The shareholders of UC Synergetic retained BlackArch Partners to realize a sale of the company and find a strategic partner that would value company’s high-level engineering and design capabilities.
BlackArch presented the opportunity to a broad range of financial and strategic buyers, using a targeted roadshow process to focus on key potential partners.
BlackArch introduced the opportunity to Pike Electric Corporation (NYSE: PIKE) and positioned UC Synergetic as essential to expanding Pike’s footprint in key markets and its outsourced engineering capabilities. Pike announced its plan to acquire UC Synergetic in June 2012 and closed on the acquisition in July 2012.