TPG has signed definitive agreements to acquire a majority stake in Sabre Industries, with the investment to be made 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 shareholding and continue their partnership with the company.
Founded in 1977 and headquartered in Alvarado, Texas, Sabre Industries is a provider of engineered infrastructure solutions for power utilities, telecommunications networks and data centres. The company designs, engineers and manufactures electrical transmission and distribution structures, wireless towers, integrated electrical enclosures and related components through a fully integrated engineering and manufacturing platform.
Sabre’s largest business segment supports the modernisation and reliability of the US electricity grid, while its integrated enclosure systems are increasingly being deployed in large-scale data centre developments, reflecting growing demand for digital infrastructure. The company employs around 2,800 people and operates more than 2.3 million square feet of purpose-built manufacturing facilities across the United States.
Timothy Rossetti, Chief Executive Officer and President of Sabre Industries, said the partnership with TPG Rise Climate would support the next phase of the company’s growth. He highlighted TPG’s experience in grid modernisation, electrification and data centre infrastructure, and said the firm was well placed to support continued scaling and manufacturing enhancements across Sabre’s operations, while building on the progress made alongside Blackstone.
Steven Mandel, Partner at TPG, said Sabre plays a critical role in strengthening infrastructure at a time when grid reliability and resilience are increasingly important. He pointed to rising electricity demand and the growing impact of extreme weather events as key drivers for investment in transmission, distribution and supporting equipment, noting that Sabre’s portfolio positions it at the centre of these trends.
JP Munfa, Senior Managing Director at Blackstone, said that during Blackstone’s ownership Sabre had expanded production capacity in its utility business, extended its enclosure offering into the data centre sector and grown its order backlog to record levels, while maintaining high standards of quality and customer service. He added that Blackstone looked forward to continuing its partnership with Sabre’s management team and TPG to support further growth and innovation.
The transaction is expected to close by the second quarter of 2026, subject to customary regulatory approvals and closing conditions. Financial terms were not disclosed.
Latham & Watkins and Kirkland & Ellis acted as legal advisers to TPG. Harris Williams, Jefferies and Wells Fargo served as financial advisers, with Vinson & Elkins providing legal advice to Sabre Industries and Blackstone.
