The transaction is set for completion in the second quarter of 2025, transitioning Altus Power into a private entity.

(Reuters) -Buyout firm TPG's climate investment arm will acquire Altus Power for $2.2 billion in an all-cash deal, including debt, the provider of solar power to commercial property owners and residential homes said on Thursday.

Altus Power, Inc. ("Altus Power" or the "Company") (NYSE: AMPS), the largest owner of commercial-scale solar in the US, today announced it has entered into a definitive agreement to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy for $5.