April 2025 | New Mexico M&A Insights

The information reflects transactions as reported, including deal descriptions, values, and statuses, but may contain gaps, such as undisclosed deal terms or financial metrics, which limit comprehensive analysis. While efforts have been made to ensure accuracy, users should consult primary sources or professional advisors for legal, financial, or strategic decisions. No warranties are made regarding the completeness or reliability of this data, and the provider assumes no liability for its use.

April 2025 - National Transaction Value ($bn) and Transaction Count

Targets in New Mexico

New Mexico - Transaction Value and Count by Month

New Mexico — Business Sale Overview

In April 2025, New Mexico saw 3 M&A transactions targeting companies in the state, covering energy, consumer services, and restaurants. Key deals included Pecos Propane, Inc. acquired by an undisclosed buyer on April 16, Luna Laundry Co., Inc. acquired by All Washed Up Services Inc in Colorado Springs, CO on April 18, and Farina Alto Pizzeria & Wine Bar acquired by Cantina Hospitality, LLC in Santa Fe, NM on April 30. No specific deal values were disclosed; nonetheless, deal count reflects a positive month-over-month trend in New Mexico’s local markets.

New Mexico — Strategic vs. Sponsor-led Activity

New Mexico — X / Y Plot By Sector

New Mexico — M&A Segmentation

New Mexico — Sector Breakdown

Second Level Primary Industry Breakdown

New Mexico M&A Deal Summaries — Business Sale Activity for M&A Targets

The following transactions represent M&A activity where the target entity is headquartered in described geography, in line with the traditional reporting on target M&A deal volume and metrics captured in the charts and conventional analysis above.

1. Pecos Propane, Inc. (April 16, 2025)

   • An undisclosed buyer acquired Pecos Propane, Inc., enhancing its oil and gas storage operations in the energy sector with a family succession strategy supported by financial advisory expertise.

2. Luna Laundry Co., Inc. (April 18, 2025)

   • All Washed Up Services Inc in Colorado Springs, CO acquired Luna Laundry Co., Inc., strengthening its specialized consumer services in the consumer sector with a facilitated transaction to expand laundry offerings.

3. Farina Alto Pizzeria & Wine Bar (April 30, 2025)

   • Cantina Hospitality, LLC in Santa Fe, NM acquired Farina Alto Pizzeria & Wine Bar, expanding its restaurants operations in the consumer sector with a family succession deal to enhance dining experiences.

Buyers in New Mexico

The following transactions represent M&A activity where the acquiring entity is headquartered in described geography, distinct from the traditional reporting on target M&A deal volume and metrics captured in the charts and conventional analysis above.

New Mexico M&A Overview — Business Sale Activity for M&A Buyers

In April 2025, New Mexico buyers completed 3 M&A transactions in travel, hospitality, and dining, including NextTrip, Inc. in Santa Fe acquiring JOURNY assets for $0.41 million on April 1 and Five Star Alliance on April 14, and Cantina Hospitality, LLC in Albuquerque acquiring Farina Alto Pizzeria on April 30. Aggregate disclosed deal value was $0.41 million.

New Mexico M&A Deal Summaries — Business Sale Activity for M&A Buyers

1. JOURNY Business Assets of Ovation LLC (April 1, 2025)

   • NextTrip, Inc. in Santa Fe, NM acquired JOURNY business assets of Ovation LLC for $0.41 million, enhancing its unclassified travel services with a cash and stock deal and retained ownership involvement.

2. Five Star Alliance, LLC (April 14, 2025)

   • NextTrip, Inc. in Santa Fe, NM acquired the remaining 51% stake in Five Star Alliance, LLC, strengthening its hotels and resorts operations in the consumer sector with a strategic ownership consolidation.

3. Farina Alto Pizzeria & Wine Bar (April 30, 2025)

   • Cantina Hospitality, LLC in Albuquerque, NM acquired Farina Alto Pizzeria & Wine Bar, expanding its restaurants operations in the consumer sector with a family succession deal to enhance dining offerings.

M&A Segmentation — Glossary:

1. M&A – Whole: The acquisition of 100% ownership of a target company, giving the buyer full control.

2. M&A – Asset: The purchase of specific assets, such as mineral rights or property, without acquiring the entire company.

3. M&A – Minority: The acquisition of a non-controlling stake, typically under 50%.

4. M&A – Spinoff or Splitoff: The divestiture of a business unit into a separate entity or distribution of subsidiary shares to shareholders.

Deal Terms — Glossary:

1. Transaction Value: Represents the total consideration paid for a transaction, including net debt only if assumed, capturing the full financial scope of the deal.

2. Deal Value: Focuses solely on the consideration paid for the equity acquired, excluding net debt, to reflect the cost of ownership.

3. Implied Enterprise Value: Provides a standardized measure of the target’s total entity value, incorporating 100% of the enterprise including net debt, for consistent comparison with metrics like LTM EBITDA and Revenue.

4. Implied Equity Value: Isolates the equity portion, representing 100% of the target’s equity value, enabling a clear equity-to-equity comparison across transactions.

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