Galenfeha, Inc. (OTCPK:GLFH) signed a letter of intent to acquire all of the membership interest in Fleaux Services of Louisiana, LLC for $18 million on May 1, 2018. The transaction is contingent on Galenfeha’s ability to raise the funds, and Galenfeha has engaged Wall Street firm Paulson Investment Company, LLC as the lead placement agent for financing the transaction. Trey Moore, President and Chief Executive Officer, and founder of Fleaux Services, is assuming the role of Galenfeha’s Chief Executive Officer. Fleaux Services of Louisiana has an annual revenue of $36 million in 2017.