M&A Deal Summary

Concurrent Acquires Atlantic

On November 5, 2024, Concurrent acquired utilities company Atlantic from Y-COM

Acquisition Highlights
  • This is Concurrent’s 1st transaction in the Utilities sector.
  • This is Concurrent’s 1st transaction in the United States.
  • This is Concurrent’s 1st transaction in Florida.

M&A Deal Summary
Date 2024-11-05
Target Atlantic
Sector Utilities
Buyer(s) Concurrent
Sellers(s) Y-COM
Deal Type Divestiture

Target

Atlantic

Cocoa, Florida, United States
Atlantic provides powerline services, operating out of facilities in Florida. It specializes in distribution line maintenance and installation for a variety of customers throughout Florida. Atlantic was formed in 2002 and is headquartered in Cocoa, Florida.

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Buyer(S) 1

Buyer

Concurrent

Sanford, Florida, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Concurrent provides construction, installation, and maintenance services for power and telecom providers throughout the southeast. Its telecom clients include all major wireless network operators, tower companies, and many fiber providers. Concurrent is based in Sanford, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Y-COM

Melbourne, Florida, United States
Category Company
Founded 1972
Sector Communications
DESCRIPTION

Y-COM is a provider of infrastructure services to the telecommunications and utility industries in the Southeast. The company is a family-owned and operated business providing mission-critical solutions to leading telecommunications and utility providers. Y-COM specializes in underground and aerial construction, directional boring, fiber installation, and emergency maintenance and response. It has developed a reputation for the superior quality of service, timely performance, and business integrity resulting in a loyal base of customers that are leaders in their sectors. Y-COM was formed in 1972 and is based in

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-18 Borecomm Solutions

New Port Richey, Florida, United States

Borecomm Solutions is a telecommunications construction business that focuses on fiber-to-the-home (FTTH) construction, using specialized assets, equipment, and a skilled team to meet growing network service needs in the region's residential market. Borecomm Solutions is based in New Port Richey, Florida.

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