m_and_a
confidence high
sentiment positive
materiality 0.85
Dycom completes ~$1.63B cash plus stock acquisition of Power Solutions for data center growth
DYCOM INDUSTRIES INC
- Acquired Power Solutions, a Mid-Atlantic electrical contractor serving data centers, for ~$1.63B cash plus ~1.0M Dycom shares.
- Transaction expected to be immediately accretive to Adjusted EBITDA margin and Adjusted Diluted EPS, excluding non-cash amortization.
- Amended credit agreement: revolver to $800M, term loan to $1.54B, maturity extended to Dec 2030, and $600M bridge loan facility.
- Power Solutions management remains in place; will continue to operate under its brand from Bowie, Maryland.
- Acquisition financed via term loan and bridge loan proceeds; positions Dycom for accelerated digital infrastructure growth.
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