Veritas Capital acquires Saber Power Services
The Houston-based power infrastructure services provider designs, builds and maintains critical electrical systems serving roughly 160 million end users across energy, utility, industrial and technology markets.
Takeaways
- Saber Power Services is a designs, builds, modernizes and maintains critical electrical systems.
- Veritas Capital is acquiring Saber Power Services.
- The target serves energy, utility, industrial and technology sectors across Houston, Texas.
Veritas Capital is forming a new power infrastructure platform with the acquisition of Saber Power Services, a Houston-based company that designs, builds, modernizes and maintains critical electrical systems for energy, utility, industrial and technology customers.
The firm is buying the business from Greenbelt Capital Management, which first invested in 2023 to expand its capabilities.
Veritas sees the investment as a way to tap accelerating U.S. power infrastructure spending fueled by AI, data centers, and electrification, and plans to broaden Saber Power’s national reach and service suite through organic growth and acquisitions.
Harris Williams advised Saber Power and Greenbelt Capital; Gibson, Dunn & Crutcher advised Veritas.
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