specialty physician or buy a prom dress, says J. Pat Hickman, a retired...