TPG to Acquire Majority Stake in Sabre Industries from Blackstone Energy Transition Partners

TPG has signed definitive agreements to acquire a majority stake in Sabre Industries, a leading provider of engineered infrastructure solutions for electric transmission, telecommunications, and data center projects. The investment will be made through TPG Rise Climate, TPG’s dedicated climate investment arm.

Funds managed by Blackstone Energy Transition Partners, which first invested in Sabre in 2021, will retain a significant minority stake and continue its partnership with the company. Financial terms of the transaction were not disclosed. The deal is expected to close in the second quarter of 2026, subject to customary regulatory approvals and closing conditions.

 

Sabre’s Role in Modernizing Critical U.S. Infrastructure

 

Founded in 1977 and headquartered in Alvarado, Texas, Sabre Industries designs, engineers, and manufactures advanced infrastructure components used across power utilities, wireless networks, and data centers. Its product portfolio includes electrical transmission and distribution structures, wireless towers and related components, and integrated electrical enclosures.

Sabre’s utility business represents its largest operating segment and supports grid modernization and reliability efforts across the United States. Its integrated enclosure systems are increasingly deployed in large-scale data center developments, reflecting growing demand for digital infrastructure alongside rising electricity loads.

The company operates a fully integrated engineering and manufacturing platform, employs approximately 2,800 people, and maintains more than 2.3 million square feet of purpose-built domestic manufacturing space. Sabre serves major utilities and infrastructure partners, positioning it at the intersection of grid resilience, telecom expansion, and data center growth.

 

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Management Sees Alignment with Climate and Electrification Trends

 

Timothy Rossetti, Chief Executive Officer and President of Sabre Industries, said the partnership with TPG Rise Climate reflects a strategic fit around grid modernization, electrification, and data center infrastructure. He noted that TPG’s experience across power equipment, electrification solutions, and climate-oriented infrastructure will support Sabre’s next phase of manufacturing expansion and operational scaling.

Rossetti added that Sabre looks forward to building on the progress achieved under Blackstone’s ownership as it continues to strengthen U.S. power and communications networks.

 

TPG Highlights Grid Resilience and Rising Power Demand

 

Steven Mandel, Partner at TPG, said Sabre’s platform plays a critical role in strengthening infrastructure that underpins the U.S. power system at a time when reliability and resilience are increasingly important. He pointed to rising electricity demand, grid vulnerability to extreme weather, and the expansion of data centers as structural drivers supporting long-term growth.

Mandel said Sabre’s leadership in transmission and distribution infrastructure, combined with its specialized enclosures for data centers, positions the company at the center of these converging trends.

 

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Blackstone to Remain a Long-Term Partner

 

JP Munfa, Senior Managing Director at Blackstone, said that since Blackstone’s initial investment in 2021, Sabre has significantly expanded production capacity in its utility segment, broadened its integrated enclosure offering into the data center market, and grown its backlog to record levels. He emphasized that these gains were achieved while maintaining Sabre’s long-standing reputation for engineering quality, execution certainty, and customer service.

Munfa said Blackstone looks forward to continuing its partnership with Sabre’s management team and TPG to support further growth and innovation.

 

Transaction Advisors and Legal Counsel

 

Latham & Watkins LLP and Kirkland & Ellis LLP served as legal counsel to TPG. Harris Williams, Jefferies, and Wells Fargo acted as financial advisors, while Vinson & Elkins advised Sabre Industries and Blackstone.

source: https://www.blackstone.com/news