Dycom Completes $1.6 Billion Acquisition of Power Solutions, Adds $1.54 Billion Term Loan
Dycom Industries closed its acquisition of Power Solutions, an electrical contractor serving data centers, on December 23, 2025, paying about $1.6 billion in cash and issuing 1,011,069 shares. The company also amended its credit agreement, raising its term loan and revolver commitments and adding a $600.0 million bridge facility, which increases its debt load. The company says the deal is expected to be accretive to Adjusted EBITDA margin and Adjusted Diluted EPS.
- Cash paid at closing of about $1.6 billion, plus 1,011,069 shares issued to the seller
- Term Loan A increased to $1,540 million from $440 million; Revolving Credit Facility increased to $800.0 million from $650.0 million
- New $600.0 million 364-day senior secured bridge loan facility; maturities extended to December 23, 2030
- Cash consideration remains subject to post-closing adjustments; financial statements and pro forma information to be filed by amendment