Falfurrias Reaches Deal to Sell UC Synergetic to Pike Electric
June 29, 2012
Falfurrias Capital Partners has entered into a definitive agreement to sell UC Synergetic, an engineering, consulting and technical services company, to Pike Electric Corporation (NYSE: PIKE) for $70 million. The deal is expected to close in July 2. Since being acquired by Falfurrias in 2007, UC Synergetic has nearly tripled both its base revenue and profitability.