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Blackstone to Acquire TXNM Energy for $11.5 Billion

5/20/2025

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Summary

Story summary

Blackstone Infrastructure is set to acquire TXNM Energy for $11.5 billion, valuing shares at $61.25 each.
This acquisition supports clean energy transitions and meets rising power demand in Texas and New Mexico, benefiting over 800,000 customers.
An additional investment of $400 million will be made to foster TXNM's growth.
The deal is anticipated to close in the second half of 2026, subject to regulatory approvals.

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Story summary

Blackstone Infrastructure is set to acquire TXNM Energy for $11.5 billion, valuing shares at $61.25 each.
This acquisition supports clean energy transitions and meets rising power demand in Texas and New Mexico, benefiting over 800,000 customers.
An additional investment of $400 million will be made to foster TXNM's growth.
The deal is anticipated to close in the second half of 2026, subject to regulatory approvals.