Veritas Capital announced an agreement to acquire Saber Power Services, a Houston-based vertically integrated power infrastructure services platform, from Greenbelt Capital Management. Founded in 2010, Saber helps energy, utility, infrastructure and technology customers build, modernize and maintain critical electrical systems.

Today the company's services support critical electrical infrastructure serving 160 million end users in the US and global markets. Key members of Saber's management team will retain a minority stake in the company. The transaction is expected to close in Q4, subject to customary closing conditions, including applicable regulatory approvals.

Chris Murphy, partner at Greenbelt Capital, said: "Together, we have expanded Saber's capabilities, strengthened its market position and built a differentiated platform serving some of the nation's most critical power infrastructure needs." Greenbelt acquired Saber Power in 2023 from Oaktree Capital.

Harris Williams served as financial adviser to Saber Power, with legal adviser Kirkland & Ellis. Gibson, Dunn & Crutcher served as legal adviser to Veritas.