TPG to Acquire Majority Stake in Conservice

TPG (TPG Rise Climate) Acquires Majority Stake in Sabre Industries

March 21, 2026

Industrial Services

TPG signed definitive agreements to acquire a majority stake in Sabre Industries, a provider of engineered critical infrastructure solutions for electric transmission, telecom, and data centers. The investment will be made through TPG Rise Climate, while existing investor Blackstone Energy Transition Partners will retain a significant minority stake; terms were not disclosed.

TPG and La Caisse to Acquire Majority Stake in Pike Corporation

November 17, 2025

Industrial Services

TPG Rise Climate and La Caisse have signed a definitive agreement to acquire a majority interest in Pike Corporation, with La Caisse taking a significant minority position. The investment will support Pike’s growth in grid modernization and climate adaptation for U.S. electric utilities.

TPG to Acquire Majority Stake in Elite Legal Tech from Thomson Reuters

April 4, 2023

Legal Services

TPG has signed a definitive agreement to acquire a majority stake in Elite, a provider of financial and practice management solutions for law firms, valuing the business at approximately US$500 million. Thomson Reuters will retain a minority ownership stake and board representation, and the transaction is expected to close in the second quarter of 2023 subject to regulatory approvals and customary closing conditions.

TPG Capital to Acquire Convey Health Solutions in ~$1.1B Deal

June 22, 2022

Healthcare Services

TPG Capital, the private equity platform of TPG, announced it will acquire Convey Health Solutions Holdings in a definitive merger agreement valued at approximately $1.1 billion. Under the terms, TPG Capital will buy all shares not already owned by it or certain management and director shareholders for $10.50 per share in cash, with closing expected in the second half of 2022.

Advent International and TA Associates Make Growth Investment in Conservice

March 16, 2020

Cloud & SaaS

Advent International has made a significant strategic growth investment in Conservice, joining existing investor TA Associates as an institutional shareholder. The capital will support Conservice's product and geographic expansion, continued M&A activity, and ongoing development of its utility management and billing platform while management (including founder David Jenkins) remains an investor.

TPG Acquires Convey Health Solutions from New Mountain Capital

September 5, 2019

Healthcare Services

TPG Capital has acquired Convey Health Solutions, a provider of technology-enabled administrative and advisory services for health plans, from New Mountain Capital. Convey's management and select stakeholders remain invested; financial terms were not disclosed. TPG said the acquisition will support Convey's growth and help TPG build out its healthcare platform.