Dycom Industries acquires Arguss Communications, Inc.

Dycom Industries acquired Arguss Communications, Inc. for approximately $85.4 million (all stock, ~4.9 million shares), a transaction completed in February 2002, structured as all stock.

Arguss Communications, Inc. operates in Telecommunications/cable infrastructure services, is based in U.S.. Arguss provided infrastructure services to cable and telecommunications companies. Dycom issued about 4,853,031 shares (aggregate ~$85.4 million before transaction costs) for 100% of Arguss's stock and recorded roughly $98.2 million of goodwill; it later paid off about $58.0 million of Arguss bank debt. The deal broadened Dycom's geographic presence within its existing customer base.

Expanded Dycom's geographic reach with its existing cable and telecom customer base.

Advisory firms were not disclosed for this transaction.

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