Dycom Acquires Data Center Focused Critical Power Firm Power Solutions for $1.95bn

Dycom Industries, a US-based specialty contractor for digital infrastructure, is set to acquire Power Solutions, an electrical contractor serving data centers, for $1.95 billion.

“This is a milestone acquisition for Dycom that diversifies our business and significantly enhances our potential to generate long-term growth and value creation,” said Dycom president and CEO Dan Peyovich. “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.”

The acquisition expands Dycom’s presence in the data center sector, with more than 90 percent of Power Solutions’ revenue derived from data center projects. The agreement will also add Power Solutions' electrical contracting capabilities to Dycom’s portfolio, potentially creating opportunities for integrated service offerings and potential expansion into other high-growth regions.