Veritas Capital takes majority stake in Saber Power Services

Alongside a significant minority equity reinvestment executed by the incumbent executive leadership team, Veritas Capital has officially signed a definitive agreement to acquire Saber Power Services from Greenbelt Capital Partners. Announced in August 2026, this leveraged buyout orchestrates the exit of the historical financial sponsor, which had previously secured control of the infrastructure platform from Oaktree Capital Management in late 2023. The transaction parameters value the acquired entity at an estimated enterprise value of $1–10bn, reflecting a robust multiple applied to a generated annual ebitda of $150–250M. The strategic rationale governing this capital injection centers on capturing the unprecedented surge in domestic power demand triggered by artificial intelligence data center expansions, advanced manufacturing, and comprehensive grid modernization mandates. By absorbing this asset into its flagship equity portfolio, the acquiring sponsor intends to deploy aggressive programmatic capital to fund immediate geographic expansion and pursue targeted add-on acquisitions. Prior to this ownership transfer, the target's capital structure was optimized through a $650 million debt facility provided by Blackstone Credit & Insurance. To navigate the competitive transaction parameters, the exiting shareholder consortium and the target company exclusively mandated Harris Williams to run the financial sale process. The sell-side legal framework was structured by a Kirkland & Ellis advisory team featuring partners Shubi Arora, Jhett R. Nelson, Bo R. Cook, and Lucas E. Spivey. Conversely, the acquiring private equity firm relied on the specialized legal counsel of Gibson, Dunn & Crutcher, led by partners John M. Pollack and Christopher R. Harding, to formalize the regulatory and corporate perimeters. Pending the expiration of standard regulatory waiting periods, the definitive transfer of shares is formally scheduled to conclude during the fourth quarter of 2026.