Dycom Announces Acquisition of Bigham Cable Construction, Inc.
August 23 2023 - 6:15AM
Dycom Industries, Inc. (NYSE: DY) today announced that it has
acquired Bigham Cable Construction, Inc. Bigham provides
telecommunications construction services in the southeastern United
States and generated approximately $140 million of revenue over the
last twelve months. The acquisition strengthens Dycom’s customer
base and geographic scope and expands its ability to further
address growth opportunities in rural broadband deployments.
About Dycom Industries, Inc.
Dycom is a leading provider of specialty contracting services to
the telecommunications infrastructure and utility industries
throughout the United States. These services include program
management; planning; engineering and design; aerial, underground,
and wireless construction; maintenance; and fulfillment services
for telecommunications providers. Additionally, Dycom provides
underground facility locating services for various utilities,
including telecommunications providers, and other construction and
maintenance services for electric and gas utilities.
Forward Looking Information
This press release contains forward-looking statements as
contemplated by the 1995 Private Securities Litigation Reform Act.
These statements include expectations regarding an acquisition,
including expected benefits of the transaction, future financial
and operating results, future opportunities for the combined
businesses and other statements regarding events or developments
that the parties believe or anticipate will or may occur in the
future. Forward-looking statements are based on management’s
expectations, estimates and projections, are made solely as of the
date these statements are made, and are subject to both known and
unknown risks and uncertainties that may cause the actual results
and occurrences discussed in these forward-looking statements to
differ materially from those referenced or implied in the
forward-looking statements contained in this press release. The
most significant of these known risks and uncertainties are
described in the Company’s Form 10-K, Form 10-Q, and Form 8-K
reports (including all amendments to those reports) and include
future economic conditions and trends including the potential
impacts of an inflationary economic environment, changes to
customer capital budgets and spending priorities, the availability
and cost of materials, equipment and labor necessary to perform our
work, the adequacy of the Company’s insurance and other reserves
and allowances for doubtful accounts, whether the carrying value of
the Company’s assets may be impaired, the future impact of any
acquisitions or dispositions, adjustments and cancellations of the
Company’s projects, the impact to the Company’s backlog from
project cancellations or postponements, the impacts of pandemics
and public health emergencies, the impact of varying climate and
weather conditions, the anticipated outcome of other contingent
events, including litigation or regulatory actions involving the
Company, the adequacy of our liquidity, the availability of
financing to address our financials needs, the Company’s ability to
generate sufficient cash to service its indebtedness, the impact of
restrictions imposed by the Company’s credit agreement, and other
risks and uncertainties detailed from time to time in the Company’s
filings with the Securities and Exchange Commission. The Company
does not undertake any obligation to update its forward-looking
statements.
For more information, contact:Callie Tomasso,
Investor RelationsEmail: investorrelations@dycomind.comPhone: (561)
627-7171
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