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Dycom Industries has purchased Black & Veatch’s public wireless infrastructure business for $150 million in cash, Dycom CEO Steven Nielsen said during the company’s most recent conference call on Aug. 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 ever, according to Nielsen.
The company was a subsidiary of Raleigh, North Carolina-based construction company Overland Contracting, which in turn is a subsidiary of Overland Park, Kansas-based, employee-owned engineering firm Black & Veatch. It was sold to Norcross, Georgia-based Ansco & Associates, which is owned by Palm Beach Gardens, Florida-based telecommunications infrastructure company Dycom.
“The acquisition strategically strengthens Dycom’s customer base and expands geographic scope to more fully capitalize on growth opportunities in wireless network modernization, including Open RAN transformation initiatives and deployment services,” Dycom said in a press release.
Nielsen said on the conference call that he expects the purchase to contribute $250 million to $275 million in contract revenue in fiscal 2026 and add about $1 billion to the total backlog, which Dycom will report in its next earnings report. He said the backlog “is primarily derived from turf installation agreements in the states listed in the press release as well as construction of new sites.”
Black & Veatch confirmed the news in a short press release.
“Black & Veatch will continue to provide wireline and fiber optic connectivity, private wireless telecommunications networks and network modernization solutions requiring wireless technology as part of its critical infrastructure solutions portfolio,” the company said in a press release.
