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.

Counterparts (7)

legal

Vinson & Elkins

company · 1 deals

Vinson & Elkins is a global law firm that advises leading companies on complex legal matters across key industries. They offer forward-thinking counsel and tailored solutions to help clients achieve their goals and protect business value.

Investor

TPG Rise Climate

company · 2 deals

TPG Rise Climate is the dedicated climate investing arm of TPG Rise. They focus on investing in climate solutions across a range of sectors to drive decarbonization.

Buyer

TPG

company · 3 deals

TPG is a leading global alternative asset manager with a diversified set of investment strategies, including private equity, impact, credit, real estate, and market solutions. The firm focuses on innovation-led growth and has a culture of openness and collaboration.

target

Sabre Industries, Inc.

company · 2 deals

Sabre Industries, Inc. is a leading provider of highly-engineered critical infrastructure for power utilities, telecom, and data centers. They offer engineered structures, coatings, and galvanizing services.

advisor

Jefferies

company · 2 deals

Jefferies is a global investment banking and capital markets firm. They deliver expertise across sectors and regions, offering services including investment banking, equities, fixed income, and wealth management.

Harris Williams

company · 1 deals

Harris Williams is a global investment bank specializing in M&A advisory services. They provide financial advice on mergers, acquisitions, and other strategic transactions.

Wells Fargo

company · 3 deals

Wells Fargo is a diversified financial services company providing banking, investment and mortgage products and services, as well as consumer and commercial finance. They serve individuals, businesses and institutions.