About This Deal
Dycom Industries acquired Ervin Cable Construction, Inc. for approximately $21.75 million cash plus 258,066 Dycom shares, a transaction completed in March 1999, structured as cash and stock.
Ervin Cable Construction, Inc. operates in Telecommunications infrastructure services, is based in Kentucky, U.S.. Kentucky-based cable construction contractor acquired under a Stock Purchase Agreement dated March 12, 1999. Dycom purchased all outstanding shares; sellers received 258,066 Dycom shares and $21.75 million in cash. Ervin became one of Dycom's larger cable-construction subsidiaries.
Deal Terms
Acquirer
Dycom Industries
Target
Ervin Cable Construction, Inc.
Value
Approximately $21.75 million cash plus 258,066 Dycom shares
Date
March 1999
Type
Full acquisition
Status
Ready
Transaction Details
Target HQ
Kentucky, U.S.
Segment
Telecommunications infrastructure services
Structure
Cash and stock
Closed
March 31, 1999
Advisors
Advisory firms were not disclosed for this transaction.
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Sources:
Press release ↗
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