Lindsay Goldberg has made a majority investment in Pike Corporation. Pike chairman and CEO Eric Pike continues to have a stake in the target.
Power line and substation provider Pike first received investment from Lindsay in 2002. “Given Pike’s deep, long-standing customer relationships, we look forward to building on the company’s tremendous success over the past few years, and continuing to expand its diversified reach and scale,” says Lindsay partner Krishna Agrawal. Lindsay focuses on investing in and growing businesses in industrials, consumer, healthcare and financial, business and government services.
Morgan Stanley is serving as Pike’s financial advisor on this transaction.