\nTransaction enhances capabilities for grid modernization, utility services, and data center development<\/i><\/p>
JACKSON, Miss.--(BUSINESS WIRE)--July 7, 2026--UniTek Global Services, Inc. (\u201cUniTek\u201d or the \u201cCompany\u201d), a leading provider of turnkey infrastructure solutions to the communications and data center markets, today announced the acquisition of Concurrent Utility Services LLC (\u201cConcurrent\u201d), a specialty infrastructure services company focused on power grid modernization and connectivity. The transaction marks a significant milestone for UniTek\u2019s Power Services Division, which launched in July 2025 to broaden the Company\u2019s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Financial terms were not disclosed.<\/p>
\nThe acquisition positions UniTek to capitalize on growing demand for resilient and modernized power infrastructure across the United States. Concurrent\u2019s established regional footprint in the Southeast, safety-first mentality, and experienced workforce enhance UniTek\u2019s strong operating platform and will be a foundation for continued growth.<\/p>
\nConcurrent provides infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. Concurrent\u2019s service offering spans overhead and underground power, emergency service restoration, environmental services, and data center development\u2014capabilities that directly complement UniTek\u2019s existing broadband and data center infrastructure platform.<\/p>
\nUniTek CEO Charlie Smith said, \u201cWe are excited to welcome Concurrent to the UniTek family. This acquisition accelerates UniTek\u2019s Power Services Division, diversifies the Company\u2019s service offerings, and meets rising demand for resilient, sustainable infrastructure.\u201d<\/p>
\nUniTek Power Services Chairman Pete Sandore, said, \u201cConcurrent 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\u2019m thrilled to welcome them to UniTek.\u201d<\/p>
\nConcurrent CEO Steve Sarno, added, \u201cJoining UniTek is an exciting milestone for our team, built on a shared commitment to safety and the quality of our work. With UniTek\u2019s resources and scale behind us, we can deliver even greater value to our clients and accelerate our growth across the Southeast and beyond.\u201d<\/p>
\nUniTek 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.<\/p>
\nUniTek is a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.<\/p>
\nAbout UniTek Global Services, Inc.<\/b><\/p>
\nUniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. For more information, visit https:\/\/www.unitekglobalservices.com<\/a>.<\/p> \nAbout Concurrent Utility Services LLC<\/b><\/p> \nConcurrent 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\u2019s 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 https:\/\/www.concurrentllc.net<\/a>.<\/p> \nAbout New Mountain Finance Corporation<\/b><\/p> \nNew 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 $60 billion of assets under management. Additionally, New Mountain has affiliates that pursue similar investment strategies.<\/p> \nAbout BTG Pactual Strategic Capital<\/b><\/p> \nBTG Pactual (BPAC11) is the largest investment bank in Latin America with a market capitalization of ~US$ 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\u2019s 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<\/a>.<\/p> \nMedia Contacts<\/span><\/b><\/p> \nUniTek Global Services, Inc.<\/i> \nNew Mountain Finance Corporation<\/i>