Stock, Cash and a Heavy Financing Package Fuel the Deal
Dycom will finance roughly $293 million of the purchase price with company stock, while the remainder will be funded with cash on hand, a committed $1 billion term loan, and an additional $700 million bridge loan.
CEO Dan Peyovich said the combination places Dycom at the heart of the mounting demand for digital-infrastructure buildouts led by hyperscale operators and other major tech clients.
Industry forecasts cited by the company estimate that U.S. data-center capacity will expand 20% to 25% each year through 2030, propelled by artificial intelligence, cloud workflows and escalating power requirements.
Financial Boost and Legal Teams Behind the Transaction
Dycom said the acquisition will be immediately accretive to adjusted EBITDA margins and adjusted diluted EPS, excluding non-cash amortization. Financial advisers were not disclosed.
The Weil team guiding Dycom is led by partner Michael J. Aiello, with support from partner Sachin Kohli. Information on the Miles & Stockbridge deal team was not released.
