TPG to acquire a majority stake in Sabre Industries from Blackstone Energy Transition Partners.

TPG, a private equity firm, agreed to acquire a majority stake in Sabre Industries, a fully-integrated provider of highly-engineered, mission-critical structures and components to the utility and telecom industries, from Blackstone Energy Transition Partners, an energy transition-focused investment platform. Financial terms were not disclosed. “Sabre’s platform leverages engineering, manufacturing, and technical expertise to support the mission-critical infrastructure that utility, data center and telecom companies, and their customers, count on. TPG Rise Climate’s expertise in grid modernization, power equipment, electrification solutions, and data centers, along with their understanding of the needs facing the businesses we serve, makes them the right partner to support the continued scaling and manufacturing enhancements across all aspects of our business. We look forward to continuing the success we have achieved with Blackstone as we move ahead to strengthen America’s power and communications networks,” Timothy Rossetti, Sabre Industries Chief Executive Officer and President.