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Overview
Pike is one of the largest third-party providers of outsourced electric distribution and transmission services in the United States. Their core activities consist of the maintenance, upgrade, and extension of electric distribution and sub-500 kilovolt, or kV, transmission powerlines for more than 150 electric utilities, cooperatives, and municipalities. They service a contiguous 19-state region that stretches from Pennsylvania in the north to Florida in the southeast and to Texas in the southwest.
Historically, their growth has been almost entirely organic, driven by the steady addition of new customers and the further expansion of existing customer relationships. Through their fiscal year ended June 30, 2004, their revenues grew at a ten-year compounded annual growth rate, or CAGR, of 10.6%, almost exclusively on an organic basis. On July 1, 2004, they acquired Red Simpson, which significantly expanded their service territory and operating scale and added multiple long-term customer relationships. For the year ended June 30, 2004, their pro forma revenues, after giving effect to the Red Simpson acquisition, were $552.5 million.
About
Automotive, Electronics, Electrical Distribution
1945
5001-10000
Headquarters locations
Mount Airy, North Carolina, United States, North America
Social
Profile Resume
Pike headquartered in United States, North America, operates in the Automotive, Electronics, Electrical Distribution sector. With a team of 5001-10000 employees, Pike is actively contributing to advancements in Automotive. Their latest funding round, Private Equity Round - Pike, raised $Unknown amount. Discover more about their projects, partnerships, and impact on our platform.
Funding Rounds
1
1
0
$0
Details
1
Pike has raised a total of $0 in funding over 1 rounds.
Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
---|---|---|---|---|
2020 | Private Equity |
Investors
Pike is funded by 2 investors.
Investor Name | Lead Investor | Funding Round | Partners |
---|---|---|---|
Pike | - | FUNDING ROUND - Pike | undefined |
Lindsay Goldberg | - | FUNDING ROUND - Lindsay Goldberg | undefined |
Recent Activity
News
Aug 20, 2024
Inside INdiana Business - Meta inks purchase agreement with developer of Pike County solar farm
News
Jun 12, 2024
PRNewswire - Affiliates of CriticalPoint Complete Sale of United Power Delivery Business Unit to Pike Corporation
News
May 02, 2024
Coin Telegraph - Pike Finance clarifies ‘USDC vulnerability’ statement on $1.6M exploit
News
May 01, 2024
Coin Telegraph - Pike Finance exploited for $1.6M in second incident in 3 days
News
Jan 22, 2024
PERE News - Pike’s Makarora goes for flexibility with fund debut
Funding Round
Dec 21, 2020
Pike raised an undisclosed amount on 2020-12-21 in Private Equity Round