Brief: TPG To Buy Majority Stake In Power Infra Firm Sabre In Deal Valuing The Company At Around $3.5 Billion - Source

TPG

06/02/2026 15:54

NEW YORK, Feb 6 (Reuters) - Private markets firm TPG  TPG.O has agreed to buy a majority stake in Sabre Industries from Blackstone BX.N, the companies said on Friday, in a deal people familiar with the matter said valued the power infrastructure company at around $3.5 billion.

Blackstone will maintain a significant minority stake in Texas-based Sabre, which makes components for electricity and communications infrastructure. It has around 2,800 employees and its biggest business is in the utility sector, the companies said in a statement.

(Reporting by Isla Binnie)

((isla.binnie@thomsonreuters.com))