TPG Is Said to Near Deal for Infrastructure Firm Pike Corp.

TPG Inc. is in advanced talks to acquire Pike Corp. in a deal valuing the infrastructure services company at more than $5 billion including debt, according to people familiar with the matter.

A transaction for the majority stake in the privately held company could be announced within days, said the people, who asked not to be identified because the talks are private.

Pike Corp. is backed by private equity firm Lindsay Goldberg.

Those seeking to finance the deal through a unitranche loan include Ares Management Corp., Blackstone Inc. and Apollo Global Management Inc., the people added.

A final ...