Dycom Industries purchased Black & Veatch’s public service wi-fi telecommunications infrastructure enterprise for $150 million in money, Dycom CEO Steven Nielsen stated through the firm’s newest earnings name on Aug. 21.
The acquired agency offers wi-fi building companies primarily in New York, New Jersey, Missouri, Kansas, Colorado, Utah, Wyoming, Idaho and Montana and is Dycom’s largest-ever wi-fi companies acquisition, Nielsen stated.
The enterprise was a subsidiary of Raleigh, North Carolina-headquartered building firm Overland Contracting, itself a subsidiary of Overland Park, Kansas-based engineering agency Black & Veatch, which is employee-owned. It was offered to Ansco & Associates of Norcross, Georgia, owned by Palm Seaside Gardens, Florida-based telecommunications infrastructure firm Dycom.
“The acquisition strategically strengthens Dycom’s buyer base and expands geographic scope to extra broadly deal with development alternatives in wi-fi community modernization, together with Open RAN transformation initiatives and deployment companies,” in keeping with Dycom’s information launch.
Nielsen stated on the decision that he expects the acquisition to contribute $250 million to $275 million of contract revenues in fiscal yr 2026, and so as to add roughly $1 billion of complete backlog, which Dycom will replicate in its subsequent earnings report. He stated that backlog “comes primarily from turfing preparations within the states that we’ve listed within the press launch, in addition to new web site builds.”
Black & Veatch confirmed the information in a quick launch.
“Black & Veatch will proceed to take care of wireline and fiber connectivity, personal wi-fi telecom networks and grid modernization options requiring wi-fi expertise, as a part of its vital infrastructure portfolio of options,” in keeping with the corporate’s launch.
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