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
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- Altus Power (NYSE: AMPS, public company)
- Buyer / Financier
- TPG Rise Climate Transition Infrastructure
- Deal Value
- $2.2B (incl. debt)
- Stage
- Operating
- ISO/RTO
- Multiple
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