Sabre completed a strategic business combination. BNP Paribas, SunTrust, Citizens Bank, Partners Group and Metropolitan Life Insurance Company provided Sabre with fully committed credit facilities. PNC Business Credit and Brookside Mezzanine Partners provided debt capital.

The business combination strengthens Sabre’s market-leading position in the transmission and distribution structures sector. FWT will operate as a subsidiary of Sabre and will continue to serve customers from its plants in Fort Worth and Hicksville, Ohio.

“This investment in FWT is a perfect combination with Sabre. It increases our industry-leading capabilities, expands our footprint, and brings FWT’s history of quality and service,” stated Peter J. Sandore, president and CEO of Sabre. “Together, we will be able to better serve our customers in the electricity transmission industry.”

“FWT has a 56-year track record of providing outstanding quality and customer service, and we expect to continue serving our customers in the reliable manner that they deserve,” said Fred Moore, FWT’s CEO.

“Sabre, combined with FWT, is well-positioned to serve growing long-term demand for electricity transmission and distribution structures driven by an aging infrastructure, growth in renewable energy, and increasing demand for electricity,” said Benjamin Mao, partner at Kohlberg.

“FWT’s leadership team achieved a great outcome for all stakeholders during a period of transformational growth,” said Sunny Vanderbeck, managing partner of Satori Capital. “The team opened a new plant, elevated the quality of talent in key leadership positions, implemented lean manufacturing practices, doubled the number of major long-term customer contracts, improved relationships with critical suppliers, created hundreds of jobs, and more than doubled revenue and earnings.”

FWT is a Fort Worth, Texas-based manufacturer of steel structures for the electricity transmission and distribution industry.

Based in Alvarado, TX, Sabre is a producer of highly engineered structures used for electricity transmission and distribution and wireless telecommunication, offering a complete range of engineered towers, poles, and related services. Sabre is a portfolio company of Kohlberg & Company, LLC, and FWT has been a portfolio company of Satori Capital.

Paul, Weiss, Rifkind, Wharton & Garrison acted as legal counsel to Sabre.McGuire Woods acted as legal counsel to FWT. Houlihan Lokey acted as financial advisor to FWT.