Dycom Industries acquired UtiliQuest Holdings, Corp. for approximately $116.1 million, a transaction completed in December 2003, structured as cash.
UtiliQuest Holdings, Corp. operates in Underground utility locating services, is based in U.S.. UtiliQuest, a provider of underground utility locating services, was acquired in December 2003 for approximately $116.1 million; Dycom initially borrowed $85.0 million under its credit agreement to fund it, then repaid that debt within the same fiscal year. The deal expanded Dycom's locating business, adding roughly 157 master service contracts.
Scaled Dycom's underground utility-locating segment with a large book of master service contracts.
Advisory firms were not disclosed for this transaction.