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TPG Inc. has agreed to acquire a majority stake in Sabre Industries, valuing the company at around $3.5 billion. The transaction is anticipated to close by the second quarter of 2026, pending necessary approvals.

Blackstone Inc.'s Energy Transition Partners will maintain a minority investment in the Texas-based firm, known for providing critical infrastructure for power utilities and data centers. The deal represents a fourfold return on Blackstone's 2021 investment. Sabre has expanded its battery storage capabilities, which are increasingly important for large data center operators.