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Dycom Industries bought public carrier Black & Veatch’s wireless telecommunications infrastructure business for $150 million in cash, Dycom CEO Steven Nielsen said during the company’s latest earnings call on August 21.
the acquired company offers wireless construction services primarily in New York, New Jersey, Missouri, Kansas, Colorado, Utah, Wyoming, Idaho and Montana and is Dycom’s largest wireless acquisition, Nielsen said.
The business was a subsidiary of Raleigh, North Carolina-based construction firm Overland Contracting, itself a subsidiary of the employee-owned Overland Park, Kansas-based engineering firm Black & Veatch . It was sold to Ansco & Associates of Norcross, Georgia, which is owned by telecommunications infrastructure company Dycom of Palm Beach Gardens, Florida.
“The acquisition strategically strengthens Dycom’s customer base and expands geographic reach to more broadly address growth opportunities in wireless network modernization, including Open RAN transformation initiatives and services deployment,” according to Dycom’s press release.
Nielsen said on the call that it expects the purchase to add $250 million to $275 million in contract revenue in fiscal 2026 and add approximately $1 billion to the total portfolio, which Dycom will reflect in its next earnings report. He said the backlog “came primarily from turf fixes in the states we listed in the press release, as well as new site construction.”
Black & Veatch confirmed the news in a short statement.
“Black & Veatch will continue to maintain cable and fiber connectivity, private wireless telecommunications networks and network modernization solutions that require wireless technology as part of its portfolio of critical infrastructure solutions,” according to the statement of the company
