PNM Resources, Inc.

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

PNM Resources, Inc. is an energy holding company that serves electricity to more than 730,000 homes and businesses in New Mexico and Texas. PNM Resources, Inc. was established in 1917 and is headquartered in Albuquerque, New Mexico.

M&A Summary

Buy vs Sell

Year ≤ '12 '13 '14 '15 '16 '17 T
Buy (0.0/yr) # 2 - - - - - 2
vol $669M $669M
Sell (0.0/yr) # 1 - - - - - 1
vol $640M $640M
  3

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Financial Deals
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Legal Deals
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Deal Values

Buy # TOTAL
> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
TOTAL Sign-up to View
Largest The Twin Oaks Power facility
$480M (2006-04-18)
Sell # Total
> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
Total Sign-up to View
Largest Natural Gas Operations - PNM Resources
$640M (2009-01-30)

According to our data here at Mergr, 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%).

When analyzing the utilities sector as a whole, according to Mergr, in the last 3 years, there are 85 utilities companies that have made at least 1 acquisition, 5 have acquired at least 5 companies, and 1 has acquired more than 10 companies. The most prolific strategic utilities acquirer over the past 3 years is Pennsylvania American Water, with 8 acquisitions. The most prolific private equity acquirer in the utilities sector over the past 3 years is First Reserve Corp. with 2 platform acquisitions.

Join Mergr and gain access to PNM Resources’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the utilities sector.


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