Some unexpected obstacles got in the way, but after a year-long regulatory review, Troutman Sanders partner Terry C. Bridges was able to help close a deal on behalf of a New Mexico utility company.
Bridges’ client, PNM Resources Inc., closed Jan. 30 on the $640 million sale of its natural gas operations in New Mexico to Continental Energy Systems LLC. Continental is owned by funds controlled by New York private equity firm Lindsay Goldberg LLC. Following its purchase of PNM Resources’ natural gas assets, Continental renamed the business New Mexico Gas Co.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
