Saber Power Services Acquires inoLECT, LLC

Greenbelt Capital Leads Acquisition of Saber Power Services from Oaktree

November 1, 2023

Energy

An investor group led by Greenbelt Capital Management, alongside funds managed by Schroders Capital, StepStone Group and Wafra Inc., has completed the acquisition of Saber Power Services from funds managed by Oaktree Capital Management. Saber’s management will retain a significant stake, and Blackstone Credit provided debt and equity financing to support the transaction; the Houston-area electrical infrastructure services firm will partner with Greenbelt to accelerate growth in grid modernization and energy-transition markets.

Saber Power Services Acquires Bath Group, Inc.

July 13, 2023

Engineering Services

Saber Power Services, LLC acquired Bath Group, Inc., an engineering and consulting firm headquartered in Corpus Christi, Texas. The deal expands Saber's engineering capabilities and Texas Coastal Bend presence, adding coverage in markets including El Paso, Tulsa and Albuquerque while doubling Saber's engineering capacity.

Blackstone to Acquire Sabre Industries from The Jordan Company

April 13, 2021

Manufacturing

Blackstone (via its energy-focused funds, Blackstone Energy Partners) has agreed to acquire Sabre Industries, Inc. from The Jordan Company. Sabre, based in Alvarado, Texas, is a manufacturer of engineered overhead steel poles, towers, battery storage solutions and related services for utility and telecom end markets; it will remain an independent Blackstone portfolio company with management and employees staying in place and investing alongside Blackstone.

Anser Advisory Acquires LaFata Contract Services as IMB Partners Exits

August 22, 2022

Construction

Anser Advisory, a portfolio company of Sterling Investment Partners, has merged with LaFata Contract Services (LCS), a King of Prussia, Pennsylvania-based utility project and construction management firm. As part of the transaction IMB Partners exited its investment in LCS; the combination creates a national utility services platform of roughly 1,100 employees and strengthens Anser's capabilities and geographic presence for grid modernization and clean-energy projects.

Quanta Services Acquires Lee Electrical Construction, LLC

November 16, 2020

Infrastructure

Quanta Services, Inc. acquired Lee Electrical Construction, LLC in August 2020. Lee Electrical Construction, headquartered in Aberdeen, North Carolina, provides power line construction, transmission/substation and storm restoration services to investor-owned utilities, electric cooperatives, municipalities, and industrial customers across the Southeastern and Mid-Atlantic United States; Founders Advisors advised Lee on the sale.

Industrial Growth Partners Acquires SENS

March 10, 2025

Manufacturing

Industrial Growth Partners (IGP) has acquired SENS Holdings, LLC, a Longmont, Colorado-based designer and manufacturer of battery chargers, integrated power systems and battery monitoring solutions. IGP partnered with SENS management and rollover equity to create a platform to accelerate growth, scale operations and expand the company’s presence across critical-infrastructure end markets such as data centers, hospitals and utilities.