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Home / Deal Tracker / TPG Acquires Altus Power
Renewable Energy Take-Private Completed

TPG Acquires Altus Power

Acquirer
TPG
Target
Altus Power
2025
Year
🇺🇸 United States
Country
Take-Private
Deal Type
$X.XB
Deal Value 🔒
Sector
Solar
Industry
Renewable Energy
Date Added
Mar 22, 2026
Status
Completed
🔒

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TPG acquired Altus Power, a commercial-scale solar energy provider, for approximately $2.2 billion in early 2025, taking the company private at $5.00 per share.

As a result of the transaction, Altus Power is now a privately-held company.

Moelis & Company is acting as financial advisor to Altus Power and Latham & Watkins LLP is acting as legal counsel to Altus Power. PJT Partners is acting as financial advisor to TPG Rise Climate and Kirkland & Ellis LLP is acting as legal counsel to TPG Rise Climate.