Blackstone’s Acquisition of Sabre Industries, Inc.

Vinson & Elkins LLP advised Blackstone on the deal, while Kirkland & Ellis advised The Jordan Company and its portfolio company, Sabre Industries.

Blackstone, the largest global alternative asset manager in the world, announced the acquisition of 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 connectivity.

The V&E corporate team was led by partners Keith Fullenweider (Picture) and Matt Strock and senior associate Mike Marek, with assistance from associates Kelly Reddington, Charlie Fitzpatrick and Josh Blankenship. The V&E finance team was led by partner David Wicklund with assistance from senior associate Caitlin Lawrence and associates Chase Cero and Ariel Guerrero-Stewart. Also advising were counsel Sarah Mitchell; partner John Lynch and senior associate Brian Russell; partner Tom Wilson and senior associate Alex Bluebond; counsel Julia Petty and associate Mary Daniel Morgan; senior associate Ben Cukerbaum and associate Sean Belding; partner Matthew Dobbins and senior associate Rachel Comeskey; partner Prentiss Cutshaw and senior associate Ken Adler; partner Hill Wellford and associate Ryan Will; and partner Matthew Stammel and associate Tom Mitsch.

Kirkland & Ellis advised The Jordan Company and Sabre Industries, with a team led by corporate partners Andrew Arons and Lukas Richards, and also included corporate partner Michael Weisser, debt finance partners Jason Serlenga and Kristen Smith, capital markets partner Luke Jennings, tax partner Jared Rusman, and corporate associates Min Ju Park, Michael Nester and Max Eichner.

Involved fees earner: Andrew Arons – Kirkland & Ellis; Luke Jennings – Kirkland & Ellis; Michael Nester – Kirkland & Ellis; Min Ju Park – Kirkland & Ellis; Lukas Richards – Kirkland & Ellis; Jared Rusman – Kirkland & Ellis; Jason Serlenga – Kirkland & Ellis; Kristen Smith – Kirkland & Ellis; Michael Weisser – Kirkland & Ellis; Kenneth Adler – Vinson & Elkins LLP; Sean Belding – Vinson & Elkins LLP; Joshua A. Blankenship – Vinson & Elkins LLP; Alex Bluebond – Vinson & Elkins LLP; Chase Cero – Vinson & Elkins LLP; Rachel Comeskey – Vinson & Elkins LLP; Benjamin Cukerbaum – Vinson & Elkins LLP; Prentiss Cutshaw – Vinson & Elkins LLP; Matthew Dobbins – Vinson & Elkins LLP; Charles Fitzpatrick – Vinson & Elkins LLP; Keith Fullenweider – Vinson & Elkins LLP; Ariel Guerrero-Stewart – Vinson & Elkins LLP; Caitlin Lawrence – Vinson & Elkins LLP; Michael Marek – Vinson & Elkins LLP; Sarah Mitchell – Vinson & Elkins LLP; Thomas Mitsch – Vinson & Elkins LLP; Mary Daniel Morgan – Vinson & Elkins LLP; Julia Petty – Vinson & Elkins LLP; Kelly Reddington – Vinson & Elkins LLP; Brian Russell – Vinson & Elkins LLP; Matthew Stammel – Vinson & Elkins LLP; Matthew Strock – Vinson & Elkins LLP; Hill Wellford – Vinson & Elkins LLP; David Wicklund – Vinson & Elkins LLP; Ryan Will – Vinson & Elkins LLP; Thomas Wilson – Vinson & Elkins LLP; John Lynch – Wilson Sonsini Goodrich & Rosati;

Law Firms: Kirkland & Ellis; Vinson & Elkins LLP; Wilson Sonsini Goodrich & Rosati;

Clients: Blackstone; Sabre Industries, Inc.; The Jordan Company (TJC);

Author: Martina Bellini