TPG and La Caisse have partnered with Pike Corporation to acquire a majority stake, enhancing Pike's capacity to provide innovative energy infrastructure solutions and support U.S. grid modernization.

Information on the Target

Pike Corporation, founded in 1945, stands as a premier provider of turnkey infrastructure engineering and construction solutions for the electrical grid in the United States. The company offers a comprehensive range of services, including construction and engineering for electric distribution, transmission, substations, renewables, distributed energy resources, and telecommunications services. With a workforce of approximately 12,000 employees, Pike serves over 400 customers, thereby playing a pivotal role in building and maintaining critical infrastructure crucial for the energy landscape.

Pike's commitment to safety, integrity, and innovative solutions has been the cornerstone of its operations, enabling it to develop long-term relationships with clients. The leadership team, comprising individuals like J. Eric Pike, the third-generation founder, and CEO James R. Wyche, holds over 200 years of combined experience with the company, ensuring continuity and strategic vision in the face of evolving industry challenges.

Industry Overview in the U.S.

The U.S. energy sector is currently experiencing significant pressures from rising demand, aging infrastructure, and the increasing occurrence of extreme weather events. These factors are prompting utilities to urgently modernize thei