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Black & Veatch sells public carrier wireless telecommunications infra business in the U.S.
Transactions - AUGUST 22, 2024

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Black & Veatch sells public carrier wireless telecommunications infra business in the U.S.

by Kali Persall

Black & Veatch, a global engineering, procurement, consulting and construction company specializing in infrastructure development, has closed the strategic sale of its public carrier wireless telecommunications infrastructure business to Ansco & Associates, a wholly owned subsidiary of Dycom Industries.

The transaction fetched $150 million, according to Data Centre Dynamics.

According to a statement from Dycom Industries, the acquired business provides wireless construction services primarily in the states of Colorado, Idaho, Kansas, Missouri, Montana, New Jersey, New York, Utah and Wyoming. The acquisition strategically strengthens Dycom’s customer base and expands geographic scope to more broadly address growth opportunities in wireless network modernization, including Open RAN transformation initiatives and deployment services.

For fiscal 2026, the acquired business is expected to contribute $250 million to $275 million of contract revenues

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