In a move underscoring Wall Street’s deepening wager on climate-resilient infrastructure, TPG Acquires Stake in Sabre Industries, taking a majority position in the critical infrastructure provider from Blackstone Energy Transition Partners, the companies announced Friday.
The transaction, guided by legal teams from Latham & Watkins LLP, Kirkland & Ellis LLP and Vinson & Elkins LLP, is expected to close in the second quarter of 2026.
Climate Capital Meets Grid Demands
TPG is making the investment through its TPG Rise Climate platform, a strategy focused on businesses positioned at the intersection of energy transition and long-term sustainability.
Blackstone, which first invested in Sabre through its managed funds in 2021, will retain a minority stake after the deal closes, maintaining a foothold in the company’s future growth.
Sabre Industries, which employs approximately 2,800 people, supplies infrastructure critical to data centers and telecommunications companies — sectors increasingly central to a digitized economy. According to a Reuters report published Friday, Sabre carries an estimated valuation of $3.5 billion.
