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

Transaction to support continued growth of leading provider of engineered solutions for electric transmission, telecom, and data center infrastructure

Existing investor Blackstone will retain significant minority stake

ALVARADO, Texas; SAN FRANCISCO & FORT WORTH, Texas; NEW YORK--(BUSINESS WIRE)--TPG, a leading global alternative asset management firm, today announced that it has signed definitive agreements to acquire a majority stake in Sabre Industries, Inc. (“Sabre” or the “Company”). TPG will make the investment through TPG Rise Climate, the firm’s dedicated climate investing platform. Funds managed by Blackstone Energy Transition Partners (“Blackstone”), which first invested in Sabre in 2021, will retain a significant minority stake and continue Blackstone’s partnership with the Company.

Sabre is a leading provider of highly-engineered critical infrastructure solutions for power utilities, telecom companies, and data centers. 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 a fully integrated engineering and manufacturing platform. Sabre’s utility business, its largest segment, supports the modernization and reliability of America’s electrical grid. Its integrated enclosures are increasingly used to meet the demands of large-scale data center projects, supporting the nation’s buildout of digital infrastructure. With approximately 2,800 employees and over 2.3 million square feet of purpose-built domestic manufacturing space, Sabre is trusted by leading utilities and infrastructure partners to deliver high-reliability execution for projects that modernize and strengthen the U.S. electrical grid, telecom, and data center infrastructure.

“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,” said Timothy Rossetti, Chief Executive Officer and President of Sabre Industries. “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.”

“Sabre’s diverse offerings play a vital role in strengthening the infrastructure that underpins America’s rapidly changing power landscape, at a time when reliability and resilience are more critical than ever,” said Steven Mandel, Partner at TPG. “We believe there is a significant opportunity for leading equipment providers to meet rising electricity demand and modernize a grid increasingly vulnerable to extreme weather events. Sabre’s leadership in transmission and distribution, combined with its specialized enclosures for the data center market, positions the Company at the heart of these essential trends. We look forward to partnering with Tim and the Blackstone team in this next chapter.”

JP Munfa, Senior Managing Director at Blackstone, said: “During Blackstone’s investment, Sabre has advanced its longstanding position as a trusted provider of highly engineered, mission-critical solutions for the infrastructure that support our daily lives – significantly increasing production capacity in its utility segment, expanding its integrated enclosure offering into the data center sector, and growing backlog to record levels, all while maintaining the company’s longstanding track record of superior quality, customer service, and engineering certainty. We look forward to continuing our partnership, together with Tim, the management team, and TPG, to support Sabre’s continued growth and innovation.”

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.

About Sabre Industries, Inc.

Sabre Industries is a leading provider of highly-engineered critical infrastructure for power utilities, data center, and telecom. Recognized for precision engineering, unrivaled quality, and elite service, Sabre delivers engineered structures mission-critical service providers can count on to power communities and connect people. For more information, please visit www.sabreindustries.com.

About TPG Rise Climate

TPG Rise Climate is the dedicated climate investing platform of TPG, a leading global alternative asset management firm. With dedicated pools of capital across private equity, transition infrastructure, and the Global South, TPG Rise Climate pursues climate-related investments that benefit from the diverse skills of TPG’s investing professionals around the world, the strategic relationships and insights developed across TPG’s broad portfolio of climate companies, and a global network of executives, advisors, and corporate partners. As part of TPG’s $31 billion global impact investing platform, TPG Rise Climate invests broadly across the climate sector, with a focus on building and scaling leading climate solutions across the following thematic areas: clean electrons, clean molecules and materials, and adaptive solutions. For more information, visit https://www.tpg.com/platforms/impact/rise-climate.

About Blackstone Energy Transition Partners

Blackstone Energy Transition Partners is Blackstone’s strategy for control-oriented equity investments in energy-related businesses, with a successful long-term record, having committed over $27 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering more reliable, affordable and cleaner energy to meet the growing needs of the global community. In the process, we work to build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders. Further information is available at https://www.blackstone.com/our-businesses/blackstone-energy-transition-partners/.

About Blackstone

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.