08:59 AM EDT, 04/09/2025 (MT Newswires) -- Altus Power ( AMPS ) said Wednesday that its stockholders voted to approve the previously announced acquisition by TPG (TPG) through its TPG Rise Climate Transition Infrastructure strategy.

The deal values Altus Power ( AMPS ) at about $2.2 billion, including outstanding debt, the company said in February.

Under terms of the merger agreement, stockholders will receive $5 in cash per share, without interest and minus any applicable withholding taxes, the company said.

The transaction is expected to close on April 16.