TPG Inc.'s stock soared 5.10% during Friday afternoon trading following the announcement of a major acquisition in the power infrastructure sector.
The private markets firm has agreed to acquire a majority stake in Sabre Industries from Blackstone Energy Transition Partners in a deal that values the power infrastructure company at around $3.5 billion. The acquisition will be made through TPG Rise Climate, the firm's dedicated climate investing platform, and represents a strategic move into critical infrastructure for power utilities, telecom companies, and data centers.
Blackstone will retain a significant minority stake in Texas-based Sabre, which has approximately 2,800 employees and specializes in engineered solutions for electrical transmission and distribution. The transaction is expected to close by the second quarter of 2026, subject to customary approvals and closing conditions.
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