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By Colin Kellaher Blackstone Group Inc. on Tuesday said it agreed to buy energy and telecom infrastructure provider Sabre Industries Inc. from fellow private-equity firm Jordan Co. for an undisclosed amount. Blackstone said the deal is part of a focus on investing in companies that support the transition to cleaner, more affordable energy by Blackstone Energy Partners, its energy-focused private-equity business. Blackstone said Sabre, based in Alvarado, Texas, makes overhead steel poles, towers, battery-storage solutions and related services for electrical utility and telecom end markets. Blackstone said Sabre will continue to operate independently as a portfolio company, adding that Sabre s leadership team and employees plan to invest alongside the firm in the transaction, slated to close in the second quarter.

New yorkUnited statesColin kellaherJordan coKohlberg coBlackstone energy partnersBlackstone group incSabre industries incSabre industriesEnergy partnersDow jonesThe blackstone group inc stock exchangePress releaseBella herOr bxபுதியது யார்க்