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.
Advisory firms were not disclosed for this transaction.