Dycom Industries Acquires Black & Veatch's Wireless Business
Today, Dycom Industries, Inc. (NYSE: DY) announced that it has acquired the wireless telecommunications infrastructure business from Black & Veatch. This strategic acquisition is set to enhance Dycom's customer base and expand its geographic presence, allowing the company to seize growth opportunities in wireless network modernization. This includes initiatives related to Open RAN transformation and deployment services. The newly acquired business is expected to generate between $250 million and $275 million in contract revenues for the fiscal year 2026.
About Dycom Industries, Inc.
Dycom is a prominent provider of specialized contracting services within the telecommunications infrastructure and utility sectors throughout the United States. Their extensive range of services includes program management, planning, engineering and design, as well as aerial, underground, and wireless construction. They also offer maintenance and fulfillment services for telecommunications providers, along with underground facility locating services for various utilities and additional construction and maintenance services for electric and gas utilities.
Strategic Importance of the Acquisition
The acquisition of Black & Veatch’s telecommunications infrastructure business represents a crucial step for Dycom in enhancing its service offerings and improving its competitive position in the market. By integrating this business, Dycom will be in a stronger position to address the increasing demand for advanced wireless services and adapt to the changing needs of its clients in today’s digital landscape.
Company Contact Information
For further inquiries, please reach out to:
Callie Tomasso, Vice President of Investor Relations
Email: investorrelations@dycomind.com
Phone: (561) 627-7171
Frequently Asked Questions
What business did Dycom Industries acquire?
Dycom Industries acquired Black & Veatch’s public carrier wireless telecommunications infrastructure business.
How does this acquisition benefit Dycom Industries?
The acquisition strengthens Dycom's customer base and expands its geographic reach, providing growth opportunities in wireless network modernization.
What is the expected revenue contribution from the acquired business?
The acquired business is expected to contribute between $250 million and $275 million in contract revenues for fiscal 2026.
What services does Dycom Industries provide?
Dycom provides telecommunications infrastructure contracting services, including program management, engineering, construction, and maintenance for telecommunication providers and utilities.
Who can I contact for more information about Dycom?
You can contact Callie Tomasso at investorrelations@dycomind.com or call (561) 627-7171.