Dycom Industries, a leading provider of specialty contracting services, has completed the acquisition of Power Solutions, positioning the company for accelerated growth in digital and data center infrastructure services.
The cash-free, debt-free acquisition was valued at approximately $1.63 billion cash and 1.0 million shares of Dycom common stock.
The transaction is expected to be immediately accretive to Dycom's financial metrics and free cash flow, enhancing the company's position in the digital infrastructure industry.
Acquisition Completion
Dycom completed the acquisition of Power Solutions, solidifying its position in the digital infrastructure sector.
Financial Impact
The acquisition is projected to boost Dycom's Adjusted EBITDA margin and improve free cash flow for the combined company.
Credit Agreement Amendment
As part of the transaction, Dycom amended its credit agreement to increase the revolving facility commitments and establish a senior secured bridge loan facility.
- The acquisition of Power Solutions is a strategic move by Dycom to expand its presence in the data center infrastructure services sector.
- The increased credit facilities and amended agreement show Dycom's commitment to financing growth opportunities and optimizing its financial structure.
The completion of the acquisition and the strategic amendments to the credit agreement position Dycom for continued growth and leadership in the digital infrastructure industry.