M&A Deal Summary

The Blackstone Group Acquires Sabre Industries

On April 13, 2021, private equity firm The Blackstone Group acquired electrical equipment company Sabre Industries from TJC

Acquisition Highlights
  • This is The Blackstone Group’s 3rd transaction in the Electrical Equipment sector.
  • This is The Blackstone Group’s 173rd transaction in the United States.
  • This is The Blackstone Group’s 30th transaction in Texas.

M&A Deal Summary

Date 2021-04-13
Target Sabre Industries
Sector Electrical Equipment
Buyer(s) The Blackstone Group
Sellers(s) TJC
Deal Type Secondary Buyout
Advisor(s) Goldman Sachs (Financial)
Kirkland & Ellis (Legal)

Target

Sabre Industries

Alvarado, Texas, United States
Sabre Industries is a producer of highly engineered products used for electric transmission and distribution and wireless telecommunications, offering a complete customer solution with a full range of engineered towers, poles, structures, and related services. The Company's vast array of product offerings, services, and extensive manufacturing capabilities has allowed Sabre to develop leading positions with a high-quality, diversified group of customers including the nation's largest utilities and wireless communications firms.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 281 of 336
Sector (Electrical Equipment) 3 of 6
Type (Secondary Buyout) 57 of 80
State (Texas) 30 of 33
Country (United States) 173 of 211
Year (2021) 7 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 AESL

New Delhi, India

AESL is a test preparation company in India, preparing students from grades 8 to 12 to prepare for medical, engineering and other competitive examinations like Olympiads and NTSE. Established in 1988 as Aakash Institute, AESL has a long history. Today, the company has more than 200 centers across 130 cities, employing over 2,200 teachers to help teach more than 250,000 students.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-23 Blue Yonder

Scottsdale, Arizona, United States

Blue Yonder is end-to-end, digital fulfillment platform provider in artificial intelligence and machine learning (AI/ML) driven supply chain and retail solutions for 4,000 of the world’s leading retail, manufacturing and logistics companies. Blue Yonder enables an Autonomous Supply ChainTM by connecting its cognitive SaaS solutions from end-to-end — across planning, execution and delivery — with a broad partner ecosystem, empowering customers to better predict and shape demand, transform their product delivery and deliver outstanding customer experiences. Blue Yonder’s world-class client brands include 75 of the top 100 retailers, 77 of the top 100 consumer goods companies, and 8 of the top 10 global 3PLs. Blue Yonder was founded in 1985 and is based in Scottsdale, Arizona.

Sell $8.5B

Seller(S) 1

SELLER

TJC

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.


DEAL STATS #
Overall 53 of 58
Sector (Electrical Equipment) 2 of 3
Type (Secondary Buyout) 25 of 29
State (Texas) 5 of 6
Country (United States) 51 of 56
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 Innoflight

San Diego, California, United States

Innoflight is a defense contractor that offers software-defined compact/ground radios, cryptographic and cyber secure systems and processing, networking and data storage avionics. Innoflight's competency is secure Command, Control, Communications and Computers (C4) systems designed through innovative implementation of modern Commercial Off-The-Shelf (COTS) technology. The result is modular, high performance, yet low Size Weight and Power (SWaP) systems at competitive prices. Innoflight was founded in 2004 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Spartech

St. Louis, Missouri, United States

Spartech is a producer of plastic products including polymeric compounds, concentrates, custom extruded sheet and roll stock products, and packaging solutions for a wide spectrum of customers. Spartech was founded in 1960 and is based in St. Louis, Missouri.

Buy -