Corinthian Capital Group has completed the sale of Sabre Industries, a producer of engineered structures, to Kohlberg & Company. “Sabre is a world-class business and we are proud to have had the opportunity to partner with its management team and invest in the company facilitating its robust growth,” said Peter Van Raalte, Senior Managing Director of Corinthian Capital.
Sabre is a producer of engineered structures – including towers, poles, building systems, and related infrastructure products – for the electric transmission and distribution, wireless communications, renewable energy, and government and defense end markets. Sabre manufactures its products from plants at its headquarters in Alvarado, TX and facilities in Sioux City, IA and Bossier City, LA (www.sabreindustries.com).
Corinthian Capital Group acquired a majority interest in Sabre in April 2007. During the course of ownership Corinthian expanded the company into the utility structures market and completed several add-on acquisitions and plant expansions. Sabre continues to experience rapid growth and is building two new plants to support its record backlog.
“Corinthian Capital was a great partner enabling us to significantly expand our facilities and product offering,” said James Mack, Vice Chairman and former Chief Executive Officer of Sabre. “Through their support, we were able to grow from a dedicated communications tower manufacturing operation in Sioux City, IA to an integrated multi-plant national provider of engineered infrastructure products with facilities in four states.”
Corinthian Capital invests in niche manufacturing, distribution, and service businesses with EBITDAs between $5 million and $30 million located primarily in North America. Corinthian Capital is based in New York with offices located in Chicago and Boston (www.corinthiancap.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 8-30-12
