TPG Inc. (TPG) entered a merger agreement on February 6, 2025, to acquire solar power provider Altus Power, Inc. (AMPS) in an all-cash deal valued at $2.2 billion.
As per the terms of the agreement, Altus Power will be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy for $5 per share of its Class A common stock in an all-cash transaction. The deal represents a premium of 30.55% from the stock’s last close.