TPG has signed definitive agreements to acquire a majority stake in Sabre Industries, Inc. It 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 and continue Blackstone’s partnership with the company.
Sabre is a provider of critical infrastructure solutions for power utilities, telecom, and data centres. Founded in 1977 and headquartered in Alvarado, Texas, the company designs, engineers, and manufactures advanced electrical transmission and distribution structures, wireless towers and associated components, integrated electrical enclosures, and related structures through an integrated engineering and manufacturing platform.
The company has approximately 2,800 employees and over 2.3 million square feet of domestic manufacturing space. Sabre’s utility business, its largest segment, provides integrated enclosures used to meet the demands of large-scale data centre projects.
The transaction is expected to close by the second quarter of 2026, subject to customary approvals and closing conditions. Terms of the transaction were not disclosed. Latham & Watkins LLP and Kirkland & Ellis LLP served as legal counsel to TPG. Harris Williams, Jefferies, and Wells Fargo acted as financial advisors and Vinson & Elkins acted as a legal advisor to Sabre and Blackstone.
