TPG to Take Minority Stake in Sabre Industries via Climate Platform

TPG has agreed to acquire a majority stake in Sabre Industries, investing 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 their partnership with the company. Financial terms were not disclosed. 

Founded in 1977 and headquartered in Alvarado, Texas, Sabre is a leading provider of highly engineered critical infrastructure solutions serving power utilities, telecom operators, and data center customers. 

“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,” said Timothy Rossetti, CEO and president of Sabre Industries. 

“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,” said Steven Mandel, partner at TPG. 

The transaction is expected to close by the second quarter of 2026. Terms of the deal 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.