Sabre Industries buys FWT from Satori Capital
FWT will operate as a unit of Sabre and will continue to serve customers from its plants in Fort Worth and Hicksville, Ohio
Based in Alvarado, Texas, Sabre is a producer of structures used for electric transmission and distribution and wireless telecommunication, offering a complete range of engineered towers, poles, and related services. FWT is a Fort Worth, Texas-based manufacturer of steel structures for the electric transmission and distribution industry.
Sabre is a portfolio company of Kohlberg & Co., and FWT has been a portfolio company of Satori Capital.
FWT will operate as a unit of Sabre and will continue to serve customers from its plants in Fort Worth and Hicksville, Ohio.
The business combination increases Kohlberg’s commitment to the transmission and distribution structures industry. FWT has been a Satori Capital portfolio company since 2010.
BNP Paribas, SunTrust, Citizens Bank, Partners Group, and Metropolitan Life Insurance Co. provided Sabre with fully committed credit facilities sufficient to close the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to Sabre. Houlihan Lokey acted as financial advisor to FWT.