Dycom Industries purchased Black & Veatch’s public provider wi-fi telecommunications infrastructure enterprise for $150 million in money, Dycom CEO Steven Nielsen mentioned throughout the firm’s newest earnings name on Aug. 21.
The acquired agency supplies wi-fi development 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 mentioned.
The enterprise was a subsidiary of Raleigh, North Carolina-headquartered development firm Overland Contracting, itself a subsidiary of Overland Park, Kansas-based engineering agency Black & Veatch, which is employee-owned. It was bought to Ansco & Associates of Norcross, Georgia, owned by Palm Seashore Gardens, Florida-based telecommunications infrastructure firm Dycom.
“The acquisition strategically strengthens Dycom’s buyer base and expands geographic scope to extra broadly handle development alternatives in wi-fi community modernization, together with Open RAN transformation initiatives and deployment companies,” in response to Dycom’s information launch.
Nielsen mentioned 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 mentioned that backlog “comes primarily from turfing preparations within the states that we’ve listed within the press launch, in addition to new website builds.”
Black & Veatch confirmed the information in a short launch.
“Black & Veatch will proceed to keep up wireline and fiber connectivity, personal wi-fi telecom networks and grid modernization options requiring wi-fi expertise, as a part of its essential infrastructure portfolio of options,” in response to the corporate’s launch.
