Veritas Capital to acquire Saber Power Services
What's the deal? Veritas CapitalDealroom has a profile for this one. Try Dealroom → has agreed to acquire Saber Power ServicesDealroom has a profile for this one. Try Dealroom →, a Houston-based provider of mission-critical power infrastructure services, from Greenbelt Capital ManagementDealroom has a profile for this one. Try Dealroom →. Saber's management team will keep a significant minority stake and continue to run the company. Financial terms were not disclosed.
What's the endgame? Founded in 2010, Saber builds, modernises and maintains critical electrical systems for energy, industrial, utility and technology customers. Its solutions support infrastructure serving 160 million end users in the US and internationally.
Why now? Saber sits at the centre of what it calls a "historic buildout" of electrical infrastructure, driven by rising power demand from AI and data centre expansion, advanced manufacturing, renewables, battery storage and grid hardening.
VeritasDealroom has a profile for this one. Try Dealroom →, an investor focused on the intersection of technology and government, plans to expand Saber's national footprint and grow both organically and through acquisitions. "Reliable, resilient power infrastructure is a national priority," said Daniel Sugar, partner and co-head of flagship private equity at Veritas.
GreenbeltDealroom has a profile for this one. Try Dealroom → has backed Saber since its initial investment in 2023. The transaction validates the strategic value created by Saber's leadership team.
The deal is expected to close in the fourth quarter of 2026, subject to regulatory approvals. Harris WilliamsDealroom has a profile for this one. Try Dealroom → advised Saber and Greenbelt.
The signal: Power infrastructure has become a magnet for private capital as AI-driven electricity demand strains the US grid. Veritas's bet places it among investors racing to own the services companies wiring the buildout.
Read more: Morningstar
Image credit: Western Area Power Admin
