Acquisitions in New Mexico in 2025

UES has acquired GEOMAT, a Farmington, New Mexico-based geotechnical engineering, materials testing, and special inspection consultancy. The 50+ person firm will join UES’s West region as its first New Mexico presence, expanding UES’s footprint and service offering into the Four Corners area while GEOMAT continues to be led by President Matt Cramer, PE.

Austin-based insurance platform Equal Parts announced the acquisition of Blue Star Insurance Agency, a local brokerage in Belen, New Mexico. The deal — executed as part of Equal Parts' roll-up strategy and shortly after Strategic Insurance joined the Equal Parts platform — expands the platform's New Mexico footprint and supports Strategic Insurance's local growth efforts.

Atlantic Aviation has acquired Jet Center at Santa Fe, a full-service FBO at Santa Fe Regional Airport, adding approximately 16.5 acres of ramp space, a modern executive terminal and ~50,000 sq. ft. of heated hangar space to its network. The facility immediately begins operating as Atlantic Aviation and expands the operator's presence in New Mexico as part of its strategy to add high-quality FBO locations.

Strategic Gaming Management, LLC (SGM) has completed the acquisition of Sunland Park Racetrack & Casino for $301 million. Immediately following closing, SGM sold the real property to Gaming and Leisure Properties, Inc. (GLPI) in a sale‑leaseback; the deal expands SGM's portfolio of regional gaming assets and adds a leading New Mexico racetrack and casino.

Equal Parts, an Austin-based insurance platform, has acquired Strategic Insurance, an independent Albuquerque agency founded by Benito Ortiz. The agency will continue operating under its local brand while gaining access to Equal Parts’ technology, operational tools, and capital to support growth across Albuquerque and New Mexico.

Precision Cell Systems (PCS) has acquired BennuBio, a New Mexico–based developer of the Velocyt imaging flow cytometer, to expand PCS's single-cell and 3D cell culture analysis capabilities. BennuBio founders and leadership will join PCS to integrate the Velocyt platform, and BennuBio lead investor Tramway Ventures has joined PCS's investor syndicate to support the company's consolidation strategy.

Tecta America Commercial Roofing has acquired J3 Systems, a family-owned commercial roofing contractor based in Bosque Farms, New Mexico. The deal gives Tecta its first presence in New Mexico; J3 Systems will continue to operate under its name with Jeremy Utash serving as President and existing employees remaining in place.

RD Last Mile Holdings, LLC (doing business as ADL Final Mile), a final-mile delivery platform backed by Red Dog Equity, Monroe Capital and The Pritzker Organization, has acquired DMC Logistics, a regional final-mile and customized logistics provider serving the Southwest U.S. The acquisition expands ADL Final Mile's footprint in the Southwest (adding DMC’s service area across New Mexico, Arizona, Colorado, Nevada, Texas and Utah) as an add-on to its growing platform.

EP Wealth Advisors announced a strategic partnership to bring Santa Fe-based Better Money Decisions (BMD) into the EP Wealth platform, adding roughly $370 million in AUM and a small team of advisors. The move expands EP Wealth's presence in the Southwest and provides a succession plan as BMD Managing Partner Lorraine Ell transitions to retirement.

Eden Health has acquired Contigo Compounding, a licensed 503A compounding pharmacy, to integrate in-house sterile and non-sterile compounding capabilities into its personalized care platform. The acquisition gives Eden direct control of medication preparation and supply chain for faster adjustments, improved adherence, and next-day shipping for members.

Culmen International has acquired Albuquerque-based Technology Management Company, Inc., dba TMC Global Professional Services, expanding Culmen’s international program management, health security, and logistics capabilities. The acquisition brings TMC’s U.S. and international workforce into Culmen, strengthening its presence across Eastern Europe, the Middle East, and Central Asia and adding program experience in nonproliferation, bioscience capacity building, and international operations.

Radiance Technologies, a 100% employee‑owned prime contractor based in Huntsville, Alabama, has acquired XL Scientific, LLC (dba Verus Research), an Albuquerque‑based R&D contractor specializing in electromagnetic, directed energy and nuclear systems analysis. The acquisition brings Verus Research's technical capabilities into Radiance's portfolio and expands its DoD and intelligence community customer base.

TXNM Energy (NYSE: TXNM), the Albuquerque-based energy holding company that owns regulated utilities PNM and TNMP, has agreed to be acquired by Blackstone Infrastructure for $61.25 per share in cash, implying an enterprise value of $11.5 billion. Blackstone Infrastructure will fund the purchase with equity, make a concurrent $400 million private placement in TXNM, and intends to keep PNM and TNMP locally managed while supporting long-term investments for the energy transition; the deal is expected to close in the second half of 2026 subject to regulatory and shareholder approvals.

Rentvine has acquired Bynnd, a provider of trust accounting and bookkeeping services for property managers, and will integrate Bynnd’s accounting expertise into its platform. Kristin Johnson, Bynnd’s founder, is joining Rentvine’s leadership team as part of the transaction; Rentvine is a PE-backed property-management software provider (backed by Mainsail Partners).

Generational Group advised Pecos Propane, Inc., a family-owned propane distributor based in Pecos, New Mexico, on its sale to an undisclosed buyer; the transaction closed April 16, 2025. Pecos Propane serves residential and commercial customers across Northern New Mexico and was backed by the Pacheco family prior to the sale.

Paine Schwartz Partners-backed HGS BioScience has acquired Menefee Mining Corporation and Earthgreen Products, Inc., adding the Menefee mine and Earthgreen's extraction/formulation technology to its operations. The transaction expands HGS's humate product portfolio, vertical integration and manufacturing footprint (including processing in Cuba, New Mexico), enhancing its ability to supply premium humic and fulvic acid products to agricultural customers.

Salas O’Brien announced that Chavez-Grieves Consulting Engineers has joined the firm, bringing over 45 years of structural engineering, investigative engineering, and project management experience. The acquisition expands Salas O’Brien’s structural capabilities and geographic reach to better serve high-demand end markets including data centers, healthcare, and government.

B&R Auto, a portfolio company of Highview Capital, has acquired Highway 64 Truck and Auto Salvage, a Farmington, New Mexico-based auto salvage and recycled-parts provider. The add-on expands B&R's Western U.S. network into New Mexico and deepens its reach across the Southwestern U.S., including first-time access into Texas.

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.

Hub International Limited acquired the assets of Woods Insurance Services, Inc., an independent insurance agency headquartered in Farmington, New Mexico. The acquisition expands Hub Southwest's commercial, personal and employee benefits capabilities and strengthens its specialty oil & gas insurance offerings; terms were not disclosed.