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Blackstone completes acquisition of TXNM Energy

PUBLIC · BXAug 10, 2026

Acquiring Company

Blackstone

Acquired Company

TXNM Energy

New YorkAlbuquerqueFinancial ServicesReal EstateFinanceReal Estate InvestmentEnergyOil And GasRenewable EnergySolarEnergy ManagementEnergy StorageEnergy EfficiencyBiomass Energy

Description

Blackstone has successfully acquired TXNM Energy in a deal valued at $400 million. Initial talks of the acquisition began in Spring 2025, culminating with the formal agreement in May 2025. The acquisition received approval from multiple regulatory bodies including the New Mexico Public Regulation Commission and federal energy regulators. Despite earlier controversies surrounding stock sales, the deal was pushed through successfully.

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Company Information

Company

Blackstone

Location

345 Park Avenue

New York, New York, United States

About

Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $649 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone. SOURCE Simplilearn Solutions Private Limited

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Frequently asked

Who acquired TXNM Energy?

TXNM Energy was acquired by Blackstone, based in New York. The deal was reported on August 10, 2026. Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Blackstone is publicly traded (BX) and operates in Financial Services.

When did Blackstone acquire TXNM Energy?

Blackstone's acquisition of TXNM Energy was reported on August 10, 2026. Blackstone has successfully acquired TXNM Energy in a deal valued at $400 million. Initial talks of the acquisition began in Spring 2025, culminating with the formal agreement in May 2025. 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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