8-K
filed April 16, 2025, 7:59 PM ET
CIK 0001828723
M&A
confidence high
sentiment neutral
materiality 1.00
Altus Power, Inc.: M&A transaction — Altus Power completes $2.2B all-cash acquisition by TPG; stock delisted from NYSE
Altus Power, Inc.
- Stockholders receive $5.00 per share; total enterprise value ~$2.2B including debt.
- Class A common stock ceased trading on NYSE under AMPS; intends to deregister with SEC.
- Company enters new $200M term loan + $100M delayed draw + up to $200M incremental at 8.5% interest.
- Existing credit agreement repaid and terminated; equity compensation plans terminated.
- Board resignations except Felton, Davidson, Harris; officers continue with surviving corporation.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christine R. Detrick resigned as Director at Altus Power, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Accordingly, as of the Effective Time, Christine R. Detrick, Robert C. Bernard, Robert M. Horn, Richard N. Peretz, Tina C. Reich and Richard A. Shapiro, resigned and ceased serving on the Company’s board of directors and all of its committees.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard A. Shapiro resigned as Director at Altus Power, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Accordingly, as of the Effective Time, Christine R. Detrick, Robert C. Bernard, Robert M. Horn, Richard N. Peretz, Tina C. Reich and Richard A. Shapiro, resigned and ceased serving on the Company’s board of directors and all of its committees.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert M. Horn resigned as Director at Altus Power, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Accordingly, as of the Effective Time, Christine R. Detrick, Robert C. Bernard, Robert M. Horn, Richard N. Peretz, Tina C. Reich and Richard A. Shapiro, resigned and ceased serving on the Company’s board of directors and all of its committees.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard N. Peretz resigned as Director at Altus Power, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Accordingly, as of the Effective Time, Christine R. Detrick, Robert C. Bernard, Robert M. Horn, Richard N. Peretz, Tina C. Reich and Richard A. Shapiro, resigned and ceased serving on the Company’s board of directors and all of its committees.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Tina C. Reich resigned as Director at Altus Power, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Accordingly, as of the Effective Time, Christine R. Detrick, Robert C. Bernard, Robert M. Horn, Richard N. Peretz, Tina C. Reich and Richard A. Shapiro, resigned and ceased serving on the Company’s board of directors and all of its committees.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert C. Bernard resigned as Director at Altus Power, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Accordingly, as of the Effective Time, Christine R. Detrick, Robert C. Bernard, Robert M. Horn, Richard N. Peretz, Tina C. Reich and Richard A. Shapiro, resigned and ceased serving on the Company’s board of directors and all of its committees.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Altus Power, Inc. underwent a change of control involving Avenger Parent, Inc. for $5.00 per share in cash (closed 2025-04-16).
- Action
- change of control
- Counterparty
- Avenger Parent, Inc.
- Consideration
- $5.00 per share in cash
- Closing
- 2025-04-16
Exact text from the filing
On April 16, 2025, pursuant to that certain Agreement and Plan of Merger, dated as of February 5, 2025 (the “ Merger Agreement ”), by and among Altus Power, Inc., a Delaware corporation (the “ Company ”), Avenger Parent, Inc., a Delaware corporation (“ Parent” ), and Avenger Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent (“ Merger Sub ”), Merger Sub merged with and into the Company (the “ Merger ”), with the Company continuing as the surviving corporation and a wholly owned subsidiary of Parent (the “ Surviving Corporation ”).
View on SEC.gov
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