Investment Summary

Lindsay Goldberg Invests In Pike

On December 21, 2020, private equity firm Lindsay Goldberg invested in construction company Pike from Court Square Capital Partners

Investment Highlights
  • This is Lindsay Goldberg’s 3rd transaction in the Construction sector.
  • This is Lindsay Goldberg’s 37th transaction in the United States.
  • This is Lindsay Goldberg’s 3rd transaction in North Carolina.

Investment Summary

Date 2020-12-21
Target Pike
Sector Construction
Investor(s) Lindsay Goldberg
Sellers(s) Court Square Capital Partners
Deal Type Stake Purchase
Advisor(s) Morgan Stanley (Financial)

Target

Pike

Mount Airy, North Carolina, United States
Pike is a provider of construction, repair and engineering services for distribution and transmission powerlines and substations, with a growing portfolio of turnkey and renewable projects. Pike was founded in 1945 and is based in Mount Airy, North Carolina.

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Investor(S) 1

Investor

Lindsay Goldberg

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lindsay Goldberg is a large private equity firm that targets investments in traditional, basic industries. Lindsay looks to commit $50 to $250 million per transaction in sectors that include basic & commodity manufacturing, financial services, food, and distribution. Lindsay looks to partner with management in pursuing transactions. Lindsay Goldberg was formerly known as Lindsay Goldberg & Bessemer. The Firm was formed in 2001 and is based in New York City.


DEAL STATS #
Overall 48 of 57
Sector (Construction) 3 of 3
Type (Stake Purchase) 2 of 2
State (North Carolina) 3 of 3
Country (United States) 37 of 46
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Refresh Mental Health

Jacksonville Beach, Florida, United States

Refresh Mental Health through its centers provides comprehensive mental health services, while some specialize in eating disorders, substance abuse, Transcranial Magnetic Stimulation (TMS), and neurofeedback services. Refresh invests in clinical professionals. The company not only provides financial backing but also support practices with business and marketing infrastructure. Refresh Mental Health was formed in 2017 and is based in Jacksonville Beach, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Ultra Clean Express Carwash

Las Vegas, Nevada, United States

Ultra Clean Express Carwash is an owner, operator, and developer of express exterior car washes serving the American Southwest. Ultra Clean Express Carwash is based in Las Vegas, Neveda.

Buy -

Seller(S) 1

SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 47 of 56
Sector (Construction) 1 of 1
Type (Stake Purchase) 1 of 1
State (North Carolina) 2 of 2
Country (United States) 44 of 53
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-03 Veregy

Phoenix, Arizona, United States

Veregy is an OEM agnostic energy services company that designs and implements energy-efficient facility improvements primarily for K-12 schools and municipal customers. The Company’s service offerings include energy efficiency solutions, engineering services, design and construction solutions, distributed and renewable energy, smart buildings and system integrations, and ongoing services and maintenance. Veregy was founded in 2019 and is headquartered in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Travel Funders Network

Dallas, Texas, United States

Travel Funders Network is a platform that provides advance funding to select hotels in order to pre-buy inventory with lower rates, higher margins, and last room availability. Travel Funders Network was founded in 2021 and is based in Dallas, Texas.

Buy -