Blackstone to Acquire Sabre Industries, Inc., a Leading Energy and Telecom Infrastructure Provider
Blackstone Inc. (BX)
Last blackstone inc. earnings: 4/23 06:56 am
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Source: Business Wire
NEW YORK & ALVARADO, Texas--(BUSINESS WIRE)--Today, Blackstone (NYSE: BX) announced that private equity funds affiliated with Blackstone have agreed to acquire Sabre Industries, Inc. (“Sabre”) from The Jordan Company. The acquisition of Sabre continues Blackstone Energy Partners’ focus on investing in companies that support the transition to cleaner, more affordable energy. Based in Alvarado, TX, Sabre is a leading designer and manufacturer of highly-engineered, mission-critical overhead steel poles, towers, battery storage solutions, and related services for electrical utility and telecom end markets. The products and services that Sabre can deliver to its customers are critical to modernizing and strengthening the U.S. electrical transmission and distribution grid, safely and efficiently interconnecting rapidly-growing renewable generation capacity and battery storage facilities, and expanding 4G and 5G wireless telecom infrastructure for enhanced network reliability and connect
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