M&A Deal Summary

Pike Acquires UC Synergetic

On July 2, 2012, Pike acquired engineering company UC Synergetic from Falfurrias Capital Partners

Acquisition Highlights
  • This is Pike’s 2nd transaction in the Engineering sector.
  • This is Pike’s 3rd transaction in the United States.
  • This is Pike’s 2nd transaction in North Carolina.

M&A Deal Summary
Date 2012-07-02
Target UC Synergetic
Sector Engineering
Buyer(s) Pike
Sellers(s) Falfurrias Capital Partners
Deal Type Add-on Acquisition

Target

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.

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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 3 of 3
Sector (Engineering) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (North Carolina) 2 of 2
Country (United States) 3 of 3
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 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.

Buy -

Seller(S) 1

SELLER

Falfurrias Capital Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Falfurrias Capital Partners is a private equity firm that invests in lower and middle-market companies located in the Eastern US. Falfurrias focuses on companies with experienced management teams, differentiated product features, diverse customers, revenues in excess of $10 million, and EBITDA of $5 million to $40 million. The Firm looks to invest at least $25 million per transaction. Specific areas of interest include financial services, consumer products, health care, building products, manufacturing, business services, education, training, infrastructure, and information services. The Firm will consider a variety of transaction types, including buyouts, growth capital financings, recapitalization, and corporate divestitures. Falfurrias Capital Partners was formed in 2006 and based in Charlotte, North Carolina.

DEAL STATS #
Overall 3 of 16
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 1 of 6
State (North Carolina) 3 of 6
Country (United States) 3 of 16
Year (2012) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-10 Commercial Credit Group

Charlotte, North Carolina, United States

Commercial Credit Group (CCG) is a middle-market commercial equipment finance and leasing company serving niche markets. The company's primary areas of focus are the construction, transportation, and waste industries, though transactions for other types of industrial equipment will be considered. CCG's typical transaction ranges from $50,000 to $1,000,000 with terms from 24 to 72 months. CCG specializes in both purchase-money and refinances transactions to customers throughout the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-20 Capital Bank Financial

Charlotte, North Carolina, United States

Capital Bank Financial Corp. is a provider of various commercial and consumer banking, and ancillary financial services.

Sell -
Mergr

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