TPG shares rise 5.32% intraday after announcing majority stake acquisition in Sabre Industries from Blackstone.

TPG surged 5.32% intraday following the announcement of acquiring a majority stake in Sabre Industries from Blackstone Energy Transition Partners. The transaction, facilitated through TPG Rise Climate, its climate investing platform, aims to bolster Sabre’s growth in engineered infrastructure solutions for power utilities, telecom, and data centers. Blackstone retains a significant minority stake, ensuring continuity in its partnership. Sabre, a leader in grid modernization and digital infrastructure, operates 2.3 million square feet of domestic manufacturing space and serves key clients in critical infrastructure sectors. The deal, expected to close by Q2 2026, aligns with TPG’s strategic focus on climate-related investments and electrification trends. The move signals confidence in Sabre’s role in addressing rising electricity demand and grid resilience amid evolving energy needs.