Dycom to draw on credit facility for $107.5 million asset purchase

By Wendy Van Sickle

Columbus, Ohio, June 2 – Dycom Industries, Inc. plans to draw down on its senior secured credit facility to fund part of its $107.5 million acquisition of assets used in wireless network deployment and wireline businesses from Goodman Networks Inc., according to a press release.

The acquired businesses provide wireless construction services in Texas, Georgia, Southern California and other markets and are expected to produce revenues ranging from $150 million to $165 million over the next 12 months.

Dycom will also use cash on hand in the acquisition, which is expected to close June 30.

The provider of specialty contracting services is based in Palm Beach Gardens, Fla.

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