Pike Expands Power Engineering Capabilities; Purchases UC Synergetic MOUNT AIRY, N.C. – June 27, 2012 – Pike Electric Corporation (NYSE: PIKE), one of the nation's leading energy solutions providers, today announced that it has agreed to purchase Synergetic Design Holdings, Inc. and its wholly owned subsidiary UC Synergetic, Inc., to strengthen its footprint in the Electric Distribution and Communications utility engineering disciplines. "UC Synergetic's engineering capabilities complement our existing portfolio of companies, adding scale and extending our footprint in the Northeast and Midwest. This acquisition significantly increases our ability to provide outsourced engineering and other technical services to our customers and is consistent with our long-term growth strategy. We are very excited to have the talented UC Synergetic team join our growing family of companies as we continue to expand our engineering and construction platform," said J. Eric Pike, Chairman and CEO of Pike. UC Synergetic has major offices in Atlanta, Boston, Columbus, Dallas, Denver, Raleigh and Tampa. For more information, visit www.ucseng.com.