Tracked deals
9
9 tracked deals across 2021-2026.
Energy Buyers & Acquisitions in New Mexico
Buyer mix
Mixed buyer set
7 pe · 6 strategic
Top trend
Volume peaked in 2026
2 tracked deals announced in 2026.
Primary Insight
What Stands Out
- Verdera Energy Corp. completed a distribution of enCore Energy Corp. shares to enCore shareholders, resulting in a direct interest in Verdera and its ISR uranium portfolio in New Mexico.
- Standard Solar acquired an eight-project, 48.4 MW New Mexico community solar portfolio under the state Community Solar Program for long-term ownership and operations.
- Private equity and operating platforms show up across subsectors: Pelican Energy Partners acquired Lancs Industries (radiation containment and shielding) for the nuclear supply chain.
- Bernhard Capital Partners acquired New Mexico Gas Company (NMGC) from Emera, keeping NMGC’s existing name, management team, and Albuquerque headquarters.
- Growth investment in hydrogen: Newlight Partners LP led an equity investment in BayoTech for on-site hydrogen generation and Gas-as-a-Service expansion.
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Verdera Energy Corp. | 2 | Private uranium company focused on developing advanced ur... | Strategic |
| Bernhard Capital Partners | 1 | Infrastructure and services-focused private markets inves... | PE |
| Cottonwood Technology Fund | 1 | Seed and early‑stage venture fund focused on deep tech an... | PE |
| Crestwood Equity Partners LP | 1 | Midstream energy operator focused on gathering, processin... | Strategic |
| Critical Energy Infrastructure Services (CEIS) | 1 | Platform and national provider of human capital, consulti... | Strategic (PE-backed) |
| Energy Systems Group | 1 | Provider of sustainable infrastructure and energy service... | Strategic (PE-backed) |
| Fortistar | 1 | Privately‑owned investment firm focused on sustainability... | PE |
| Newlight Partners LP | 1 | Growth equity firm investing across telecommunications, f... | PE |
| Pelican Energy Partners | 1 | Houston-based private equity firm specializing in small- ... | PE |
| Standard Solar | 1 | Develops, funds, and provides long-term ownership and ope... | Strategic |
Acquisition Volume in Energy in New Mexico by Year
Last 6 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Verdera Energy Corp.
- Target
- Verdera Energy Corp.
- Seller
- enCore Energy Corp.
- Industry
- Energy
- Location
- New Mexico, United States
- Type
- Divestiture
Verdera Energy Corp. completed a previously announced distribution of Verdera shares to enCore Energy Corp. shareholders of record on September 25, 2026, with distribution completion on September 30, 2026. The distribution resulted in enCore shareholders receiving a direct interest in Verdera and its portfolio of in-situ recovery (ISR) uranium assets in New Mexico.
-
- Buyer
- Standard Solar
- Target
- 48.4 MW New Mexico community solar portfolio (eight projects)
- Industry
- Energy
- Location
- New Mexico, United States
- Type
- Buyout
Pluma Construction, with support from ForeFront Power, developed an eight-project, 48.4 MW community solar portfolio in New Mexico under the state Community Solar Program. Standard Solar acquired the portfolio and will serve as the long-term owner and operator, with Solstice leading subscriptions and customer acquisition.
-
March 18, 2025
- Buyer
- Verdera Energy Corp.
- Target
- enCore subsidiary holding the Crownpoint, Hosta Butte, Nose Rock, West Largo, and Ambrosia Lake–Treeline uranium projects
- Seller
- enCore Energy Corp.
- Industry
- Energy
- Location
- New Mexico, United States
- Type
- Divestiture
enCore Energy Corp. entered into a share purchase agreement with Verdera Energy Corp. for Verdera to acquire an enCore subsidiary holding Crownpoint, Hosta Butte, Nose Rock, West Largo, and Ambrosia Lake–Treeline uranium projects in New Mexico. The deal consideration includes 50,000,000 non-voting preferred shares of Verdera (about 73% of fully diluted shares), plus royalties and a $350,000 cash payment, with closing anticipated by March 31, 2025.
-
January 13, 2025
- Buyer
- Pelican Energy Partners
- Target
- Lancs Industries
- Industry
- Energy
- Location
- New Mexico, United States
- Type
- Buyout
Houston-based private equity firm Pelican Energy Partners has acquired Lancs Industries, an Albuquerque-based manufacturer of radiation containment and shielding solutions serving the DOE, commercial nuclear, U.S. Navy, national laboratories and pharmaceutical sectors. Pelican said the deal will support growth and job creation in Albuquerque as the firm looks to expand capabilities in the nuclear supply chain.
-
- Buyer
- Bernhard Capital Partners
- Target
- New Mexico Gas Company, Inc. (NMGC)
- Seller
- Emera Inc.
- Industry
- Energy
- Location
- New Mexico, United States
- Type
- Buyout
Emera agreed to sell its wholly owned operating company, New Mexico Gas Company, Inc. (NMGC), to Bernhard Capital Partners for an aggregate transaction value of $1.252 billion, including assumed debt. The deal received New Mexico Public Regulation Commission approval and Bernhard later announced the acquisition closed, keeping NMGC’s existing name, management team, and Albuquerque headquarters.
-
June 17, 2024
- Buyer
- Energy Systems Group
- Target
- Yearout Energy Services
- Industry
- Energy
- Location
- New Mexico, United States
- Type
- Addon
Energy Systems Group (ESG) has acquired Yearout Energy Services to expand its national footprint and strengthen its service offerings in the Southwest, including Texas, Colorado, Arizona and New Mexico. Yearout’s management, led by President Colby Geer, will remain in place as part of ESG’s leadership team to accelerate growth and deliver expanded design-build, energy-efficiency, distributed generation and O&M services to public and private sector clients.
-
February 17, 2023
- Buyer
- Critical Energy Infrastructure Services (CEIS), White Wolf Capital
- Target
- Clover Leaf Solutions
- Industry
- Energy
- Location
- New Mexico, United States
- Type
- Addon
Critical Energy Infrastructure Services (CEIS), a platform backed by White Wolf Capital, has acquired Clover Leaf Solutions, a New Mexico–based provider of consulting and staffing services to Department of Energy laboratories and commercial clients. The acquisition is the second add-on to the CEIS platform and is intended to expand CEIS's geographic reach and service offerings across the U.S.; financial terms were not disclosed.
-
- Buyer
- Crestwood Equity Partners LP
- Target
- Sendero Midstream Partners, LP
- Seller
- ECP
- Industry
- Energy
- Location
- New Mexico, United States
- Type
- Buyout
Crestwood Equity Partners LP entered into a definitive agreement to acquire Sendero Midstream Partners, LP for $600 million in cash. The transaction was expected to close in July 2022 and is aimed at expanding Crestwood’s natural gas gathering and processing footprint in Eddy County, New Mexico (Northern Delaware Basin).
-
January 5, 2021
- Buyer
- Newlight Partners LP, Cottonwood Technology Fund, Sun Mountain Capital, Fortistar
- Target
- BayoTech, Inc.
- Industry
- Energy
- Location
- New Mexico, United States
- Type
- Growth capital
BayoTech received an equity investment of up to $157 million led by growth equity firm Newlight Partners, with participation from Cottonwood Technology Fund, Sun Mountain Capital and Fortistar. The capital will accelerate BayoTech’s product and project development and infrastructure expansion for its on‑site hydrogen generation and Gas‑as‑a‑Service offerings.
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Frequently Asked Questions
Which energy subsectors are represented in these New Mexico acquisitions?
The page covers uranium assets, community solar portfolios, natural gas midstream, gas distribution, nuclear-adjacent supply chain services, and hydrogen generation/Gas-as-a-Service.
Are the listed deals concentrated in New Mexico?
Yes—every referenced transaction is tied to New Mexico, United States (including cases where a buyer’s footprint expands beyond the state).
What recurring types of buyers appear across the transactions?
Recurring participants include energy-focused public companies and private equity-backed platforms such as Verdera Energy Corp., Standard Solar, Pelican Energy Partners, Bernhard Capital Partners, Crestwood Equity Partners LP, and Critical Energy Infrastructure Services (CEIS).
Do the deals include both acquisitions and share-related restructurings?
Yes. The list includes both direct acquisitions (for example, solar portfolios and operating companies) and a share distribution completion connected to ISR uranium asset ownership.
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