Shearman & Sterling is advising Dycom Industries, Inc. on its definitive agreement to acquire substantially all of Quanta Services, Inc.’s domestic telecommunications infrastructure services subsidiaries for approximately $275 million in cash. Subject to customary closing conditions, the acquisition is expected to be completed by December 31, 2012.
The acquired subsidiaries provide specialty contracting services, including engineering, construction, maintenance and installation services to telecommunications providers, and other construction and maintenance services to electric and gas utilities and others. Principal business facilities are located in Arizona, California, Florida, Georgia, Minnesota, New York, Pennsylvania and Washington.
Dycom is a leading provider of specialty contracting services. These services, which are provided throughout the United States and in Canada, include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric and gas utilities and others.
The Shearman & Sterling team included partners Stephen Besen (New York-Mergers & Acquisitions), John Cannon (New York-Executive Compensation & Employee Benefits), and Don J. Lonczak (Washington, DC-Tax) and associates Jordan Altman (New York-Intellectual Property Transactions), Diana Berisha (New York-Corporate), Michael Dockery (New York-Mergers & Acquisitions), Richard Fischetti (New York-Mergers & Acquisitions), Brittany Jackson (New York-Corporate), Alykhan Kurji (New York-Intellectual Property Transactions), Grace Lee (New York-Mergers & Acquisitions), Jennifer Stadler (New York-Executive Compensation & Employee Benefits), Molly Stark (New York-Executive Compensation & Employee Benefits) and Nathan Tasso (Washington, DC-Tax).
