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AI brief of an SEC Form 8-K · Dycom Industries (DY)

Dycom to buy Power Solutions for $1.95 billion in stock and cash

Neutral Impact 4 of 5 m&a Written later

Dycom Industries agreed on November 18, 2025 to acquire Power Solutions, LLC from Project Eastern Shore, LLC for a base price of $1.95 billion, subject to post-closing adjustments. The stock portion is 1,011,069 Dycom shares valued at $292.5 million, and the rest is paid in cash, backed by new debt commitments. Shareholders should note the new share issuance and the added borrowing, and that closing depends on regulatory waiting periods and other conditions.

Key points

  • Base price of $1.95 billion, with stock of 1,011,069 shares valued at $292,500,000 and the remainder in cash
  • Debt commitments include a $1,000 million term loan A, a $700 million 364-day bridge loan and a $445 million term loan A backstop
  • Closing is not required before December 22, 2025, and the agreement has an outside date of May 18, 2026
  • Closing is subject to Hart-Scott-Rodino waiting period expiration and other customary conditions

The filing

CompanyDycom Industries (DY)
Form8-K, current report
Filed with the SECNov 19, 2025, 7:04 AM ET
Accession number0000067215-25-000075

Items reported: 1.01 Material Definitive Agreement3.01 Delisting / Listing Rule Notice7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 19, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.