Greenbelt Consortium Buys Saber Power Services
Greenbelt Capital Partners, in partnership with funds managed by Schroders Capital, StepStone Group and Wafra Inc., has acquired Saber Power Services LLC, an infrastructure services company, from Oaktree Capital Management LP.
Greenbelt secured debt and equity financing to support the acquisition from Blackstone Credit.
Houston-based Saber serves customers throughout Texas and the Southeast. The investment will allow Saber to continue to support the energy transition by facilitating the build-out of renewables and battery resources.
“Grid enablement and modernization is a key sector focus at Greenbelt. We believe Saber’s end-to-end service platform is critical to facilitate the growing penetration of distributed energy resources across the grid, as well as meet the increasing demands of mass-scale industrial electrification,” said Chris Murphy, Partner at Greenbelt.
Founded in 2010, Saber is a fully integrated electrical services firm offering end-to-end design, construction, testing and maintenance solutions for substations and medium-to-high-voltage infrastructure.