Deal Details

AmSpec Is Acquired by TPG Rise Climate

Industrial

AmSpec, a portfolio company of Olympus, sale to TPG Rise Climate

Summary

AmSpec Parent, LLC (“AmSpec” or the “Company”), a portfolio company of Olympus Partners (“Olympus”), recently announced its sale to TPG Rise Climate. Olympus Partners will retain a minority position in the Company. The transaction is expected to close in the fourth quarter of 2023 and is subject to customary closing conditions. The terms of the transaction were not disclosed.

Baird served as financial advisor to AmSpec on this transaction.

About

For over 35 years, AmSpec has independently and accurately analyzed and measured a variety of products from petroleum and petrochemical to food and agricultural products around the world. The Company is a member and active participant in the TIC Council (formerly IFIA), the Grain and Trade Feed Association (GAFTA), the Federation of Oils, Seeds and Fats Association (FOSFA), ASTM, API, BQ9000, in addition to its approval as a Public Gauger by US Customs and Border Protection, an agency of the US Department of Homeland Security. AmSpec is based in Cranbury, New Jersey.

Olympus is a private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus manages funds in excess of $8.5 billion mainly on behalf of corporate pension funds, endowment funds and state sponsored retirement programs. Founded in 1988, Olympus is an active, long-term investor across a broad range of industries including business services, consumer products, healthcare services, financial services, industrial services and manufacturing. Olympus Partners is based in Stamford, Connecticut.

TPG Rise Climate is the dedicated climate investing strategy of TPG’s $18 billion global impact investing platform, TPG Rise. TPG Rise Climate pursues climate-related investments that benefit from the diverse skills of TPG’s investing professionals, the strategic relationships developed across TPG’s existing portfolio of climate-focused companies, and a global network of executives and advisors. The fund takes a broad-based sector approach to investment types, from growth equity to value-added infrastructure, and focuses on climate solutions in the following thematic areas: clean electrons, clean molecules and materials and negative emissions. Jim Coulter, TPG Founding Partner and Executive Chairman, serves as Managing Partner of TPG Rise Climate. Former US Treasury Secretary Hank Paulson serves as TPG Rise Climate’s Executive Chairman. TPG Rise Climate is based in Fort Worth, Texas.

Industrial

AmSpec, a portfolio company of Olympus, sale to TPG Rise Climate