Dycom Industries acquired Broadband Installation Services (formerly Cable Express) for approximately $55.2 million plus ~$9.2 million assumed capital leases, a transaction completed in September 2006, structured as cash.
Broadband Installation Services (formerly Cable Express) operates in Telecommunications/cable infrastructure services, is based in U.S.. Dycom acquired the outstanding common stock of Broadband Installation Services (formerly Cable Express) in September 2006 for approximately $55.2 million including transaction fees, and assumed about $9.2 million of capital lease obligations. Like Prince, it provided specialty contracting services for leading cable multiple-system operators.
Advisory firms were not disclosed for this transaction.