Dycom Industries bought Black & Veatch’s public carrier wireless telecommunications infrastructure business for $150 million in cash, Dycom CEO Steven Nielsen said during the company’s latest earnings call on Aug. 21.
The acquired firm provides wireless construction services primarily in New York, New Jersey, Missouri, Kansas, Colorado, Utah, Wyoming, Idaho and Montana and is Dycom’s largest-ever wireless services acquisition, Nielsen said.
The business was a subsidiary of Raleigh, North Carolina-headquartered construction company Overland Contracting, itself a subsidiary of Overland Park, Kansas-based engineering firm Black & Veatch, which is employee-owned. It was sold to Ansco & Associates of Norcross, Georgia, 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 broadly address growth opportunities in wireless network modernization, including Open RAN transformation initiatives and deployment services,” according to Dycom’s news release.
Nielsen said on the call that he expects the purchase to contribute $250 million to $275 million of contract revenues in fiscal year 2026, and to add approximately $1 billion of total backlog, which Dycom will reflect in its next earnings report. He said that backlog “comes primarily from turfing arrangements in the states that we’ve listed in the press release, as well as new site builds.”
Black & Veatch confirmed the news in a brief release.
“Black & Veatch will continue to maintain wireline and fiber connectivity, private wireless telecom networks and grid modernization solutions requiring wireless technology, as part of its critical infrastructure portfolio of solutions,” according to the company’s release.