Simpson Thacher represented TPG Rise Climate in connection with its pending acquisition of AmSpec Group, Inc. (“AmSpec”), one of the fastest growing testing, inspection, and certification companies specializing in energy, commodities and fuels. The transaction is subject to regulatory review and customary closing conditions and is expected to close in the fourth quarter of 2023.
Founded in 1986, AmSpec operates an extensive global footprint of over 300 inspection sites and laboratories throughout 61 countries, many of which are located at key industrial centers, ports, or trade hubs. AmSpec’s core service involves testing and certifying the performance and emission qualities of fuels or commodities at each stage along the value chain.
TPG Rise Climate is the dedicated climate investing strategy of TPG’s $18 billion global impact investing platform TPG Rise.
The Simpson Thacher team includes Katherine Krause, Anthony Vernace, Erica Egenes, David Goodman, Michael Chen and Jack Larkin (M&A); Jennifer Hobbs, Benjamin Persina and Taylor Nefussy (Banking & Credit); Jeannine McSweeney, Kristy Fields, Laura Gallo, Megan Arrowsmith and Warsame Elmi (Executive Compensation and Employee Benefits); Russell Light, Edward Grais and Zev Klein (Tax); Lori Lesser, Rachelle Broida and Mark Natividad (Intellectual Property); Krista McManus and David Z. Rosenberg (Real Estate); Toby Chun and Deepa Sarkar (Environmental, Health and Safety); and Leah Malone, Emily Holland, Matt Feehily and Courtney Kobren (ESG).