Acquiring Company
Blackstone Infrastructure
Acquired Company
TXNM Energy
City Of RochesterAlbuquerqueEnergyRenewable EnergyEnergyOil And GasRenewable EnergySolarEnergy ManagementEnergy StorageEnergy EfficiencyBiomass EnergyDescription
Blackstone Infrastructure has acquired TXNM Energy, the parent company of PNM, with a focus on job creation and expanding clean energy in New Mexico. The deal ensures local management will remain in place and includes significant financial commitments for community benefits. Blackstone plans to invest $35 million in workforce development alongside rate credits for PNM customers. The acquisition aims to modernize the energy grid while keeping PNM’s operations regulated and community-focused.
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M&A Insights
Based on deal dataFrequently asked
Who acquired TXNM Energy?
TXNM Energy was acquired by Blackstone Infrastructure, based in City Of Rochester. The deal was reported on March 29, 2026. Blackstone Infrastructure is an active investor across energy, transportation, digital infrastructure, and water and waste infrastructure sectors. Blackstone Infrastructure is privately held and operates in Energy.
When did Blackstone Infrastructure acquire TXNM Energy?
Blackstone Infrastructure's acquisition of TXNM Energy was reported on March 29, 2026. Blackstone Infrastructure has acquired TXNM Energy, the parent company of PNM, with a focus on job creation and expanding clean energy in New Mexico. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does TXNM Energy do?
TXNM Energy is an energy holding company based in Albuquerque, New Mexico. It delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. It is publicly traded (TXNM), operating in Energy, and is based in Albuquerque.
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