TPG Acquires Majority Stake in Sabre Industries from Blackstone

TPG, a leading global alternative asset management firm, has announced its intention to acquire a majority stake in Sabre Industries, Inc. The definitive agreements were signed on February 6, 2026, with the transaction expected to close by the second quarter of 2026, pending customary approvals and closing conditions.

Sabre Industries, headquartered in Alvarado, Texas, is recognized for its highly-engineered critical infrastructure solutions tailored for power utilities, telecom companies, and data centers. Founded in 1977, the company has established itself as a key player in the modernization of America’s electrical grid, with a workforce of approximately 2,800 employees and over 2.3 million square feet of manufacturing space.

TPG will make this investment through its TPG Rise Climate platform, which focuses on climate-related investments. Blackstone Energy Transition Partners, which initially invested in Sabre in 2021, will retain a significant minority stake and continue its partnership with the company. This collaboration is expected to leverage TPG’s expertise in grid modernization and electrification solutions.

Timothy Rossetti, CEO of Sabre Industries, emphasized the strategic fit, stating, “TPG Rise Climate’s expertise in grid modernization, power equipment, electrification solutions, and data centers makes them the right partner to support the continued scaling and manufacturing enhancements across all aspects of our business.”

Steven Mandel, Partner at TPG, noted the acquisition’s significance, saying, “Sabre’s diverse offerings play a vital role in strengthening the infrastructure that underpins America’s rapidly changing power landscape.” He highlighted the growing demand for reliable energy solutions amid increasing electricity needs and extreme weather events.

The deal is poised to enhance Sabre’s market position in the climate infrastructure sector, with potential synergies including cross-selling opportunities and shared operational resources. Blackstone’s JP Munfa remarked on Sabre’s advancements during their investment, noting increased production capacity and a growing backlog of projects.

As the transaction progresses, TPG and Sabre will focus on integrating their operations and aligning corporate cultures to ensure a smooth transition. The financial terms of the deal have not been disclosed, but the strategic implications are clear as both firms aim to capitalize on the evolving energy landscape.

In conclusion, this acquisition marks a significant step for TPG in expanding its footprint in the climate infrastructure sector, positioning Sabre Industries for continued growth and innovation in the years to come.