Lindsay Goldberg Selling 6.5M Pike Electric Shares
May 16, 2013
Lindsay Goldberg is selling 6.5 million shares in Pike Electric (NYSE: PIKE) in a secondary offering. Concurrently, Pike has entered into a separate agreement with Lindsay Goldberg to repurchase $40 million of its common stock from the private equity firm. Pike Electric is a North Carolina-based energy company that serves investor-owned, municipal and cooperative utilities in the United States. Lindsay Goldberg has been an investor in Pike since 2002, when it bought an 85% interest in the company.