Dycom Industries, Inc. Acquires Black & Veatch's Public Carrier Wireless Telecommunications Infrastructure Business
Dycom Industries, Inc. (NYSE: DY) has announced the acquisition of Black & Veatch's public carrier wireless telecommunications infrastructure business. This strategic move strengthens Dycom's customer base and expands its geographic reach, positioning the company to better capitalize on growth opportunities in wireless network modernization, including Open RAN transformation initiatives. The acquired business primarily operates in nine states across the Northeast, Midwest, and Western United States.
The acquisition is expected to make a significant financial impact, with projected contract revenues of $250 million to $275 million for fiscal 2026. This move aligns with Dycom's focus on enhancing its capabilities in wireless construction services and broadening its market presence in the rapidly evolving telecommunications infrastructure sector.
Dycom Industries, Inc. (NYSE: DY) ha annunciato l'acquisizione dell'attività di infrastrutture di telecomunicazioni wireless per carrier pubblici di Black & Veatch. Questa mossa strategica rafforza la base clienti di Dycom ed espande la sua portata geografica, posizionando l'azienda per capitalizzare meglio le opportunità di crescita nella modernizzazione delle reti wireless, comprese le iniziative di trasformazione Open RAN. L'attività acquisita opera principalmente in nove stati nel Nord-Est, nel Midwest e negli Stati Uniti occidentali.
Si prevede che l'acquisizione avrà un impatto finanziario significativo, con ricavi contrattuali previsti tra $250 milioni e $275 milioni per l'esercizio fiscale 2026. Questa mossa è in linea con l'obiettivo di Dycom di migliorare le proprie capacità nei servizi di costruzione wireless e ampliare la propria presenza sul mercato nel settore delle infrastrutture di telecomunicazione in rapida evoluzione.
Dycom Industries, Inc. (NYSE: DY) ha anunciado la adquisición del negocio de infraestructuras de telecomunicaciones inalámbricas para transportistas públicos de Black & Veatch. Este movimiento estratégico fortalece la base de clientes de Dycom y amplía su alcance geográfico, posicionando a la empresa para capitalizar mejor las oportunidades de crecimiento en la modernización de redes inalámbricas, incluidas las iniciativas de transformación de Open RAN. El negocio adquirido opera principalmente en nueve estados del noreste, medio oeste y oeste de los Estados Unidos.
Se espera que la adquisición tenga un impacto financiero significativo, con ingresos por contratos proyectados entre $250 millones y $275 millones para el año fiscal 2026. Este movimiento se alinea con el enfoque de Dycom en mejorar sus capacidades en servicios de construcción inalámbrica y ampliar su presencia en el mercado en el sector de infraestructuras de telecomunicaciones en rápida evolución.
Dycom Industries, Inc. (NYSE: DY)는 Black & Veatch의 공공 통신사 무선 통신 인프라 사업을 인수한다고 발표했습니다. 이 전략적 조치는 Dycom의 고객 기반을 강화하고 지리적 범위를 확장하여 회사가 무선 네트워크 현대화의 성장 기회를 더 잘 활용할 수 있도록 합니다. 여기에는 Open RAN 전환 이니셔티브가 포함됩니다. 인수된 사업은 주로 북동부, 중서부 및 서부 미국의 9개 주에서 운영됩니다.
인수로 인해 상당한 재정적 영향이 있을 것으로 예상되며, 2026 회계연도에 대한 계약 수익이 $250백만에서 $275백만에 이를 것으로 보입니다. 이번 조치는 무선 건설 서비스의 능력을 강화하고 빠르게 진화하는 통신 인프라 분야에서 시장 존재감을 확장하려는 Dycom의 목표와 일치합니다.
Dycom Industries, Inc. (NYSE: DY) a annoncé l'acquisition de l'activité d'infrastructure de télécommunications sans fil pour transporteurs publics de Black & Veatch. Ce mouvement stratégique renforce la base de clients de Dycom et élargit sa portée géographique, positionnant l'entreprise pour tirer pleinement parti des opportunités de croissance dans la modernisation des réseaux sans fil, y compris les initiatives de transformation Open RAN. L'activité acquise opère principalement dans neuf États du nord-est, du Midwest et de l'ouest des États-Unis.
L'acquisition devrait avoir un impact financier significatif, avec des revenus contractuels prévus de 250 millions à 275 millions de dollars pour l'exercice fiscal 2026. Ce mouvement est en accord avec l'objectif de Dycom d'améliorer ses capacités en matière de services de construction sans fil et d'élargir sa présence sur le marché dans le secteur des infrastructures de télécommunications en rapide évolution.
Dycom Industries, Inc. (NYSE: DY) hat die Übernahme des öffentlichen Carrier-Drahtlos-Telekommunikationsinfrastrukturgeschäfts von Black & Veatch angekündigt. Dieser strategische Schritt stärkt die Kundenbasis von Dycom und erweitert die geografische Reichweite, wodurch das Unternehmen besser in der Lage ist, von Wachstumschancen in der Modernisierung von drahtlosen Netzwerken zu profitieren, einschließlich Open RAN-Transformationsinitiativen. Das übernommene Geschäft ist hauptsächlich in neun Bundesstaaten im Nordosten, Mittleren Westen und Westen der USA tätig.
Die Übernahme wird voraussichtlich einen erheblichen finanziellen Einfluss haben, mit prognostizierten Vertragsumsätzen von 250 Millionen bis 275 Millionen US-Dollar für das Geschäftsjahr 2026. Dieser Schritt steht im Einklang mit Dycoms Fokus auf die Verbesserung seiner Fähigkeiten im Bereich drahtloser Bauleistungen und der Erweiterung seiner Marktpräsenz im sich schnell entwickelnden Telekommunikationsinfrastruktursektor.
- Expansion of geographic scope to nine new states
- Strengthening of customer base in wireless telecommunications
- Expected contribution of $250-$275 million in contract revenues for fiscal 2026
- Enhanced positioning for growth in wireless network modernization and Open RAN initiatives
- None.
Insights
This acquisition marks a significant strategic move for Dycom Industries, bolstering its position in the wireless telecommunications infrastructure sector. The expected revenue contribution of
The expanded geographic footprint across nine states provides Dycom with increased diversification and growth potential, particularly in the rapidly evolving Open RAN market. This move aligns well with industry trends towards network modernization and 5G expansion, potentially positioning Dycom for long-term growth in a high-demand sector.
Investors should monitor integration costs and potential synergies, as these will impact the acquisition's overall value creation. The deal's success will hinge on Dycom's ability to leverage Black & Veatch's existing customer relationships and efficiently scale operations across the new territories.
Dycom's acquisition is strategically aligned with the telecom industry's shift towards Open RAN (O-RAN) architecture. This move positions the company to capitalize on the growing demand for flexible, interoperable network solutions. O-RAN's promise of reduced costs and increased efficiency for carriers could drive significant infrastructure upgrades, benefiting service providers like Dycom.
The expansion into new states also coincides with the ongoing 5G rollout and network densification efforts. As carriers push to enhance coverage and capacity, Dycom's enlarged footprint could prove important in securing contracts for small cell deployments and macro site upgrades. The company's enhanced capabilities in wireless construction services position it well to address the complex technical challenges of modern network deployments.
This acquisition reflects the growing consolidation trend in the telecom infrastructure sector, as companies seek to scale up to meet the demands of 5G and beyond. Dycom's move strengthens its competitive position against other major players in the field, potentially improving its bargaining power with both customers and suppliers.
The deal's focus on wireless infrastructure aligns with projected market growth, with the global telecom tower market expected to expand at a CAGR of
Investors should watch for potential shifts in Dycom's customer concentration and contract backlog following this acquisition, as these metrics will provide insights into the company's future revenue stability and growth prospects.
PALM BEACH GARDENS, Fla., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) today announced that the Company acquired Black & Veatch’s public carrier wireless telecommunications infrastructure business. The acquired business provides wireless construction services primarily in the states of New York, New Jersey, Missouri, Kansas, Colorado, Utah, Wyoming, Idaho and Montana. The acquisition strategically strengthens Dycom’s customer base and expands geographic scope to more broadly address growth opportunities in wireless network modernization, including Open RAN transformation initiatives, and deployment services. For fiscal 2026, the acquired business is expected to contribute
About Dycom Industries, Inc.
Dycom is a leading provider of specialty contracting services to the telecommunications infrastructure and utility industries throughout the United States. These services include program management; planning; engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services for telecommunications providers. Additionally, Dycom provides underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.
Forward Looking Information
This press release contains forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act. These statements include expectations regarding our acquisition of a wireless construction services business, including expected benefits of the acquisition, future financial and operating results of the business, future opportunities related to the acquired businesses and other statements regarding events or developments that we believe or anticipate will or may occur in the future. Forward-looking statements are based on management’s expectations, estimates and projections, are made solely as of the date these statements are made, and are subject to both known and unknown risks and uncertainties that may cause the actual results and occurrences discussed in these forward-looking statements to differ materially from those referenced or implied in the forward-looking statements contained in this press release. The most significant of these known risks and uncertainties are described in the Company’s Form 10-K, Form 10-Q, and Form 8-K reports (including all amendments to those reports) and include future economic conditions and trends including the potential impacts of an inflationary economic environment, changes to customer capital budgets and spending priorities, the availability and cost of materials, equipment and labor necessary to perform our work, the adequacy of the Company’s insurance and other reserves and allowances for doubtful accounts, whether the carrying value of the Company’s assets may be impaired, the future impact of any acquisitions or dispositions, adjustments and cancellations of the Company’s projects, the impact to the Company’s backlog from project cancellations or postponements, the impacts of pandemics and public health emergencies, the impact of varying climate and weather conditions, the anticipated outcome of other contingent events, including litigation or regulatory actions involving the Company, the adequacy of our liquidity, the availability of financing to address our financials needs, the Company’s ability to generate sufficient cash to service its indebtedness, the impact of restrictions imposed by the Company’s credit agreement, and other risks and uncertainties detailed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update its forward-looking statements.
For more information, contact:
Callie Tomasso, Vice President Investor Relations
Email: investorrelations@dycomind.com
Phone: (561) 627-7171
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