CBRE Acquisition Holdings (CBAH) to combine with Altus Power in $1.6Bn Deal

CBRE Acquisition Holdings, Inc. (NYSE:CBAH) has entered into a definitive agreement to combine with renewable energy firm Altus Power at an enterprise value of $1.6 billion, or 14.3x its 2022E EBITDA. Greenwich, Connecticut-based Altus Power has built or acquired distributed generation solar facilities totaling about 265 megawatts (MW) and provides generation facilities for commercial, residential
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