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Dycom Industries has signed a definitive agreement to acquire Power Solutions, a data center electrical contractor, for $1.95 billion. The transaction is expected to close before the end of fiscal year 2025.
Power Solutions Group, part of Sunbelt Solomon, has acquired Industrial Tests, Inc., a provider of electrical testing and maintenance services. Industrial Tests will be integrated into Power Solutions Group over time.
Copley Equity Partners merged Magna IV Engineering and Power Solutions Group to create a leading NETA accredited electrical testing and engineering services provider with 16 offices and 180 technicians. Financial terms were not disclosed.