Dycom (DY) Industries announced yesterday that it has completed its previously announced acquisition of Power Solutions. The purchase price on a cash-free, debt-free basis was comprised of approximately $1.63B of cash, including an estimated working capital adjustment, and approximately 1.0 million shares of Dycom common stock. Power Solutions will continue to operate under its brand within Dycom. Power Solutions’ management team will remain in place, and the company will maintain its headquarters in Bowie, Maryland.
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