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M&AClosedApril 16, 2025

Altus Power — largest US owner/operator of commercial-scale solar with 1+ GW operating across 28 states

TPG Rise Climate Transition Infrastructure completes all-cash take-private of Altus Power at $5.00/share (66% premium). Agreement signed Feb 6, 2025; shareholder approval April 9, 2025; closed April 16, 2025. Altus delisted from NYSE. Largest take-private of a publicly-traded commercial solar IPP. Portfolio: 1+ GW operating commercial-scale solar across 28 states.

$2.20B

Deal Value

1,000MW

Capacity

Solar

Technology

Multi-state

Location

MarketsSolar

Deal Details

Deal Type
Corporate M&A
Seller / Sponsor
Altus Power (NYSE: AMPS, public company)
Deal Value
$2.2B (incl. debt)
Stage
Operating
ISO/RTO
Multiple

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