Edit: I got it to look how I want with the following code but I don't think its the proper way.
\begin{figure}
\begin{minipage}{0.5\textwidth}
\flushleft
\includegraphics[height=1.4cm]{Logo_file1}
\newline
\newline
Official company of a thing,\\
In a place somewhere\\
Bla bla bla Lorem Ipsum!
\end{minipage}
%\hfill
\begin{minipage}{0.5\textwidth}
\flushright
\includegraphics[height=4.0cm]{Logo_file2}
\end{minipage}
\end{figure}
So I got the following bit of code:
\begin{figure}
\includegraphics[height=1.4cm]{Logo_file1}
\hfill
\includegraphics[height=4.0cm]{Logo_file2}
\end{figure}
Official company of a thing,\\
In a place somewhere\\
Bla bla bla Lorem Ipsum!
But this causes the first image to be at the bottom of the "box" that these images are in.
I need this image to sit at the top flush with the top of the second image like in this picture:
valign=t
option provided if you load\usepackage[export]{adjustbox}
might help with the vertical alginment of the images.