Pike Electric Corp. agrees to buy engineering and design-services company

Pike Electric Corp. said Wednesday that it has agreed to buy Synergetic Design Holdings Inc. and its wholly owned subsidiary UC Synergetic Inc.

Pike, based in Mount Airy, will pay cash in a transaction valued at about $70 million.

UC Synergetic, based in Charlotte, primarily provides engineering and design services for electric utilities. The company also provides engineering and design services for transmission and substation infrastructure and for the communications industry. The company has major offices in Raleigh; Atlanta; Boston; Columbus, Ohio; Dallas; Denver and Tampa, Fla.

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