TPG, a global alternative asset management firm, has agreed to acquire a majority stake in Sabre Industries, a provider of highly engineered critical infrastructure solutions for power utilities, telecom and data centers, from Blackstone. Financial terms were not disclosed.
TPG will make the investment through TPG Rise Climate, the firm’s dedicated climate investing platform. Funds managed by Blackstone Energy Transition Partners, which first invested in Sabre in 2021, will retain a significant minority stake in the company.
Founded in 1977 and headquartered in Alvarado, Texas, Sabre designs, engineers and manufactures advanced electrical transmission and distribution structures, wireless towers and associated components, integrated electrical enclosures, and related structures through a fully integrated engineering and manufacturing platform. Sabre’s utility business, its largest segment, supports the modernization and reliability of America’s electrical grid. I
