Concurrent Utility Services Strengthens Its Position
Concurrent Utility Services, a well-regarded provider of construction, installation, and maintenance services for utility providers, has made a significant move by acquiring Atlantic Utility Constructors, Inc. This acquisition marks an important step in enhancing their operational capabilities and geographic reach.
Expanding Reach in Utility Services
With its new acquisition, Concurrent aims to broaden its services to meet the growing demand in regions serviced by the largest electric utility in the nation. The company has established itself in the utility market, particularly within Florida, where it has delivered essential construction and recovery services since 2018.
The Impact of Growth in Florida
The population surge in Florida, where over 900 individuals relocate daily, puts immense pressure on existing infrastructure. Concurrent's CEO, Steve Sarno, stated that this growth necessitates the construction of additional services to accommodate the influx. The acquisition of Atlantic Utility Constructors equips Concurrent with added resources and expertise to tackle challenges in fast-growing regions in Central and Northeast Florida.
Investments in Infrastructure
In the wake of Hurricane Irma in 2017, Florida’s major utilities have invested billions of dollars in strengthening their infrastructure. This includes the important task of burying power lines to safeguard against future storms. Sarno highlighted that many miles of power lines still need to be relocated underground. With Atlantic's skilled underground construction teams now under Concurrent's wing, the company is well-positioned to meet these ongoing demands.
Employees and Operations
Based in Sanford, FL, Concurrent Utility Services employs over 200 trained service technicians. These professionals operate from several centers across the state, including locations in Rockledge, Daytona, and Miami. The company serves some of the largest investor-owned utility customers and a wide range of telecom clients, forming a robust network needed to sustain its services and support its growth ambitions.
Quality of Service and Future Outlook
The acquisition of Atlantic Utility Constructors not only enhances the range of services offered by Concurrent but also ensures they maintain high standards of quality as they grow. With a solid foundation in place, Concurrent is poised to take on more projects and respond effectively to the evolving demands of the utility sector.
Frequently Asked Questions
What services does Concurrent Utility Services provide?
Concurrent Utility Services specializes in construction, installation, and maintenance services for power and telecom providers, primarily in Florida.
How does the acquisition of Atlantic Utility Constructors benefit Concurrent?
This acquisition expands Concurrent's service capabilities and geographic reach, allowing them to address the increasing demand for utility services in rapidly growing areas.
What prompted the acquisition of Atlantic Utility Constructors?
The acquisition was motivated by the need to meet infrastructure demands arising from Florida's high population growth and the ongoing necessity for enhanced utility services.
How many employees does Concurrent Utility Services have?
Concurrent employs over 200 specially trained service technicians across multiple operation centers in Florida.
What has been the impact of Hurricane Irma on utility services in Florida?
In response to Hurricane Irma, Florida's major utilities have significantly invested in hardening their infrastructure, including the burial of power lines to improve resilience against storms.
