The Jordan Company’s Acquisition of Sabre Industries, Inc.

Kirkland & Ellis LLP acted as legal advisor to TJC. Houlihan Lokey Capital Inc. and KeyBanc Capital Markets, Inc. acted as financial advisors to Sabre and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as its legal advisor.

The Jordan Company, L.P. (“TJC”) today announced that an affiliate of The Resolute Fund IV, L.P. (“Resolute IV”) has entered into a definitive agreement to acquire Sabre Industries, Inc. (“Sabre” or the “Company”), in partnership with the existing Management team, from Kohlberg Investors VII, a fund managed by Kohlberg & Company, LLC (“Kohlberg”).

Founded in 1977 and headquartered in Alvarado, Texas, Sabre is a market-leading manufacturer of mission-critical products to the utility and telecom markets. The Company’s core offerings include highly-engineered structures and complementary services for the attractive electric transmission and wireless communication end markets, which are driven by the replacement of the aging utility infrastructure and the expansion, modification and densification of existing wireless networks. The Company has approximately 2,400 employees and five state-of-the-art, purpose-built manufacturing facilities that are strategically located throughout the United States.

Led by Chief Executive Officer Jim Ruddy, Sabre’s seasoned management team has over 80 years of combined leadership experience and deep relationships with its blue-chip customer base. TJC’s investment will provide the Sabre management team with significant resources as it continues realizing operational efficiencies and organic growth in the business.

The Kirkland team was led by transactional partners Andrew Arons (Picture) and Michael Weisser and associates Zach Dann and Gisella de la Rocha and foreign associate Jakob Henning Anker Soerensen; tax partner Jared Rusman and associate Tristan Evans-Wilent; and finance partners Jason Serlenga and Kristen Derhaag and associate Michelle Vivian.

The Paul, Weiss team includes corporate partners Angelo Bonvino and Thomas de la Bastide and counsel Nathan Sawyer; tax partner Brad Okun; intellectual property partner Claudine Meredith-Goujon; real estate partner Meredith Kane; employee benefits partner Robert Fleder and counsel Reuven Falik; antitrust counsel Marta Kelly; environmental counsel William O’Brien; and international trade counsel Richard Elliott.

Involved fees earner: Andrew Arons – Kirkland & Ellis; Zach Dann – Kirkland & Ellis; Gisella de la Rocha – Kirkland & Ellis; Kristen Derhaag – Kirkland & Ellis; Tristan Evans-Wilent – Kirkland & Ellis; Jakob Henning Anker Sorensen – Kirkland & Ellis; Jared Rusman – Kirkland & Ellis; Jason Serlenga – Kirkland & Ellis; Michelle Vivian – Kirkland & Ellis; Michael Weisser – Kirkland & Ellis; Angelo Bonvino – Paul Weiss Rifkind Wharton & Garrison; Thomas de la Bastide – Paul Weiss Rifkind Wharton & Garrison; Richard Elliott – Paul Weiss Rifkind Wharton & Garrison; Reuven Falik – Paul Weiss Rifkind Wharton & Garrison; Robert Fleder – Paul Weiss Rifkind Wharton & Garrison; Meredith Kane – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; Brad Okun – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; Nathan Sawyer – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Kirkland & Ellis; Paul Weiss Rifkind Wharton & Garrison;

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

Author: Ambrogio Visconti