Dycom Industries acquired First South Utility Construction, Inc. for approximately $55.7 million (cash plus ~175,840 shares), a transaction completed in November 2003, structured as cash and stock. The deal was a Asset purchase.
First South Utility Construction, Inc. operates in Telecommunications/utility infrastructure services, is based in U.S. (Southeast). Dycom acquired substantially all of First South's assets and assumed certain liabilities in November 2003 for an aggregate ~$55.7 million, including about 175,840 Dycom shares, paid largely from cash on hand. First South provided specialty contracting services to telecommunications customers.
Advisory firms were not disclosed for this transaction.