Latham Advises TPG on Acquisition of Majority Stake in Sabre Industries From Blackstone Energy Transition Partners

TPG, a leading global alternative asset management firm, has announced that it has signed definitive agreements to acquire a majority stake in Sabre Industries, Inc. (Sabre or the Company). TPG will make the investment through TPG Rise Climate, the firm’s dedicated climate investing platform. Funds managed by Blackstone Energy Transition Partners (Blackstone), which first invested in Sabre in 2021, will retain a significant minority stake and continue Blackstone’s partnership with the Company.

Latham & Watkins LLP advised TPG in the transaction with a corporate deal team led by Boston/New York partner Kristen Grannis, Houston partner James Garrett, and Boston partner John Miller, with associates Jameson Miller, Kevin Donovan, David Lee, Talia Wyschogrod, Jennifer Boyd, Harrison Little, and Alec Born. Advice was also provided on project development and finance matters by associate James Langlois; on tax matters by Bay Area partner Katharine Moir, with associate Greg Conyers; on benefits and compensation matters by Chicago partner Ben Rosemergy, with associates Victoria Wolfe and Alyssa Dantoin; on labor and employment matters by New York counsel Sandy Benjamin, with associate Sahar Merchant and with assistance from Elizabeth Gemdjian; on IP and data privacy matters by Boston partner Debbie Hinck, with associates Susana Santos and Victoria Allen; on anti‑bribery and anti‑corruption matters by Bay Area partner Scott Joiner, with associate C.J. Rydberg; on environmental matters by Washington, D.C. partner Julia Hatcher and Los Angeles partner Josh Marnitz, with associates Anna Dykema and Phil Goldberg; on RWI insurance matters by Los Angeles partner Harrison White, with associates Amara Banks and Enrique Covarrubias; and on real estate matters by New York counsel Shira Bressler, with associate Brandon Hemans.