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Technology Alvarado-based manufacturer acquired by management, New York investment firm

Alvarado-based manufacturer acquired by management, New York investment firm

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Alvarado-based Sabre Industries Inc., a manufacturer for mission-critical products for the utility and telecom industries, is being acquired by New York-based The Jordan Company L.P., an affiliate of The Resolute Fund IV L.P., in partnership with the existing management team. They will acquire the manufacturer from current owners, Kohlberg Investors VII, a fund managed by Kohlberg & Company LLC, according to a March 18 news release on the acquisition.

Founded in 1977 Sabre’s core offerings include highly-engineered structures and complementary services for the 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 located throughout the United States.

Led by CEO 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, according to the news release.

“Sabre has a proven track record of providing the high-quality structures and related services that its discerning customers demand. As a result, the Company has seen consistent growth in its base of customers across North America,” said John Straus, partner at TJC. “The Sabre management team has transformed the company into a market leader that is well-positioned to capitalize on the long-term trends underpinning growth in the electric transmission and wireless communication markets. We look forward to partnering with the entire Sabre team to continue building the company’s portfolio of premium products and services.”

“We are thrilled to announce our partnership with TJC as we believe there is a tremendous cultural fit between our organizations. The Sabre team is confident that TJC’s vision for our business, coupled with their significant resources, will help us accelerate the substantial momentum we established with Kohlberg in growing our utility and telecom infrastructure businesses,” said Ruddy. “We look forward to working closely with TJC to achieve our strategic growth plan and to continue supporting our customers with the world-class products, engineering and service capabilities that they have come to expect from Sabre.”

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.

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