TPG to Acquire Majority Stake in Sabre Industries from Blackstone

TPG, through its TPG Rise Climate platform, has signed definitive agreements to acquire a majority stake in Sabre Industries from Blackstone Energy Transition Partners. Blackstone, which initially invested in Sabre in 2021, will retain a significant minority stake and continue its partnership with the company. The acquisition aims to support Sabre's continued scaling and manufacturing enhancements, leveraging TPG's expertise in grid modernization, power equipment, electrification solutions, and data centers. The transaction is expected to close by the second quarter of 2026, subject to customary approvals.