Blackstone to Buy Sabre Industries From Jordan Co.
By Colin Kellaher
Blackstone Group Inc. on Tuesday said it agreed to buy energy
and telecom infrastructure provider Sabre Industries Inc. from
fellow private-equity firm Jordan Co. for an undisclosed
Blackstone said the deal is part of a focus on investing in
companies that support the transition to cleaner, more affordable
energy by Blackstone Energy Partners, its energy-focused
Blackstone said Sabre, based in Alvarado, Texas, makes overhead
steel poles, towers, battery-storage solutions and related services
for electrical utility and telecom end markets.
Blackstone said Sabre will continue to operate independently as
a portfolio company, adding that Sabre's leadership team and
employees plan to invest alongside the firm in the transaction,
slated to close in the second quarter.
Blackstone Energy Partners has invested more than $18 billion of
equity globally across a range of sectors within the energy
New York middle-market private-equity firm Jordan acquired Sabre
from Kohlberg & Co. in 2019.
Write to Colin Kellaher at firstname.lastname@example.org
(END) Dow Jones Newswires
April 13, 2021 10:35 ET (14:35 GMT)
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