Utilities Acquisitions in New Mexico
Showing 1 transactions.
-
- Buyer
- Bernhard Capital Partners
- Target
- New Mexico Gas Company, Inc.
- Seller
- Emera Inc.
- Industry
- Utilities
- Location
- New Mexico, United States
- Type
- Buyout
Bernhard Capital Partners has agreed to acquire New Mexico Gas Company (NMGC) from Emera Inc. for an aggregate transaction value of $1.252 billion USD, including assumption of approximately $500 million of debt. The deal, subject to New Mexico Public Regulation Commission approval and HSR clearance, is expected to close in late 2025 and supports Emera's portfolio optimization while giving BCP a regulated utility platform investment in New Mexico.
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