Published on: Thursday, 27 February 2025 ● 3 Min Read
NEW YORK--(BUSINESS WIRE)--BTG Pactual Strategic Capital (“Strat Cap”) announced today that it has completed a strategic investment in UniTek Global Services, Inc. (“UniTek” or the “Company”), a leading super-regional broadband infrastructure services provider supporting the telecommunications and data center end markets. This investment is in partnership with UniTek’s lead investor, New Mountain Finance Corporation (Nasdaq: NMFC) and affiliates.
UniTek provides a comprehensive suite of broadband solutions, including engineering and design, fiber installation, and maintenance services for aerial and underground fiber infrastructure.
James Frank, Head of Strat Cap, said, “We are excited to partner with UniTek management and New Mountain Capital on this investment. With increasing bandwidth consumption, growing support for fiber expansion, and the increasing need for data center connectivity, UniTek is well positioned for substantial organic and inorganic growth. We believe this strategic collaboration will build upon the excellent foundation at the Company and position UniTek for long-term success.”
UniTek CEO, Charlie Smith, added “We are confident this transaction will deliver value for all of our stakeholders, including clients, employees and investors as it accelerates the growth strategy that we have developed for the company. Strat Cap’s investment is a recognition of the bright future ahead of our organization and we look forward to continuing to deliver top-tier infrastructure services and support to our clients across the US and Canada. The continued growth of UniTek will enable further service delivery improvement for our clients and opportunity for our team members.”
Harris Kealey, Managing Director at New Mountain Capital, commented, “The leadership team at UniTek continues to build on their reputation of providing excellent service to their clients. We are thrilled to continue our partnership with the team and are very excited to bring on Strat Cap as a partner to accelerate future growth in the very attractive fiber and broadband end markets.”
A&O Shearman served as legal counsel to UniTek.
Gibson, Dunn & Crutcher LLP served as legal counsel to Strat Cap.
About BTG Pactual Strategic Capital
BTG Pactual (BPAC11) is the largest investment bank in Latin America with over US$ 300 billion in assets under management and advisement. Strat Cap is an opportunistic investment strategy focused on asset-oriented businesses and sits within BTG Pactual’s US$ 8.1B Global Alternatives division. 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. For more information, please visit http://www.btgstratcap.com. All AUM figures are as of YE 2024.
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. Our differentiated investment approach leverages the deep sector knowledge and operating resources of New Mountain Capital, a global investment firm with over $55 billion of assets under management. Additionally, New Mountain has affiliates that pursue similar investment strategies.
About UniTek Global Services, Inc.
UniTek is a leading broadband infrastructure services provider supporting the expansion of fiber and data center connectivity across the Southeast and Mid-Atlantic United States and Western Ontario. With over 750 employees and 80 locations across the US and Canada, UniTek delivers OSP & ISP planning, design, permitting, and project management services. For more information, visit https://unitekglobalservices.com/.
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