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

TPG Rise Climate Acquires Majority Stake in Aurora Energy Research

June 4, 2025

Data & Analytics

TPG Rise Climate (TPG) has agreed to acquire a majority stake in Aurora Energy Research from CGE Partners, with CGE reinvesting alongside 22C Capital and Aurora management. Aurora — an Oxford-based energy market analytics and software platform serving utilities, governments and investors — will scale its data, analytics and software capabilities globally with TPG’s climate investing resources and 22C’s operational support.

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 Rise Climate Acquires Majority Stake in A-Gas from KKR

August 17, 2023

Environmental Services

TPG Rise Climate, the climate investing strategy of TPG, has agreed to acquire a majority stake in A-Gas, the global refrigerant gas recovery and reclamation specialist. KKR will remain a significant minority shareholder and minority investor LDC will fully exit; the transaction is expected to close by the end of 2023 subject to customary approvals.

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.

TPG Acquires Altus Power for $2.2 Billion

February 6, 2025

Infrastructure

Altus Power, a commercial-scale clean energy provider focused on solar and related infrastructure, agreed to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy in an all-cash deal valued at about $2.2 billion (including outstanding debt). In the merger, Altus Power stockholders receive $5.00 per share. The transaction closed in April 2025 and Altus Power became privately held, with its NYSE listing removed.

TPG Rise Climate Invests $150M in Palmetto

March 6, 2023

Renewable Energy

Palmetto, a technology-enabled residential solar and clean energy platform, raised $150 million from TPG Rise Climate to accelerate expansion of its software, product and operating platform. The investment will support growth of Palmetto's end-to-end residential solar capabilities and TPG Rise Climate's Steven Mandel will join Palmetto's board.