Sabre Industries of North Wales withdraws IPO

Sabre Industries, a North Wales, PA, provider of equipment and services to the energy transmission and wireless industries, announced today it was withdrawing its planned IPO, "due to the current pricing environment for initial public offerings". It had planned to go public later this week, selling seven million shares at between $12 and $14 per share.


PE firm Corinthian Capital Group is the majority investor in Sabre Industries, whose primary products are towers and poles for wireless communications an energy transmission. Sabre reported a net loss of $9.6 million on revenues of $264.3 million for the 12 months ended Jan. 31.