Milbank LLP represented the financing sources in connection with the financing for energy-focused private equity firm Blackstone Energy Partner’s (“Blackstone”) (NYSE: BX) acquisition of Sabre Industries, Inc. (“Sabre”) from The Jordan Company.
Texas-based Sabre is a market-leading manufacturer of highly-engineered, mission-critical overhead steel poles, towers, battery storage solutions, and related services to the utility and telecom markets. Sabre’s core offerings include utility transmission structures, wireless and small cell towers as well as engineering, design, testing & inspection and other services. The products and services that Sabre can deliver to its customers are critical to modernizing and strengthening the US 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 Milbank team was led by New York-based Global Leveraged Finance partners Marcus Dougherty and Lauren Hanrahan along with associates Morgan Lingar, Joy-Annette Atsegbua and Mitch Cooper.
Milbank also previously advised the financing sources in The Jordan Company’s acquisition of Sabre Industries.
