Lindsay Goldberg’s Acquisition of a Majority Interest in Pike

On December 21, 2020, Pike Corporation (“Pike”), one of the largest providers of infrastructure solutions to utilities in the United States, announced that affiliates of Lindsay Goldberg, a private investment firm, have acquired a majority interest in Pike. In connection with the transaction, Pike will be supported with equity provided by funds managed by Lindsay Goldberg as well as a new incremental term loan B. Cravath is representing Lindsay Goldberg in connection with the transaction.

The Cravath team is led by partner Richard Hall and includes associates Steven Y. Li, Stanley I. Onyeador and Megan M. Ji on M&A matters; partners Tatiana Lapushchik and Michael E. Mariani and associates Janice T.P. Martindale, Melanie R. Cook and Kelly Nichole King on financing matters; partner J. Leonard Teti II and associates Andrew T. Davis and Carlos Nicholas Obando on tax matters; associates Jana I. Hymowitz and Dixing Tang on executive compensation and benefits matters; senior attorney Jesse M. Weiss on antitrust matters; senior attorney Annmarie M. Terraciano on environmental matters; and practice area attorney Brian M. Budnick on real estate matters. Gene Choi also worked on M&A matters and Alexandra J. Valicenti also worked on financing matters.