<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549


                                  ----------



                                   FORM 8-K

                                CURRENT REPORT

                    PURSUANT TO SECTION 13 OR 15(d) of the
                        SECURITIES EXCHANGE ACT OF 1934





Date of earliest event reported:  December 20, 1996





                           Able Telcom Holding Corp.
              (Exact name of registrant as specified in charter)



        Florida                     0-21986                  65-0013218
(State or other jurisdiction      (Commission               (IRS employer
    of incorporation)            file number)            identification no.)



1601 Forum Place, Suite 1110, West Palm Beach, Florida          33401
(Address of principal executive offices)                     (Zip code)




Registrant's telephone number, including area code:  (561) 688-0400







<PAGE>



Item 5. Other Events.

      On December 20, 1996,  in a private  placement  transaction  (the "Private
Placement") exempt from registration  pursuant to Section 4(2) of the Securities
Act of 1933,  as amended  (the  "Act"),  the  Registrant  sold to each of Credit
Suisse  First  Boston  Corporation  and  Silverton  International  Fund  Limited
(collectively, the "Purchasers") 500 shares (the "Series A Preferred Shares") of
its Series A  Preferred  Stock,  par value  $.10 per  share,  and issued to each
purchaser a contingent warrant (the "Warrant") to purchase 100,000 shares of the
Registrant's  common  stock,  par value $.001 per share  ("Common  Stock").  The
Purchasers each paid the Registrant $3,000,000 for the Series A Preferred Shares
and the  Warrant.  The Private  Placement  was  effected  pursuant to a Series A
Preferred Stock  Agreement by and among the Purchasers and the Registrant  dated
December 20, 1996 (the "Agreement").  Pursuant to the Agreement,  so long as the
Series A Preferred Shares are issued and outstanding, if the Registrant conducts
a private offering of any equity  securities,  each of the Purchasers that holds
Series A Preferred  Shares has a right of first  refusal to purchase all of such
equity  securities  for cash at an amount  equal to the  price  for  which  such
securities are proposed to be sold. The Warrants are  exercisable  one year from
the effective date of the Private Placement provided that the Series A Preferred
Stock is not  converted  to Common Stock prior to the first  anniversary  of the
Private Placement.

      In connection  with the  Agreement,  on December 20, 1996,  the Registrant
filed  Articles of Amendment (the  "Articles") to its Articles of  Incorporation
designating the Series A Preferred Stock.  Pursuant to the Articles,  cumulative
dividends on the Series A Preferred Shares accrue at an annual rate of 5% of the
"Liquidation Preference" (as defined below) and are payable quarterly in arrears
in cash or through a dividend of additional  shares of Series A Preferred Stock,
at the option of the Registrant.  In the event of a liquidation,  dissolution or
winding  up of the  Registrant,  the  holders  of Series A  Preferred  Stock are
entitled to receive a preferential  distribution of the assets of the Registrant
equal to  $6,000.00  per share of Series A  Preferred  Stock  (the  "Liquidation
Preference").

      Holders of Series A Preferred Stock have the right to convert their shares
at any time  after  April 30,  1997 into  shares  of Common  Stock  ("Conversion
Shares").  The number of  Conversion  Shares is to be determined by dividing the
Liquidation  Preference  per  share  by the  lesser  of (i)  $9.82  (the  "Fixed
Conversion Price") or (ii) by application of an applicable  percentage  discount
(ranging from 10% to 20% depending on the date of the conversion  notice) to the
average  closing bid price of a share of Common Stock for the three trading days
immediately   preceding  the  date  of  the  conversion  notice  (the  "Floating
Conversion  Price").  The lesser of the Fixed  Conversion  Price or the Floating
Conversion Price is hereinafter referred to as the "Conversion Factor."

      Upon the  occurrence  of  certain  enumerated  events in the  Articles  (a
"Redemption  Event"),  holders  of shares of Series A  Preferred  Stock have the
right to sell such holder's shares of Series A Preferred Stock to the Registrant
at a price  equal to the  Liquidation  Preference  (plus any  accrued and unpaid
dividends  or  distributions  thereon)  for each share being  redeemed  plus the
product of the number of shares of Common  Stock into which such shares are then
convertible  multiplied  by an amount  equal to the  difference  between (i) the
average closing bid price of Common Stock for the three trading days immediately
following the date of the redemption notice and (ii) the Conversion Factor.

      At any time after  December  20, 1997 and  provided  that there  exists an
effective  registration statement covering the Conversion Shares, the Registrant
has the  right to redeem  all of the  outstanding  shares of Series A  Preferred
Stock at a purchase price equal to the Liquidation  Preference (plus any accrued
and unpaid dividends or  distributions  thereon) if the closing bid price of the
Common Stock for each of five consecutive  trading days prior to the date of the
redemption  notice is at or greater than 150% of the Fixed  Conversion Price (as
adjusted  pursuant to the Articles).  The Registrant  also has a right to redeem
shares of Series A Preferred  Stock, if the closing bid price of Common Stock is
less than $4.50 per share for five  consecutive  trading days and the Registrant
receives a conversion  notice within three days thereafter,  at a price equal to
the difference between (i) the average closing bid price of Common Stock for the
three trading days immediately  following the date of the redemption  notice and
(ii) the Conversion Factor.

      Provided  that the  purchasers  have not  converted the Series A Preferred
Stock to Common Stock, the Warrants are exercisable after December 20, 1997 at a
purchase price per share equal to $9.82;  provided,  however,  if there does not
exist an effective  registration statement covering the shares issuable upon the
exercise of the Warrants, the Purchasers may exercise the Warrant in whole or in
part in exchange  for the number of shares of Common  Stock equal to the product
of (i) the  number  of  shares  as to  which  the  Warrant  is  being  exercised
multiplied by (ii) a fraction, the

                                      2

<PAGE>



numerator of which is the "Market Price" (as defined in the Warrant) less $9.82,
and the denominator of which is the Market Price.  The number of shares issuable
upon  exercise of the Warrant  will be reduced by 200 for each share of Series A
Preferred  Stock  that such  holder was issued in  connection  with the  Private
Placement that is converted into Common Stock prior to the first  anniversary of
the Private  Placement.  If the  Registrant  delivers a  redemption  notice with
respect to the Series A  Preferred  Stock,  the  Registrant  shall also  deliver
notice to the holders of the Warrants stating that such holders have ninety (90)
days to exercise  the Warrant at a purchase  price equal to $9.82 per share,  or
the  Registrant  will  redeem the Warrant  with  respect to any shares of Common
Stock issuable upon exercise of the Warrant  ("Warrant Stock") not so converted,
at a price equal to $.01 per underlying  share of Warrant Stock.  The Registrant
may then redeem the Warrant  with  respect to any portion  thereof  that has not
been converted into shares of Warrant Stock.

      In  connection  with  the  sale of the  Series  A  Preferred  Shares,  the
Purchasers and the Registrant entered into a Registration Rights Agreement dated
December 20, 1996. Pursuant to the Registration Rights Agreement, the Registrant
has agreed to file a  registration  statement  with the  Securities and Exchange
Commission  (the  "Commission")  relating to (i) the Conversion  Shares and (ii)
shares of Common Stock issuable upon exercise of the Warrants (collectively, the
"Registrable  Shares"),  and has  agreed to use its best  efforts  to cause such
registration  statement to be declared  effective by the Commission on or before
ninety days after the date on which the  Registrant  files its Form 10-K (but in
no  event  later  than  May 14,  1997).  If the  registration  statement  is not
effective  by such date,  the  Company  has agreed to pay to the  Investors  the
aggregate  sum of $4,000 per day until the earlier to occur of (i) the effective
date of the registration  statement or (ii) the sixtieth day following date. The
failure by the  Company to  register  the  Conversation  Shares  pursuant  to an
effective  registration  statement  by the  later of 150 from the date  that the
Company  files its Annual  Report on Form 10-K or July 14,  1996  constitutes  a
Redemption  Event. If any time after April 1, 1997 (i) the Company does not have
an effective  registration  statement covering the Registrable  Shares, (ii) the
Purchasers have exercised  their rights in the event of a Redemption  Event and,
(iii) within  fifteen days of such  exercise the Company has not  delivered  the
redemption  price,  then holders of at least fifty-one  percent of the aggregate
amount of Series A Preferred  Shares,  Registrable  Shares and  Warrants not yet
registered  and  sold  have  the  right  to make  one  demand  to  register  the
Registrable Shares. In addition,  the holders of Registrable  Shares,  Preferred
Stock and  Warrants  have  piggyback  registration  rights each time the Company
proposes  to  register  any  shares  of Common  Stock  under the Act for its own
account  or on behalf  of any other  securities  holder,  subject  to a pro rata
cutback in the event of an underwritten offering.


                                      3

<PAGE>



Item 7. Financial Statements and Exhibits.

      (c)   Exhibits.

<TABLE>
<S>           <C>

Exhibit No.                 Description

    3.1      Amendment to Articles of Incorporation of the Registrant
             filed with the Secretary of State of the State of Florida on
             December 20, 1996
    10.1     Series A Stock Purchase Agreement by and among Credit
             Suisse First Boston Corporation, Silverton International
             Fund Limited and the Registrant dated December 20, 1996
    10.2     Registration Rights Agreement by and among Credit
             Suisse First Boston Corporation, Silverton International
             Fund Limited and the Registrant dated December 20,
             1996.
    10.3     Form of Warrant
</TABLE>




                                      4

<PAGE>




                                  SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                          ABLE TELCOM HOLDING CORP.


                                          By: /s/Daniel L. Osborne
                                              --------------------------------
                                               Daniel L. Osborne
                                               Chief Accounting Officer



Dated: December 31, 1996
[{"type": "8-K", "sequence": "1", "description": "CURRENT REPORT", "secsgml_size_bytes": 11528}]
{"company-data": {"conformed-name": "ABLE TELCOM HOLDING CORP", "cik": "0000826411", "assigned-sic": "1731", "irs-number": "650013218", "state-of-incorporation": "FL", "fiscal-year-end": "1031"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21986", "film-number": "96689169"}, "business-address": {"street1": "1601 FORUM PL", "street2": "STE 305", "city": "WEST PALM BEACH", "state": "FL", "zip": "33401", "phone": "4076880400"}, "mail-address": {"street1": "1601 FORUM PLACE", "city": "WEST PALM BEACH", "state": "FL", "zip": "33401"}, "former-company": {"former-conformed-name": "DELTA VENTURE FUND INC", "date-changed": "19890312"}}
SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                  ----------

                                   FORM 8-K

                                CURRENT REPORT

                    PURSUANT TO SECTION 13 OR 15(d) of the
                        SECURITIES EXCHANGE ACT OF 1934

Date of earliest event reported:  December 20, 1996

                           Able Telcom Holding Corp.
              (Exact name of registrant as specified in charter)

        Florida                     0-21986                  65-0013218
(State or other jurisdiction      (Commission               (IRS employer
    of incorporation)            file number)            identification no.)

1601 Forum Place, Suite 1110, West Palm Beach, Florida          33401
(Address of principal executive offices)                     (Zip code)

Registrant's telephone number, including area code:  (561) 688-0400
Item 5. Other Events.

      On December 20, 1996,  in a private  placement  transaction  (the "Private
Placement") exempt from registration  pursuant to Section 4(2) of the Securities
Act of 1933,  as amended  (the  "Act"),  the  Registrant  sold to each of Credit
Suisse  First  Boston  Corporation  and  Silverton  International  Fund  Limited
(collectively, the "Purchasers") 500 shares (the "Series A Preferred Shares") of
its Series A  Preferred  Stock,  par value  $.10 per  share,  and issued to each
purchaser a contingent warrant (the "Warrant") to purchase 100,000 shares of the
Registrant's  common  stock,  par value $.001 per share  ("Common  Stock").  The
Purchasers each paid the Registrant $3,000,000 for the Series A Preferred Shares
and the  Warrant.  The Private  Placement  was  effected  pursuant to a Series A
Preferred Stock  Agreement by and among the Purchasers and the Registrant  dated
December 20, 1996 (the "Agreement").  Pursuant to the Agreement,  so long as the
Series A Preferred Shares are issued and outstanding, if the Registrant conducts
a private offering of any equity  securities,  each of the Purchasers that holds
Series A Preferred  Shares has a right of first  refusal to purchase all of such
equity  securities  for cash at an amount  equal to the  price  for  which  such
securities are proposed to be sold. The Warrants are  exercisable  one year from
the effective date of the Private Placement provided that the Series A Preferred
Stock is not  converted  to Common Stock prior to the first  anniversary  of the
Private Placement.

      In connection  with the  Agreement,  on December 20, 1996,  the Registrant
filed  Articles of Amendment (the  "Articles") to its Articles of  Incorporation
designating the Series A Preferred Stock.  Pursuant to the Articles,  cumulative
dividends on the Series A Preferred Shares accrue at an annual rate of 5% of the
"Liquidation Preference" (as defined below) and are payable quarterly in arrears
in cash or through a dividend of additional  shares of Series A Preferred Stock,
at the option of the Registrant.  In the event of a liquidation,  dissolution or
winding  up of the  Registrant,  the  holders  of Series A  Preferred  Stock are
entitled to receive a preferential  distribution of the assets of the Registrant
equal to  $6,000.00  per share of Series A  Preferred  Stock  (the  "Liquidation
Preference").

      Holders of Series A Preferred Stock have the right to convert their shares
at any time  after  April 30,  1997 into  shares  of Common  Stock  ("Conversion
Shares").  The number of  Conversion  Shares is to be determined by dividing the
Liquidation  Preference  per  share  by the  lesser  of (i)  $9.82  (the  "Fixed
Conversion Price") or (ii) by application of an applicable  percentage  discount
(ranging from 10% to 20% depending on the date of the conversion  notice) to the
average  closing bid price of a share of Common Stock for the three trading days
immediately   preceding  the  date  of  the  conversion  notice  (the  "Floating
Conversion  Price").  The lesser of the Fixed  Conversion  Price or the Floating
Conversion Price is hereinafter referred to as the "Conversion Factor."

      Upon the  occurrence  of  certain  enumerated  events in the  Articles  (a
"Redemption  Event"),  holders  of shares of Series A  Preferred  Stock have the
right to sell such holder's shares of Series A Preferred Stock to the Registrant
at a price  equal to the  Liquidation  Preference  (plus any  accrued and unpaid
dividends  or  distributions  thereon)  for each share being  redeemed  plus the
product of the number of shares of Common  Stock into which such shares are then
convertible  multiplied  by an amount  equal to the  difference  between (i) the
average closing bid price of Common Stock for the three trading days immediately
following the date of the redemption notice and (ii) the Conversion Factor.

      At any time after  December  20, 1997 and  provided  that there  exists an
effective  registration statement covering the Conversion Shares, the Registrant
has the  right to redeem  all of the  outstanding  shares of Series A  Preferred
Stock at a purchase price equal to the Liquidation  Preference (plus any accrued
and unpaid dividends or  distributions  thereon) if the closing bid price of the
Common Stock for each of five consecutive  trading days prior to the date of the
redemption  notice is at or greater than 150% of the Fixed  Conversion Price (as
adjusted  pursuant to the Articles).  The Registrant  also has a right to redeem
shares of Series A Preferred  Stock, if the closing bid price of Common Stock is
less than $4.50 per share for five  consecutive  trading days and the Registrant
receives a conversion  notice within three days thereafter,  at a price equal to
the difference between (i) the average closing bid price of Common Stock for the
three trading days immediately  following the date of the redemption  notice and
(ii) the Conversion Factor.

      Provided  that the  purchasers  have not  converted the Series A Preferred
Stock to Common Stock, the Warrants are exercisable after December 20, 1997 at a
purchase price per share equal to $9.82;  provided,  however,  if there does not
exist an effective  registration statement covering the shares issuable upon the
exercise of the Warrants, the Purchasers may exercise the Warrant in whole or in
part in exchange  for the number of shares of Common  Stock equal to the product
of (i) the  number  of  shares  as to  which  the  Warrant  is  being  exercised
multiplied by (ii) a fraction, the

                                      2
numerator of which is the "Market Price" (as defined in the Warrant) less $9.82,
and the denominator of which is the Market Price.  The number of shares issuable
upon  exercise of the Warrant  will be reduced by 200 for each share of Series A
Preferred  Stock  that such  holder was issued in  connection  with the  Private
Placement that is converted into Common Stock prior to the first  anniversary of
the Private  Placement.  If the  Registrant  delivers a  redemption  notice with
respect to the Series A  Preferred  Stock,  the  Registrant  shall also  deliver
notice to the holders of the Warrants stating that such holders have ninety (90)
days to exercise  the Warrant at a purchase  price equal to $9.82 per share,  or
the  Registrant  will  redeem the Warrant  with  respect to any shares of Common
Stock issuable upon exercise of the Warrant  ("Warrant Stock") not so converted,
at a price equal to $.01 per underlying  share of Warrant Stock.  The Registrant
may then redeem the Warrant  with  respect to any portion  thereof  that has not
been converted into shares of Warrant Stock.

      In  connection  with  the  sale of the  Series  A  Preferred  Shares,  the
Purchasers and the Registrant entered into a Registration Rights Agreement dated
December 20, 1996. Pursuant to the Registration Rights Agreement, the Registrant
has agreed to file a  registration  statement  with the  Securities and Exchange
Commission  (the  "Commission")  relating to (i) the Conversion  Shares and (ii)
shares of Common Stock issuable upon exercise of the Warrants (collectively, the
"Registrable  Shares"),  and has  agreed to use its best  efforts  to cause such
registration  statement to be declared  effective by the Commission on or before
ninety days after the date on which the  Registrant  files its Form 10-K (but in
no  event  later  than  May 14,  1997).  If the  registration  statement  is not
effective  by such date,  the  Company  has agreed to pay to the  Investors  the
aggregate  sum of $4,000 per day until the earlier to occur of (i) the effective
date of the registration  statement or (ii) the sixtieth day following date. The
failure by the  Company to  register  the  Conversation  Shares  pursuant  to an
effective  registration  statement  by the  later of 150 from the date  that the
Company  files its Annual  Report on Form 10-K or July 14,  1996  constitutes  a
Redemption  Event. If any time after April 1, 1997 (i) the Company does not have
an effective  registration  statement covering the Registrable  Shares, (ii) the
Purchasers have exercised  their rights in the event of a Redemption  Event and,
(iii) within  fifteen days of such  exercise the Company has not  delivered  the
redemption  price,  then holders of at least fifty-one  percent of the aggregate
amount of Series A Preferred  Shares,  Registrable  Shares and  Warrants not yet
registered  and  sold  have  the  right  to make  one  demand  to  register  the
Registrable Shares. In addition,  the holders of Registrable  Shares,  Preferred
Stock and  Warrants  have  piggyback  registration  rights each time the Company
proposes  to  register  any  shares  of Common  Stock  under the Act for its own
account  or on behalf  of any other  securities  holder,  subject  to a pro rata
cutback in the event of an underwritten offering.

                                      3
Item 7. Financial Statements and Exhibits.

      (c)   Exhibits.
Exhibit No.                 Description

    3.1      Amendment to Articles of Incorporation of the Registrant
             filed with the Secretary of State of the State of Florida on
             December 20, 1996
    10.1     Series A Stock Purchase Agreement by and among Credit
             Suisse First Boston Corporation, Silverton International
             Fund Limited and the Registrant dated December 20, 1996
    10.2     Registration Rights Agreement by and among Credit
             Suisse First Boston Corporation, Silverton International
             Fund Limited and the Registrant dated December 20,
             1996.
    10.3     Form of Warrant
4
SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                          ABLE TELCOM HOLDING CORP.

                                          By: /s/Daniel L. Osborne
                                              --------------------------------
                                               Daniel L. Osborne
                                               Chief Accounting Officer

Dated: December 31, 1996