TPG Acquires Altus Power for $2.2 Billion
February 6, 2025
Altus Power, a commercial-scale clean energy provider focused on solar and related infrastructure, agreed to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy in an all-cash deal valued at about $2.2 billion (including outstanding debt). In the merger, Altus Power stockholders receive $5.00 per share. The transaction closed in April 2025 and Altus Power became privately held, with its NYSE listing removed.
- Targets
- Altus Power, Inc.
- Industry
- Infrastructure
- Location
- Connecticut, United States
- Transaction Type
- Buyout
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