TPG Seals $3.5 Billion Deal for Power Infra Firm Sabre (2)

TPG Inc. has struck a deal to acquire a majority stake in Sabre Industries, one of the largest providers of critical infrastructure for power utilities, telecoms and data centers.

TPG Rise Climate is acquiring the stake from Blackstone Inc.’s Energy Transition Partners, which will remain a minority investor, according to a statement reviewed by Bloomberg News. Terms of the transaction were not disclosed.

The deal values Sabre at about $3.5 billion, people familiar with the matter said, asking not to be identified as the information isn’t public.

Founded in 1977, Alvarado, Texas-based Sabre designs and manufactures components ...