M&A · Industrials · Engines & Turbines
Dycom Industries Inc to acquire Power Solutions International, Inc.
Announced Nov 19, 2025 · Closed Dec 23, 2025
Deal value$1.95BEV $1.95B
Premium—To unaffected price
EV / Adj. EBITDA16.8x2.9x EV / Revenue
ConsiderationAll cash
Transaction
- Acquirer
- Dycom Industries Inc (DY)
- Target
- Power Solutions International, Inc. (PSIX)
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- $1.95B
- Status
- Closed Dec 23, 2025
Deal protections
Not yet read from the merger agreement.
Advisors
- To the acquirer
- Goldman Sachs
- To the target
- Not disclosed
Sector context · Industrials
- Comparable deals
- 98 in the prior 24 months
- Premium
- Sector median 38.0%
- EV / Adj. EBITDA
- 16.8x vs. 9.6x sector median
- Break fee
- Sector median 2.5%
Timeline
- AnnouncedNov 19, 2025
- ClosedDec 23, 2025