Unlocking Efficient and Resilient Electrical Infrastructure: Saber Power Services Acquired by Greenbelt Capital Partners

In a move that signifies the market-leading position of their business, Saber Power Services, LLC, a fully integrated electrical services firm, has announced its acquisition by Greenbelt Capital Partners. This investor group, led by Greenbelt Capital Management L.P., completed the acquisition from funds managed by Oaktree Capital Management, L.P., with the support of Schroders Capital, StepStone Group, and Wafra Inc.

Saber Power Services, founded in 2010, offers end-to-end design, construction, testing, and maintenance solutions for substations and medium-to-high-voltage infrastructure in various markets such as renewables, battery storage, utilities, industries, and energy infrastructure. The company has earned a reputation for its engineering-led and customer-centric approach to providing critical services. With headquarters in Houston, Saber Power Services serves customers throughout Texas and the Southeast.

The CEO of Saber Power Services, Brian Bratton, expressed his excitement about the acquisition, stating that the investment from Greenbelt Capital Partners reflects the trust their customers have in the quality of their work. Bratton believes that this partnership will unlock more efficient and resilient electrical infrastructure across the country, supporting the ongoing energy transition and electrification of the U.S. economy.

This acquisition positions Saber Power Services to continue its support of the energy transition by facilitating the build-out of renewables and battery resources, while also enabling the electrification of the U.S. economy. The company offers a comprehensive suite of solutions to meet customers' electrification needs and has solidified its position as a leading provider of electrical services in Texas and the Southeastern U.S. market.

Chris Murphy, a Partner at Greenbelt, highlighted the importance of Saber's end-to-end service platform in facilitating the growing penetration of distributed energy resources and addressing the increasing demands of industrial electrification. Greenbelt's history of investing in the new energy economy will accelerate Saber's growth.

The work of Saber Power Services is driven by the expansion and redesign of electrical infrastructure to support the distributed power generation fleet, renewable-paired storage, and grid hardening programs. Aging infrastructure, increasing energy load, and more intense weather patterns create the need for system upgrades. Furthermore, regulatory developments like the Infrastructure Investment and Jobs Act (IIJA) and Inflation Reduction Act (IRA) are pushing for grid modernization.

Sam Graham, Principal at Greenbelt, emphasized the rapid evolution of the energy landscape due to electrification trends in commercial and industrial markets. He stated that Saber's specialized engineering, design, construction, and maintenance services are crucial in adapting to increased grid complexity and meeting the growing demand for power.

The acquisition of Saber Power Services by Greenbelt Capital Partners is seen as a significant move in the energy sector. The partnership between these two entities will contribute to the development of more efficient and resilient electrical infrastructure, supporting the energy transition and facilitating the ongoing electrification of the U.S. economy.