TPG Rise Climate completed the acquisition of a majority stake in AmSpec from Olympus Partners.

TPG Rise Climate, the dedicated climate investing strategy of TPG, completed the acquisition of a majority stake in AmSpec, a testing, inspection, and certification company, from Olympus Partners, a private equity firm. Financial terms were not disclosed. “As part of its broad set of services, AmSpec has developed deep expertise in the control of pollutants and emissions factors in legacy fuels, and they will play a critical role in processing, testing, and certifying the growing volume of increasingly complex renewable fuels that we see coming online. We are thrilled to be investing in AmSpec’s best-in-class lab network at this inflection point in the global fuels mix, and we look forward to working closely with the management team to enter new markets and accelerate the global energy transition,” Marc Mezvinsky, TPG Partner.