On November 17, 2025, TPG and La Caisse, in partnership with Pike Corporation’s management, signed a definitive agreement to acquire a majority interest in the U.S.-based grid infrastructure engineering and construction firm. TPG invested through TPG Rise Climate, with La Caisse taking a significant minority position. Chairman J. Eric Pike and CEO James R. Wyche invested alongside the buyers; Wyche and the existing leadership team continued to lead the company, and Mr. Pike remained on the board.

Terms of the transaction were not disclosed.

Moelis & Company LLC was financial advisor and Ropes & Gray LLP was financing counsel to TPG; Simpson Thacher & Bartlett LLP was legal counsel to TPG; A&O Shearman was legal advisor to La Caisse; Morgan Stanley & Co. LLC was financial advisor to Pike; Kirkland & Ellis LLP was legal counsel to Pike.