Q4 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.
This Quarter - National Transaction Value ($bn) and Transaction Count
Targets in New Mexico
New Mexico - Transaction Value and Count by Month
New Mexico — Business Sale Overview
New Mexico’s Q4 2025 M&A landscape reflected a dynamic mix of cross-border strategic consolidation and institutional capital deployment across biotechnology, energy infrastructure, gaming, financial services, and industrials. In Albuquerque’s growing life sciences corridor, Precision Cell Systems’ acquisition of BennuBio and Peli BioThermal’s $25.5 million purchase of SAVSU Technologies underscored sustained investor appetite for advanced cellular analytics and temperature-controlled pharmaceutical logistics—sectors benefiting from long-term healthcare innovation tailwinds. The quarter’s marquee transaction was the $301 million acquisition of Sunland Park Racetrack & Casino, signaling confidence in New Mexico’s border-market gaming assets and durable regional cash flows. Energy and natural resources activity remained pronounced, highlighted by Targa Northern Delaware’s $171 million acquisition of Dovetail Midstream in Eddy County and consolidation within the Carlsbad potash basin, reinforcing the Permian’s strategic importance. Financial services and industrial consolidation rounded out the quarter, including GECU Federal Credit Union’s expansion into Roswell through its acquisition of substantially all assets of Bank of the Southwest and Federal Signal’s $45.5 million acquisition of Mega Corp., reflecting continued interest in Southwestern municipal, infrastructure, and energy-adjacent platforms. Collectively, Q4 activity demonstrates that New Mexico remains a compelling market for both strategic acquirers and institutional buyers seeking scale, asset quality, and long-duration cash flow visibility across resilient sectors.
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.
BennuBio, Inc. (10/1/2025) Precision Cell Systems, Inc. of Livermore, CA, acquired BennuBio, Inc. of Albuquerque, NM, advancing its cellular technology capabilities and biotechnology product offerings.
SAVSU Technologies, Inc. (10/6/2025) Peli BioThermal LLC of Maple Grove, MN, acquired SAVSU Technologies, Inc. of Albuquerque, NM for $25.5M, strengthening its cold chain logistics capabilities for pharmaceutical and biotech temperature-sensitive shipments.
Strategic Insurance Group (10/8/2025) Equal Platform Solutions, Inc. of Austin, TX, acquired Strategic Insurance Group of Albuquerque, NM, consolidating its insurance technology platform capabilities across the Southwest market.
Sunland Park Racetrack & Casino (10/15/2025) Strategic Gaming Management, LLC of Carson City, NV, acquired Sunland Park Racetrack & Casino of Sunland Park, NM for $301M, expanding its gaming footprint into the New Mexico border market.
Kachina Petroleum Equipment Co. (11/3/2025) D&H United Fueling Solutions, Inc. of Humble, TX, acquired Kachina Petroleum Equipment Co. of Albuquerque, NM, strengthening its petroleum equipment and services capabilities across the Southwest region.
Substantially all the assets and liabilities of Bank of the Southwest (11/17/2025) GECU Federal Credit Union of El Paso, TX, acquired substantially all the assets and liabilities of Bank of the Southwest of Roswell, NM, expanding its presence into the New Mexico banking market.
Dovetail Midstream, LLC (12/3/2025) Targa Northern Delaware LLC of Houston, TX, acquired Dovetail Midstream, LLC of Eddy County, NM for $171M, consolidating its midstream infrastructure presence in the prolific Permian Basin.
Mega Corp. (12/18/2025) Federal Signal Corporation of Downers Grove, IL, acquired Mega Corp. of Albuquerque, NM for $45.5M, strengthening its presence in the southwestern municipal and industrial equipment markets.
Mosaic Potash Carlsbad Inc. (12/22/2025) International Minerals Carlsbad, LLC acquired Mosaic Potash Carlsbad Inc. of Carlsbad, NM for $30M, consolidating potash mining operations in the Permian Basin region.
M&A Segmentation — Glossary:
M&A – Whole: The acquisition of 100% ownership of a target company, giving the buyer full control.
M&A – Asset: The purchase of specific assets, such as mineral rights or property, without acquiring the entire company.
M&A – Minority: The acquisition of a non-controlling stake, typically under 50%.
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:
Transaction Value: Represents the total consideration paid for a transaction, including net debt only if assumed, capturing the full financial scope of the deal.
Deal Value: Focuses solely on the consideration paid for the equity acquired, excluding net debt, to reflect the cost of ownership.
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.
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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