Saber Power Services, LLC (Saber or the Company), a fully integrated, substation and medium-to-high-voltage infrastructure services platform, announced that an investor group led by Greenbelt Capital Management L.P. (Greenbelt), in partnership with funds managed by Schroders Capital, StepStone Group, and Wafra Inc., has completed their acquisition of the Company from funds managed by Oaktree Capital Management, L.P. Key members of Saber’s management team will continue to own a significant stake in the Company. Greenbelt secured debt and equity financing to support the acquisition from Blackstone Credit.

Latham & Watkins LLP represents Greenbelt in the transaction with a corporate deal team led by Houston partner Justin Stolte and Houston counsel Thomas Verity, with associates Jameson Miller, Grace Kim, Haley Sandoval, and Jack DeMeulenaere. Advice was also provided on tax matters by Houston partner Jared Grimley, with associate Dominick Constantino; on benefits matters by Washington, D.C. partner Adam Kestenbaum and Washington, D.C. counsel Laura Szarmach, with associates Joe Denker and Bryce Williamson; on finance matters by Houston partner Matthew Jones, with associates Chris Wood and Robert Cunningham; on intellectual property matters by Washington, D.C. counsel Kieran Dickinson, with associate Lyle Stewart; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Cody Kermanian; on real estate matters by San Diego partner Robert Frances and San Diego counsel Aaron Friberg, with associate David Rao; on antitrust matters by Washington, D.C. partner Jason Cruise, Frankfurt partner Max Hauser, and Washington, D.C. counsel Peter Todaro, with associates Brian Goodell and Markus Welzenbach; on insurance matters by Los Angeles partner Drew Levin, with associate Hannah Cary; on data privacy matters by Bay Area partner Robert Blamires, with associate Deborah Hinck; on anti-corruption matters by Washington, D.C. partner Erin Brown Jones and Washington, D.C. counsel Andrew Galdes; on government contracts matters by Washington, D.C. partners Kyle Jefcoat and Dean Baxtresser, with associate Walter Perry; and on CFIUS matters by Washington, D.C. partners James Barker and Damara Chambers.