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acquisitionAnnounced · Feb 16, 2026EnergySource · AdvertisementsArticle · Promotional
Blackstone acquires PNM
David Najork · Founding Software Engineer
Announced · Updated · 1 min read
Deal value
$105M
Target
PNM
TXNM:PNM
Acquirer
Blackstone
Full Acquisition
Status
Pending
Blackstone agreed to acquire PNM. Reported deal value: $105M. Status: Pending. Sector: Energy. Target headquarters context: Location not specified.
This page summarizes publicly available information about the transaction as of 2026-02-16. Figures and status may change as filings and press coverage update.
TXNM Energy , the parent company of PNM , reached an agreement approved by shareholders last year for Blackstone Infrastructure to make a long-term investment in New Mexico energy transition through the acquisition of the company publicly traded shares
Deal timeline
Announced
Feb 16, 2026 · santafenewmexican.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context
This transaction is classified in Energy with a reported deal value of $105M. Figures and status may change as sources update.
Sources: santafenewmexican.com · Primary article · FireStrike proprietary index