Acquiring Company
TXNM Energy
Acquired Company
PNM Resources
AlbuquerqueAlbuquerqueEnergyOil And GasRenewable EnergySolarEnergy ManagementEnergy StorageEnergy EfficiencyBiomass EnergyEnergyOil And GasRenewable EnergyEnergy ManagementEnergy StorageBiomass EnergyDescription
TXNM Energy, Inc. has completed the acquisition of PNM Resources, transforming PNM into TXNM Energy. This merger is set to enhance TXNM's utility operations and customer services. As part of the merger, eligible common shares will receive a cash payment if the pending Blackstone Infrastructure deal closes, subject to approvals. The merger aims to create a more efficient energy provider in the region.
Quick answer
TXNM Energy is acquiring PNM Resources, announced October 4, 2026. TXNM Energy is based in Albuquerque, New Mexico, United States.
- How much did TXNM Energy pay for PNM Resources?
- The deal value was not disclosed.
- What does TXNM Energy do?
- TXNM Energy is an energy holding company based in Albuquerque, New Mexico.
- Where are TXNM Energy and PNM Resources based?
- TXNM Energy is based in Albuquerque, New Mexico, United States. PNM Resources is based in Albuquerque, New Mexico, United States.
- Who are the decision-makers at TXNM Energy?
- Fundz holds 3 contacts at TXNM Energy. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at TXNM Energy, and when
When TXNM Energy changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day TXNM Energy raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at TXNM Energy, from your own LinkedIn network
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Fundz sees it the moment TXNM Energy makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently asked
Who acquired PNM Resources?
PNM Resources was acquired by TXNM Energy, based in Albuquerque. The deal was reported on October 4, 2026. 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. TXNM Energy is publicly traded (TXNM) and operates in Energy.
When did TXNM Energy acquire PNM Resources?
TXNM Energy's acquisition of PNM Resources was reported on October 4, 2026. TXNM Energy, Inc. has completed the acquisition of PNM Resources, transforming PNM into TXNM Energy. This merger is set to enhance TXNM's utility operations and customer services. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does PNM Resources do?
PNM Resources is a regulated utility that provides electricity to customers in New Mexico and Texas. The company focuses on delivering reliable and safe electric service while supporting sustainable energy initiatives and investing in infrastructure upgrades. It is privately held, operating in Energy, and is based in Albuquerque.
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