The infrastructure investing arm of asset manager Blackstone is reportedly in talks to acquire New Mexico and Texas-focused utility TXNM Energy. This potential acquisition signals Blackstone's strategic interest in regulated utility businesses and critical infrastructure.
TXNM Energy operates electric utilities in New Mexico and Texas through its subsidiaries PNM and TNMP. A deal would expand Blackstone's significant infrastructure portfolio, which focuses on long-term, stable assets.
While still in the negotiation phase, these discussions highlight Blackstone's capacity to pursue large-scale acquisitions in essential services. The potential transaction would further diversify Blackstone's holdings and strengthen its presence in North American infrastructure.
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