Okmin to Acquire BevPoint Capital in Strategic Shift

The deal will see Okmin move into the craft beverage and experiential hospitality sectors.

Published on Feb. 11, 2026

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Okmin Resources Inc. announced it has entered into an agreement to acquire BevPoint Capital LP, a company building a national portfolio of craft beverage and experiential hospitality brands. The transaction will see Okmin shift its strategic focus away from its legacy energy assets and towards the consumer-oriented beverage and hospitality sector. Upon closing, BevPoint's CEO Chris Sellers will assume the role of Chief Executive Officer, while Okmin's President Jonathan Herzog will become the incoming Chairman of the Board.

Why it matters

The acquisition represents a significant strategic shift for Okmin, moving the company away from its historical focus on oil and gas assets and into the growing craft beverage and experiential hospitality markets. BevPoint's portfolio of authentic, independent brands and its expertise in scaling immersive consumer experiences is seen as a compelling opportunity to drive long-term value for shareholders.

The details

Under the terms of the agreement, Okmin will issue 220 million shares of its common stock to the partners and management of BevPoint in exchange for 100% of the existing interests of BevPoint. This will give the BevPoint interest holders a majority of the issued and outstanding shares of the combined company. The transaction also includes additional earn-out consideration contingent upon the achievement of specified revenue and earnings milestones. BevPoint is required to make a minimum capital infusion of $730,000 prior to closing.

  • The agreement was announced on February 4, 2026.
  • The transaction is anticipated to close by the end of the first quarter of 2026.

The players

Okmin Resources Inc.

A natural resource company historically focused on acquiring, exploring, and developing oil and gas assets in the mid-continent region of the United States.

BevPoint Capital LP

An emerging company focused on building a national portfolio of consumer lifestyle brands in the craft beverage and experiential hospitality sectors.

Chris Sellers

A veteran industry executive with more than 25 years of leadership experience in sales and operations, including prior roles as President of two beverage companies. He will assume the role of Chief Executive Officer of the combined company.

Jonathan Herzog

The President of Okmin and incoming Chairman of the Board of the combined company, bringing more than 25 years of corporate and senior management experience across both private and public companies.

American Icon Brewery

A well-known craft brewery based in Vero Beach, Florida, which was recently acquired by BevPoint as part of its early-stage growth strategy.

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What they’re saying

“Bringing the BevPoint vision to the public markets positions us for transformative growth. We believe the BevPoint story, paired with Okmin's network and team, will create a compelling opportunity to scale authentic consumer experiences nationwide.”

— Chris Sellers, Chief Executive Officer (Instagram)

“This transaction represents a unique opportunity for Okmin. BevPoint brings a proven operating vision, authentic brands, and a scalable model well suited for the public markets. We believe this business is uniquely positioned to expand culture-driven consumer experiences while delivering long-term value for shareholders.”

— Jonathan Herzog, President, Okmin Resources Inc. (Instagram)

What’s next

Upon closing the transaction, anticipated by the end of the first quarter of 2026, the combined company intends to change its name to BevPoint, Inc. and will apply to change its trading symbol to BVPT.

The takeaway

This acquisition marks a significant strategic shift for Okmin, moving the company away from its legacy energy assets and into the growing craft beverage and experiential hospitality sectors. The combination of BevPoint's proven operating vision, authentic brands, and scalable model with Okmin's network and public company expertise is seen as a compelling opportunity to expand culture-driven consumer experiences and deliver long-term value for shareholders.