Concurrent Utility Services Achieves Growth Through Acquisition of Atlantic Utility Constructors in Florida

Concurrent Utility Services Expands Its Telecommunications Reach

In a significant move to enhance its service offerings and geographical footprint, Concurrent Utility Services has announced the strategic acquisition of Atlantic Utility Constructors, a telecommunications and utility service provider based in Melbourne, Florida. This acquisition is poised to position Concurrent as a leading player in the rapidly expanding telecom market across the Southeastern United States.

Founded in 2017, Concurrent Utility Services specializes in construction, installation, and maintenance services tailored for mobile wireless operators, fiber providers, and electric power companies. With this acquisition, the firm aims to extend its influence and ability to cater to the burgeoning demands of customers and marketplaces that are increasingly reliant on robust and reliable connectivity.

The Significance of the Acquisition

The acquisition represents a pivotal step in Concurrent's strategy to not only increase their market share but also to enhance their service capabilities. Ryan Florio, the Chief Operating Officer of Concurrent, emphasized the transformative changes in Florida over the past five years. The central area of Florida, which was once characterized by sprawling orange groves and pastures, has transitioned into urban centers with countless residential and commercial spaces, all demanding a solid and effective telecom infrastructure.

Florio noted, "The phenomenal growth of Florida has created a necessity for connectivity. The addition of Atlantic's experienced teams allows us to broaden our suite of services and serve our expanding client base more effectively."

Expanding Service Capabilities

With Atlantic Utility Constructors having over two decades of experience in servicing Florida's foremost utilities, their expertise specifically in powerline installation and maintenance is invaluable. They have been effective in delivering services throughout Central and North Florida, making them a reputable player in the telecom and utility sector.

This partnership will also facilitate a holistic approach to fiber installation, which is becoming increasingly important as more connections are required not only for homes but also for businesses and cellular infrastructure. According to Florio, "Whether the connection is to a home, a business, or a cell tower, most likely it’s going to be fiber, and in Florida, it’s going to be underground."

A Commitment to Excellence

The integration of Atlantic’s substantial underground construction resources with Concurrent's existing capabilities is set to provide comprehensive solutions that meet the evolving requirements of their clients. Concurrent's existing roster includes major wireless network operators and fiber providers, and with the added resources from Atlantic, the company is optimistic about enhancing their offerings with turnkey solutions for fiber installations.

With over 200 specially trained technicians operating from their centers in Sanford, Rockledge, Daytona, and Miami, Concurrent Utility Services is positioned to leverage this acquisition effectively. Their operational scale and expertise in the field allow them to service two of the largest investor-owned utilities in the country as well as all major players in the wireless communication domain.

Conclusion

As the telecom landscape continues to evolve, Concurrent Utility Services is taking strategic steps to ensure they remain at the forefront of the industry. The acquisition of Atlantic Utility Constructors not only strengthens their existing capabilities but also reflects a proactive response to the growing demand for reliable and efficient telecom solutions in Florida and beyond. With this move, Concurrent is gearing up to meet the future connectivity challenges head-on, providing comprehensive and efficient services to a rapidly growing customer base.