Press Release

McGuireWoods Represents Special Committee of Pike Corporation in $595 Million ‘Going Private’ Transaction

August 6, 2014

A Charlotte-based team of McGuireWoods lawyers represented the Special Committee of the Board of Directors of Pike Corporation (NYSE: PIKE), one of the nation’s largest specialty construction and engineering firms in the electric power industry, in connection with Pike’s entry into a merger transaction valued at approximately $595 million. Under the merger agreement, New York private equity firm Court Square Capital Partners and J. Eric Pike, Pike’s chairman and chief executive officer, will acquire Pike in the “going-private” transaction. At the effective time of the merger, each of Pike’s shareholders will receive $12 per share in cash, which represents a premium of approximately 50.8% over Pike’s closing price on Aug. 1, 2014, and a premium of approximately 39.6% over the 30-day volume-weighted average closing prices leading up to that date.

Pike provides engineering, construction and maintenance services for distribution and transmission power lines, substations, Engineering, Procurement and Construction (EPC) projects and renewable energy projects.

The McGuireWoods deal team was led by partners Harrison Marshall and Rakesh Gopalan, with assistance from partners Rick Viola and Peter Covington, associates John Hoke and Curtis Griner and paralegal Cheryl Smith.

CONTACTS

Bob Lewis Senior Manager, Media Relations T: +1 804 775 7883
Leslie A. Valenza Manager, Media Relations T: +1 804 775 7536
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