Dycom Industries Completes Acquisition of Power Solutions

Core Viewpoint - Dycom Industries, Inc. has successfully completed the acquisition of Power Solutions, LLC for approximately $1.63 billion in cash and 1.0 million shares of Dycom common stock, enhancing its position in the digital infrastructure industry [1][2] Group 1: Acquisition Details - The acquisition price was approximately $1.63 billion in cash, including an estimated working capital adjustment, along with 1.0 million shares of Dycom common stock [1] - Power Solutions will continue to operate under its brand, maintaining its headquarters in Bowie, Maryland, with its strong management team remaining in place [2] Group 2: Financial Impact - The transaction is expected to be immediately accretive to Dycom's Adjusted EBITDA margin and Adjusted Diluted Earnings Per Share, excluding non-cash amortization of intangible assets [3] - The acquisition is projected to improve free cash flow for the combined company [3] Group 3: Financing and Credit Agreement - Dycom amended its existing credit agreement to increase revolving facility commitments to $800 million from $650 million and to increase the term loan facility to $1.540 billion from $440 million, extending the maturity to December 2030 [4] - A $600 million senior secured 364-day bridge loan facility was established to refinance outstanding term loans and finance the cash consideration component of the acquisition [4]