TPG has signed definitive agreements to acquire a majority stake in Sabre Industries, a provider of engineered infrastructure solutions for electric transmission, telecom, and data center projects. The investment will be made through TPG Rise Climate, TPG’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 as a partner alongside TPG.
Sabre, founded in 1977 and headquartered in Alvarado, Texas, designs, engineers, and manufactures electrical transmission and distribution structures, wireless towers, and related components, and integrated electrical enclosures through an integrated engineering and manufacturing platform.
The company’s utility business is its largest segment and is positioned around U.S. grid modernization and reliability initiatives. Sabre also highlighted rising demand for its integrated enclosures in large-scale data center projects, linking the business to the continued expansion of digital infrastructure. The company employs about 2,800 people and operates more than 2.3 million square feet of domestic manufacturing space.
TPG framed the deal around rising U.S. electricity demand, the need to modernize aging grid infrastructure, and the growing importance of resilience amid extreme weather events that strain the power system. TPG also pointed to Sabre’s combination of transmission and distribution capabilities and its specialized data center enclosures as positioning the company at the center of those trends.
Blackstone said Sabre expanded during its ownership period, citing increased production capacity in the utility segment, expansion of integrated enclosures into the data center sector, and a backlog that reached record levels, while maintaining quality and customer service. Blackstone said it expects to continue supporting the business alongside management and TPG following the transaction.
The transaction is expected to close by the second quarter of 2026, subject to customary approvals and closing conditions. Financial terms were not disclosed.
Support: Latham & Watkins and Kirkland & Ellis served as legal counsel to TPG. Harris Williams, Jefferies, and Wells Fargo acted as financial advisors, and Vinson & Elkins served as a legal advisor to Sabre and Blackstone.
KEY QUOTES
“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, Chief Executive Officer and President, Sabre Industries
“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. 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.”
Steven Mandel, Partner, TPG
“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.”
JP Munfa, Senior Managing Director, Blackstone
