Dycom to acquire Power Solutions for $1.95bn.

Dycom, a provider of specialty contracting services, agreed to acquire Power Solutions, an electrical contractor for $1.95bn. “This is a milestone acquisition for Dycom that diversifies our business and significantly enhances our potential to generate long-term growth and value creation. Power Solutions is a recognized leader and positions us to benefit from continued strong demand for digital infrastructure solutions among hyperscalers and other industry participants. Our customers will benefit from our expanded capabilities to support data center development by combining Dycom’s expertise in fiber and Power Solutions’ leadership in electrical, two of the most critical elements in digital infrastructure,” Dan Peyovich, Dycom President and Chief Executive Officer.