TPG acquires majority stake in power infrastructure company Sabre

Glonghui, February 9th｜According to Reuters, private equity firm TPG has agreed to acquire a majority stake in Sabre Industries from Blackstone Group. Sources revealed that the deal values the power infrastructure company at approximately $3.5 billion. Blackstone Group will continue to hold a significant minority stake in Texas-based Sabre. Sabre's main business focuses on the utilities sector, producing components for power and communications infrastructure, and it has about 2,800 employees.