TPG Inc. has agreed to acquire a majority stake in Sabre Industries, a U.S. developer of critical power‑infrastructure solutions, from Blackstone. The deal values Sabre at roughly $3.5 billion and will give TPG a controlling interest in the company’s operations, with the transaction expected to close later in 2026.
The acquisition is part of TPG’s strategy to deepen its presence in the power‑infrastructure sector through its TPG Rise Climate Fund, a climate‑focused private‑equity vehicle. It represents the fund’s second purchase of a power‑infrastructure company in recent months, following the July 2025 sale of Sabre’s Hospitality Solutions business. The move aligns with growing demand for data‑center and telecom infrastructure, as well as the modernization of aging electric grids to support the expansion of AI and cloud computing.
Blackstone’s exit from Sabre is a sign of the value created during its ownership. The firm originally invested in Sabre in April 2021 and, after a four‑fold increase in valuation, sold its majority stake while retaining a significant minority position. The continued minority holding signals Blackstone’s confidence in Sabre’s long‑term growth prospects and the broader power‑infrastructure market.
Sabre Industries reported about $1 billion in sales in 2025, with an EBITDA of $265 million for the fiscal year ending in April 2025 and a projected EBITDA of $300 million for fiscal 2026. The company’s largest segment is its utility business, which supplies advanced electrical transmission and distribution structures, wireless towers, and integrated enclosures to power utilities, data centers, and telecom operators.
The transaction underscores the strategic importance of resilient power infrastructure for the AI boom and the need to upgrade grids to withstand extreme weather events. Steven Mandel, partner at TPG, said the deal “strengthens the infrastructure that underpins America’s rapidly changing power landscape, at a time when reliability and resilience are more critical than ever.” Timothy Rossetti, Sabre’s CEO, added that the partnership with TPG “will support the continued scaling and manufacturing enhancements across all aspects of our business.”
By adding Sabre to its portfolio, TPG expands its credit and real‑estate platforms with a high‑growth, climate‑aligned asset class, positioning the firm to capture opportunities in the evolving power‑infrastructure market.
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