secwatch.observer — SEC 8-K summary
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Issuer:     DYCOM INDUSTRIES INC (DY)
CIK:        0000067215
Form:       8-K
Filed at:   2025-11-19T23:59:59+00:00
Accession:  0000067215-25-000075
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/67215/000006721525000075/0000067215-25-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/67215/000006721525000075/dy-20251118.htm
  HTML page:      https://secwatch.observer/filing/0000067215-25-000075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer