---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-291378"
form_type: "8-K/A"
ticker: "DY"
cik: "0000067215"
company_name: "DYCOM INDUSTRIES INC"
filed_at: "2025-11-21T23:59:59+00:00"
generated_at: "2026-05-16T17:46:30.276377+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Dycom to acquire Power Solutions for $1.95B in cash and stock; debt financing arranged

## Summary
- Base purchase price of $1.95B; consideration includes 1,011,069 Dycom shares (valued at $292.5M) and cash.
- Debt commitments: $1B term loan A facility, $700M bridge loan, and $445M backstop facility from Bank of America and Goldman Sachs.
- Closing subject to HSR clearance, regulatory approvals, and customary conditions; outside date of May 18, 2026.
- Dycom not obligated to close before December 22, 2025; termination rights with specified outside date.

## SEC filing metadata
- accession: 0001193125-25-291378
- form_type: 8-K/A
- ticker: DY
- cik: 0000067215
- company_name: DYCOM INDUSTRIES INC
- filed_at: 2025-11-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.02, 3.01, 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/67215/000119312525291378/0001193125-25-291378-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/67215/000119312525291378/d82388d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-291378
- JSON: https://secwatch.observer/filing/0001193125-25-291378.json
- Plain text: https://secwatch.observer/filing/0001193125-25-291378.txt

## Key facts
- Material Agreements
  DYCOM INDUSTRIES INC entered into Unit Purchase Agreement with Project Eastern Shore, LLC and Power Solutions, LLC valued at $1,950,000,000 (effective 2025-11-18).
  - Action: entry
  - Agreement: merger
  - Counterparty: Project Eastern Shore, LLC and Power Solutions, LLC
  - Value: $1,950,000,000
  - Effective: 2025-11-18
  source text: On November 18, 2025, Dycom Industries, Inc., a Florida corporation (the “ Dycom ”) entered into a Unit Purchase Agreement (the “ Purchase Agreement ”) with Project Eastern Shore, LLC, a Maryland limited liability company (the “ Seller ”), and Power Solutions, LLC, a Maryland limited liability company (“ Company ”), pursuant to which, upon the terms and subject to the conditions set forth therein, Dycom will acquire from the Seller all of the outstanding units of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/67215/000119312525291378/0001193125-25-291378-index.htm

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