$60 Billion Blackstone Infrastructure Buys United States Energy Group TXNM Energy for $11.5 Billion in All-Cash Transaction Representing +23% Premium to 30-Day Volume Weighted Average Price (5/3/25), Founded in 1917 as Albuquerque Gas & Electric Company
20th May 2025 | Hong Kong
Blackstone Infrastructure ($60 billion AUM) has announced to buy United States Energy Group TXNM Energy for $11.5 billion in all-cash transaction, representing +23% premium to 30-day Volume Weighted Average Price (5/3/25). TXNM Energy was founded in 1917 as Albuquerque Gas & Electric Company. TXNM Energy – TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. Blackstone Infrastructure – Blackstone Infrastructure is an active investor across energy, transportation, digital infrastructure and water and waste infrastructure sectors. We seek to apply a long-term buy-and-hold strategy to large-scale infrastructure assets with a focus on delivering stable, long-term capital appreciation together with a predictable annual cash flow yield. Our approach to infrastructure investing is one that focuses on responsible stewardship and stakeholder engagement to create value for our investors and the communities we serve.
“ $60 Billion Blackstone Infrastructure Buys United States Energy Group TXNM Energy for $11.5 Billion in All-Cash Transaction Representing +23% Premium to 30-Day Volume Weighted Average Price (5/3/25), Founded in 1917 as Albuquerque Gas & Electric Company “
$60 Billion Blackstone Infrastructure Buys United States Energy Group TXNM Energy for $11.5 Billion in All-Cash Transaction Representing +23% Premium to 30-Day Volume Weighted Average Price (5/3/25), Founded in 1917 as Albuquerque Gas & Electric Company

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