UniTek acquires Concurrent to expand power services
- UniTek Global Services acquired Concurrent Utility Services to expand its power infrastructure services business.
- The acquisition adds power grid modernization, utility, and data center infrastructure capabilities across the Southeast U.S.
- Financial terms were not disclosed, with UniTek targeting growth in resilient power infrastructure demand.
UniTek Global Services acquired Concurrent Utility Services, a specialty infrastructure services company focused on power grid modernization and connectivity, to expand its Power Services Division.
The acquisition strengthens UniTek’s capabilities across power infrastructure, including overhead and underground power, emergency restoration, environmental services, and data center development.
Concurrent serves electric utilities, telecom providers, and land developers across the Southeast United States through its regional operating platform and experienced workforce.
The acquisition builds on UniTek’s Power Services Division, which launched in July 2025 to provide maintenance, repair, upgrades, and new infrastructure development services.
Concurrent will continue operating under its existing brand while becoming part of UniTek’s broader infrastructure services platform.
UniTek is backed by New Mountain Finance Corporation (NASDAQ:NMFC) and its affiliates, along with BTG Pactual Strategic Capital.
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