TPG Rise Climate Acquires Majority Stake in AmSpec from Olympus Partners

October 11, 2023

TPG Rise Climate has signed a definitive agreement to acquire a majority interest in AmSpec (AmSpec Parent, LLC / AmSpec Group, Inc.) from Olympus Partners, with Olympus retaining a minority stake. AmSpec is a global testing, inspection, and certification (TIC) provider operating over 300 inspection sites and 166 laboratories with more than 5,000 employees; TPG Rise Climate said it will support the company’s expansion into renewable fuels and other climate-related markets. The transaction is subject to regulatory review and expected to close in Q4 2023.

Targets
AmSpec (AmSpec Parent, LLC / AmSpec Group, Inc.)
Sellers
Olympus Partners
Location
New Jersey, United States
Transaction Type
Buyout

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