Sabre Industries Acquired by Kohlberg & Company
ALVARADO, Texas--(BUSINESS WIRE)--Sabre Industries, Inc. has been acquired by affiliates of Kohlberg & Company, L.L.C., a leading private equity firm based in Mount Kisco, New York.
Sabre is a leading producer of highly-engineered products used for electric transmission and distribution, wireless communications, renewable energy, and government and defense infrastructure. The Company offers a complete customer solution with a full range of engineered towers, poles, and building systems. In addition, Sabre complements its best-in-class products with related service offerings including tower maintenance, repair, modification, decommissioning, antennae replacement and logistics services. The Company’s vast array of product offerings 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.
Peter J. Sandore, President and Chief Executive Officer of Sabre, notes “We are excited to partner with Kohlberg, which shares our commitment to best-in-class product offerings and customer service. Working with Kohlberg, we will be able to strategically grow our business to meet the needs of our customers nationwide.”
Backed by the strength of Kohlberg’s private equity funds, the acquisition is expected to accelerate Sabre’s growth going forward. Benjamin J. Mao, Partner of Kohlberg, said “We are impressed with Sabre’s best-in-class product offerings, engineering expertise and state-of-the-art manufacturing capabilities. We look forward to working closely with the Company to support its continued growth and development.”
Lazard Middle Market LLC acted as financial advisor to Sabre.
About Sabre Industries, Inc.
In business since 1977, Sabre Industries, Inc. (“Sabre”) is a leading producer of utility structures, communication towers, shelters and building systems, and tower accessories. In addition, Sabre provides a full range of services including hot-dip galvanizing, turnkey construction, site development, interior integration, and field maintenance. For further information on Sabre and its various divisions, please visit our web site at: www.SabreIndustries.com.
About Kohlberg & Company, L.L.C.
Kohlberg & Company, L.L.C. (“Kohlberg”) is a leading U.S. private equity firm headquartered in Mount Kisco, New York. Since its inception in 1987, Kohlberg has completed 59 platform investments and more than 100 add-on acquisitions, with an aggregate transaction value of approximately $9 billion. Kohlberg has invested over $3 billion during its history and is currently investing its seventh private equity fund, Kohlberg Investors VII. For more information, visit www.kohlberg.com.