---
schema_version: "secwatch.filing_event.v1"
accession: "0000067215-25-000075"
form_type: "8-K"
ticker: "DY"
cik: "0000067215"
company_name: "DYCOM INDUSTRIES INC"
filed_at: "2025-11-19T23:59:59+00:00"
generated_at: "2026-05-16T18:37:50.493055+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Dycom Industries to buy Power Solutions for $1.95B, gains data center electrical contracting

## Summary
- Purchase price $1.95B: ~$293M Dycom stock (1,011,069 shares) + cash; expected close before fiscal year end.
- Power Solutions generates ~$1B revenue (2025E), >$1B backlog, mid-to-high teens adjusted EBITDA margins.
- Deal immediately accretive to adjusted EBITDA margin and adjusted EPS; pro forma net leverage <3.0x at close, expected to de-lever to ~2.0x in 12-18 months.
- Adds 2,800+ skilled employees; Power Solutions retains brand and management in Bowie, MD.
- Committed financing: $1B term loan A, $700M bridge loan, $445M backstop facility from Bank of America and Goldman Sachs.

## SEC filing metadata
- accession: 0000067215-25-000075
- form_type: 8-K
- ticker: DY
- cik: 0000067215
- company_name: DYCOM INDUSTRIES INC
- filed_at: 2025-11-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/67215/000006721525000075/0000067215-25-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/67215/000006721525000075/dy-20251118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000067215-25-000075
- JSON: https://secwatch.observer/filing/0000067215-25-000075.json
- Plain text: https://secwatch.observer/filing/0000067215-25-000075.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.