M&A Deal Summary

Pike Acquires Shaw Group - Energy Delivery Services

On July 1, 2008, Pike acquired energy services and equipment company Shaw Group - Energy Delivery Services from The Shaw Group

Acquisition Highlights
  • This is Pike’s 1st transaction in the Energy Services and Equipment sector.
  • This is Pike’s 2nd transaction in the United States.
  • This is Pike’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2008-07-01
Target Shaw Group - Energy Delivery Services
Sector Energy Services and Equipment
Buyer(s) Pike
Sellers(s) The Shaw Group
Deal Type Divestiture

Target

Shaw Group - Energy Delivery Services

Charlotte, North Carolina, United States
EDS, a division of Shaw's Power Group, is a provider of engineering, design, procurement and construction management services for T&D power lines and substations.

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Buyer(S) 1

Buyer

Pike

Mount Airy, North Carolina, United States

Category Company
Founded 1945
Sector Construction
Employees5,800
Revenue 918M USD (2013)
DESCRIPTION

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.


DEAL STATS #
Overall 2 of 3
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 2
Country (United States) 2 of 3
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-02 Red Simpson

Alexandria, Louisiana, United States

Red Simpson, Inc. is a provider of power line and fiber optics contracting services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-02 UC Synergetic

Charlotte, North Carolina, United States

UC Synergetic is a national engineering, technical services, and consulting company formed with the merger of Synergetic Design, Inc. and Utility Consultants, Inc. The move created a company uniquely positioned to meet the demands of both the energy delivery and communications sectors in the emerging Smart Grid, and provided our diverse customer base with integrated and innovative solutions. UC Synergetic subsequently acquired PowerComm Engineering, Inc., and further solidified our expertise in these two critical infrastructure industries.

Buy -

Seller(S) 1

SELLER

The Shaw Group

Baton Rouge, Louisiana, United States

Category Company
Founded 1986
Sector Engineering
DESCRIPTION

The Shaw Group, Inc. is a engineering and construction company focused on the energy industry.


DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 2
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2008) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-31 Stone & Webster Process Technology

Baton Rouge, Louisiana, United States

Stone & Webster process technologies and associated oil and gas engineering capabilities acquisition.

Sell -