Dechert Advises Court Square in Going Private Acquisition of Pike Corp.

Dechert LLP advised long-time private equity client Court Square Capital Partners in its “going private” acquisition of Pike Corporation, one of the nation’s largest specialty construction and engineering firms serving the electric power industry.

Court Square Capital Partners acquired Pike Corporation in partnership with J. Eric Pike, the company’s Chairman and Chief Executive Officer. Under the terms of the merger agreement, Pike shareholders received US$12 in cash, without interest and less any applicable withholding taxes, for each share of Pike common stock they held. Trading in Pike's common stock concluded at the end of business on December 22, and the company has commenced the process to delist its common shares from the New York Stock Exchange. The transaction is valued at US$578 million.

Dechert corporate partner Gerrie Sinatra led the team, which included Eric Siegel, Josh Schmidt, Allyson Levy (Corporate); Gary Green, Angelina Liang (Leveraged Finance); Eric Rubin, Andrew Braid, Sarah Rubenfeld (Employee Benefits); Richard Wild, Tyler Ladner (Tax); Jeffrey Rubin, Kate Ericsson (Labor); Abbi Cohen, John Ix (Environment); and Francois Quintard-Morenas (Finance & Real Estate).

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