PNM Resources - M&A Summary and Business Overview

UtilitiesCompany

PNM Resources M&A Summary

PNM Resources has acquired 4 companies. A total of 3 acquisitions came from private equity firms. It has also divested 1 asset.

PNM Resources’ largest acquisition to date was in 2006, when it acquired The Twin Oaks Power facility for $480M. It’s largest disclosed sale occurred in 2009, when it sold Natural Gas Operations - PNM Resources to Continental Energy Systems for $640M. PNM Resources has acquired in 1 US state. The Company’s most targeted sectors include renewable energy (50%) and utilities (50%).

PNM Resources Business Overview

Where is PNM Resources headquartered?

PNM Resources is headquartered in Albuquerque, New Mexico.

What is PNM Resources’ revenue?

PNM Resources disclosed revenue of 1,939M USD for 2023 and 2,250M USD for 2022.

How many employees does PNM Resources have?

PNM Resources has 1,635 employees.

What sector is PNM Resources in?

PNM Resources is an utilities company.

When was PNM Resources founded?

PNM Resources was founded in 1882.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity2
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 2

PNM Resources

PNM Resources, Inc.

414 Silver Avenue SW,
Albuquerque, New Mexico 87102
United States,
(505) 241-2700
www.pnmresources.com

PNM Resources is an energy holding company that serves electricity to more than 730,000 homes and businesses in New Mexico and Texas. PNM Resources was founded in 1882 and is based in Albuquerque, New Mexico.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $669M $669M
Sell (0.0/yr) # 1 - - - - - 1
vol $640M $640M
  3

Most Recent M&A

Company Date Value Type
Natural Gas Operations - PNM Resources 2009-01-30 640M USD Divestiture
Albuquerque, New Mexico
The Twin Oaks Power facility 2006-04-18 480M USD Divestiture
, Texas
TNP Enterprises, Inc. 2005-06-06 189M USD Add-on Acquisition
Fort Worth, Texas · www.tnpe.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Renewable Energy 1 (50%) 480M (72%) - -
Utilities 1 (50%) 189M (28%) - -
Oil/Gas Exploration - - 1 (100%) 640M (100%)
Total 2 $669M 1 $640M

By Geo

State/Country Buy Value Sell Value
United States 2 669M 1 640M
  Texas 2 669M - -
  New Mexico - - 1 640M
Total 2 $669M 1 $640M

Top M&A Advisors

Financial Deals
BofA Securities
1
Legal Deals
Pillsbury Winthrop Shaw Pittman
1

Deal Values

buy # Total
$100M to $1B 2 $669M
TOTAL $669M
Largest The Twin Oaks Power facility
$480M (2006-04-18)
sell # Total
$100M to $1B 1 $640M
TOTAL $640M
Largest Natural Gas Operations - PNM Resources
$640M (2009-01-30)

M&A Connections

Deals
Acquired from
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)
Divested to
Strategic(s)
100%
1 (100%)

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