From Quiver Quantitative: 2025-05-19 23:50:00

Blackstone Infrastructure is acquiring TXNM Energy in an $11.5 billion deal to capitalize on rising U.S. electricity demand and the shift to cleaner power sources, valuing TXNM at $61.25 per share, a 15% premium. With record power needs expected in 2025, Blackstone’s investment aims to support TXNM’s clean energy targets and modernize critical infrastructure in New Mexico and Texas. The deal, set to close in the second half of 2026, will see CEO Pat Collawn step down in favor of Don Tarry to lead the utility’s efforts in meeting growing demand and clean energy goals.



Read more at Quiver Quantitative: Blackstone’s (BX) $11.5 Billion TXNM Acquisition Bets on U.S. Power Surge