News & Updates
UniTek Global Services Acquires Concurrent Utility Services
Transaction enhances capabilities for grid modernization, utility services, and data center development
Jackson, MS – July 2, 2026 — UniTek Global Services, Inc. (“UniTek” or the “Company”), a leading provider of turnkey infrastructure solutions to the communications and data center markets, today announced the acquisition of Concurrent Utility Services LLC (“Concurrent”), a specialty infrastructure services company focused on power grid modernization and connectivity. The transaction marks a significant milestone for UniTek’s Power Services Division, which launched in July 2025 to broaden the Company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Financial terms were not disclosed.
The acquisition positions UniTek to capitalize on growing demand for resilient and modernized power infrastructure across the United States. Concurrent’s established regional footprint in the Southeast, safety-first mentality, and experienced workforce enhance UniTek’s Power Services Division’s strong operating platform and foundation for continued growth.
Concurrent provides infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. Concurrent’s service offering spans overhead and underground power, emergency service restoration, environmental services, and data center development—capabilities that directly complement UniTek’s existing broadband and data center infrastructure platform.
UniTek CEO Charlie Smith said, “We are excited to welcome Concurrent to the UniTek family. This acquisition accelerates UniTek’s Power Services Division, diversifies the Company’s service offerings, and meets rising demand for resilient, sustainable infrastructure.”
UniTek Power Services Chairman Pete Sandore, said, “Concurrent is an outstanding strategic fit for our Power Services Division, with a talented team and a reputation for quality that speak for themselves. Their established platform and experienced workforce give us the runway to build the next generation of grid and utility infrastructure, and I’m thrilled to welcome them to UniTek.”
Concurrent CEO Steve Sarno, added, “Joining UniTek is an exciting milestone for our team, built on a shared commitment to safety and the quality of our work. With UniTek’s resources and scale behind us, we can deliver even greater value to our clients and accelerate our growth across the Southeast and beyond.”
UniTek Power Services will continue to seek opportunities to deliver high-quality, efficient, and innovative power infrastructure services across the country. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.
UniTek is a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.
About Concurrent Utility Services LLC
Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. Concurrent’s capabilities include overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. For more information, visit www.concurrentllc.net.
About New Mountain Finance Corporation
New Mountain Finance Corporation (Nasdaq: NMFC) is a leading business development company (BDC) focused on providing direct lending solutions to U.S. upper middle market companies backed by top private equity sponsors. Its portfolio consists primarily of senior secured loans, and select junior capital positions, to growing businesses in defensive industries that offer attractive risk-adjusted returns. Its differentiated investment approach leverages the deep sector knowledge and operating resources of New Mountain Capital, a global investment firm with over $60 billion of assets under management. Additionally, New Mountain has affiliates that pursue similar investment strategies.
About BTG Pactual Strategic Capital
BTG Pactual (BPAC11) is the largest investment bank in Latin America with a market capitalization of ~US$ 42 billion. Strategic Capital (Strat Cap) is an all-weather investment strategy focused on hybrid solutions in defensive sectors in the U.S. and sits within BTG Pactual’s Global Alternatives group. Strat Cap partners with sponsors, management teams and business owners to create value and is led by a seasoned investment team with relevant experience in private equity, credit, and structured solutions (as of March 31, 2026). For more information, please visit www.btgstratcap.com.
Media Contacts
UniTek Global Services, Inc.
Marketing Manager
Celeste Williamson
cwilliamson@unitekgs.com
New Mountain Finance Corporation
Investor Relations
Laura C. Holson, Authorized Representative
NMFCIR@newmountaincapital.com
BTG Pactual Strategic Capital
Elaine Irvin
elaine.irvin@btgpactual.com
