TPG Rise Climate to Acquire Olympus Terminals

TPG Rise Climate Acquires Majority Stake in AmSpec from Olympus Partners

October 11, 2023

Industrial Services

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.

TPG Rise Climate Acquires Majority Stake in A-Gas from KKR

August 17, 2023

Environmental Services

TPG Rise Climate, the climate investing strategy of TPG, has agreed to acquire a majority stake in A-Gas, the global refrigerant gas recovery and reclamation specialist. KKR will remain a significant minority shareholder and minority investor LDC will fully exit; the transaction is expected to close by the end of 2023 subject to customary approvals.

TPG Rise Climate Acquires Majority Stake in Aurora Energy Research

June 4, 2025

Data & Analytics

TPG Rise Climate (TPG) has agreed to acquire a majority stake in Aurora Energy Research from CGE Partners, with CGE reinvesting alongside 22C Capital and Aurora management. Aurora — an Oxford-based energy market analytics and software platform serving utilities, governments and investors — will scale its data, analytics and software capabilities globally with TPG’s climate investing resources and 22C’s operational support.

TPG Rise Climate and GIC to Acquire Techem for ~€6.7 Billion

October 1, 2024

Energy

TPG Rise Climate (TPG) and GIC signed an agreement to acquire Techem Group for total consideration of approximately €6.7 billion. The deal is expected to close in the first half of 2025 (subject to regulatory approvals), with Partners Group acting as the previous majority owner on behalf of its clients and co-investors CDPQ and Ontario Teachers’ Pension Plan.

TPG Rise Climate Acquires MIRATECH

September 4, 2024

Industrial Services

TPG Rise Climate, the climate investing strategy of TPG, has acquired MIRATECH Corp., a North American market leader in aftermarket emissions and noise reduction technology for stationary industrial engines. The seller was BP Energy Partners (portfolio company of BP Natural Gas Opportunity Partners II); TPG plans to leverage MIRATECH's engineering and manufacturing capabilities to expand products, end markets (including data center backup power), and geographic reach to support decarbonization efforts.

TPG Acquires Altus Power for $2.2 Billion

February 6, 2025

Infrastructure

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.