In 1972, Geltmore’s CEO, Paul Silverman, became the sixth man to be hired in the Coldwell Banker Commercial Brokerage Company in Dallas, Texas. After three years of good success in retail leasing and land brokerage, Paul and his brother Harry, formed Geltmore Oil Co. in 1975 to acquire an existing business on the Intercoastal Waterway in Surfside, Texas. What was originally a tugboat filling station became a Texaco Marine distributorship that expanded into an oil field service business providing petroleum products to not only the marine business, but also the offshore and onshore oil exploration business. It was here that Paul started his career in economic development. Now, Paul has grown Geltmore into a successful and community-driven company in partnership with his two sons, Adam and David Silverman. Located in Albuquerque, New Mexico, Geltmore has invested over $600 million in New Mexico’s economy.