UniTek Global Services Buys Concurrent Utility Services to Boost Power Division
NMFC•UniTek Global Services has acquired Concurrent Utility Services, a Southeast-focused contractor specializing in power grid modernization and data center development to bolster its Power Services Division. The deal enhances UniTek’s regional footprint, diversifies services, and positions New Mountain Finance’s portfolio company to capture rising demand for resilient U.S. power infrastructure.
1. Acquisition Details
UniTek Global Services acquired Concurrent Utility Services, a Southeast-based infrastructure services firm focused on power grid modernization, overhead and underground utility construction, emergency restoration, environmental services and data center development. Financial terms were not disclosed and Concurrent will continue operating under its established brand with its existing leadership team.
2. Strategic Rationale
The deal strengthens UniTek’s Power Services Division, launched in July 2025, by broadening its maintenance, upgrade and new infrastructure capabilities for the power sector. The acquisition adds a safety-first workforce and regional footprint to help capture growing demand for resilient and modernized power infrastructure across the United States.
3. Portfolio Impact
As a portfolio company of New Mountain Finance Corporation, UniTek’s expansion enhances NMFC’s exposure to the digital infrastructure and utilities sectors. The strengthened platform and diversified service offerings support long-term value creation and potential returns for NMFC investors by improving portfolio resilience and growth prospects.
