07:54 AM EST, 11/19/2025 (MT Newswires) -- Dycom Industries ( DY ) said Wednesday it has agreed to acquire data center electrical contractor Power Solutions for about $1.95 billion.

The purchase price consists of roughly $293 million payable in Dycom common shares, with the rest payable in cash.

The company expects the deal to be immediately accretive to its adjusted per-share earnings and adjusted EBITDA margin.

Dycom said it expects the deal to close before the end of the fiscal year, following which Power Solutions will continue to operate under its existing brand.

Dycom shares were up 6.7% in recent premarket activity.