Industrial/Manufacturing

Blackstone sells majority of Sabre Industries to TPG in $3.5bn deal

Blackstone will retain a significant minority of the business, which is held under its Blackstone Energy Partners III fund and yielded Blackstone a 4x multiple on invested capital.

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TPG has agreed to acquire a majority stake of Blackstone-backed Sabre Industries, a manufacturer of power infrastructure components for utilities, telecoms and data centers.

The deal saw a total valuation of $3.5 billion, reflecting a multiple of around 12x EBITDA of $290 million from the 12 months ending in December 2025, Infrastructure Investor Deals has learned.