Alternative asset manager TPG Rise has acquired a majority stake in Sabre Industries, a provider of critical infrastructure solutions for power utilities, telecom, and data centers.

TPG bought the stake from funds managed by Blackstone Energy Transition Partners, which will retain a minority holding in the company. The acquisition was completed through TPG’s dedicated climate investment platform, TPG Rise Climate.

“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,” said Timothy Rossetti, CEO and president of Sabre Industries. “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.”

Headquartered in Alvarado, Texas, Sabre was founded in 1977. The company designs and manufactures a range of electrical transmission and distribution structures, wireless towers and associated components, integrated electrical enclosures, and related structures. Its largest business segment is its utility unit, which, over recent years, has predominantly focused on meeting the demands of large data center projects.

The company currently employs approximately 2,800 people and has more than 2.3 million sq ft (213,67 sqm) of purpose-built domestic manufacturing space.

“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,” said Steven Mandel, partner at TPG. “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.”

The deal is expected to close by the end of Q2 2026.

TPG has invested heavily in the data center market. In December 2024, the company partnered with Google and Intersect Power to support the buildout of colocated renewable power and storage technologies with new data centers across the US. Google subsequently acquired Intersect in a $4.75 billion deal in December of last year.

Last November, the asset manager made a direct investment in Tata Consultancy Services’ new data center venture. Both companies announced a combined Rs 18,000 crore ($2bn) to support the growth of Tata's AI data center business, HyperVault.

Founded in 1992, TPG is a private equity firm with some $286bn in assets under management. The firm has invested in a number of telecoms and fiber firms, and is behind the large Quantum Frederick data center park in Maryland.