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.

Type
Public
HQ
Mount Airy, US
Founded
1945
Size (employees)
5,800 (est)
Pike was founded in 1945 and is headquartered in Mount Airy, US

Pike Office Locations

Pike has office in Mount Airy
Mount Airy, US

Pike Metrics

Pike Financials

Pike's revenue is $810.7 m in FY, 2014
FY, 2014

Revenue

$810.7 m

Gross profit

$103.7 m

EBIT

$30.8 m

Net Income

$13.7 m

Operating cash flow

($1.6 m)

Pike Online Presence

Pike News

Pike Company Life

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