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Black & Veatch Sells Business to Dycom Industries for $150M

Black & Veatch sold its public carrier wireless telecommunications infrastructure business for $150 million. Photo credit: Shutterstock (THICHA SATAPITANON).

Posted August 23, 2024

Overland Park-based Black & Veatch has sold its public carrier wireless telecommunications infrastructure business for $150 million.

Dycom Industries, Inc., announced it acquired the business in a strategic move to address growth opportunities in wireless network modernization, according to a release. Dycom predicts the company to generate $250 million to $275 million in contract revenues over the fiscal year 2026. 

Black & Veatch’s sold business provides wireless construction services primarily in the states of New York, New Jersey, Missouri, Kansas, Colorado, Utah, Wyoming, Idaho and Montana.

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 a separate release.