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HRP Group and DMI Appliance Group Announce Start of Operations at HRP Mercer Logistics Park

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2 years ago

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The Companies Hosted a Joint Ribbon Cutting Ceremony on June 7

HAMILTON TOWNSHIP, N.J., June 7, 2024 /PRNewswire/ — HRP Group (HRP) today announced the successful operations commencement of Dynamic Marketing Incorporated (DMI), now doing business as DMI Appliance Group, at HRP Mercer Logistics Park, a 132-acre, 1.23 million square foot sustainably-built logistics hub in Hamilton Township, NJ. DMI occupies Building 1 on the logistics campus, which measures 846,078 square feet. To celebrate the start of the partnership between the two companies, HRP and DMI were joined by Hamilton Township Mayor Jeff Martin and local officials and stakeholders for a ribbon cutting ceremony at the facility on June 7.

Positioned just 35 miles from Philadelphia, 65 miles from Manhattan and in close proximity to the area’s significant seaport and airport infrastructure, nearly 40 percent of the US population can be reached within a single day’s drive from HRP Mercer. Access to 2.48 million workers, including more than 112,300 transportation and warehouse workers, enhances the site’s value as an ideal location for both regional distribution and last mile logistics.

“We are thrilled to have DMI begin its operations at HRP Mercer,” said HRP Chief Investment Officer Andrew Chused. “DMI has been a fixture in the Hamilton Township community for a decade now, and we believe their track record as an industry leader makes them an ideal user for this state-of-the-art facility. We are also grateful to Mayor Martin and our partners in Hamilton Township for their ongoing support for our work to transform this former industrial site and create sustainable jobs and economic growth.”

DMI is a buying cooperative dedicated to serving the needs of independent consumer appliance dealers. Currently serving over 80 members with more than 90 showrooms across the Northeast, DMI enables independent dealers to remain competitive in major markets. DMI is strategically positioned to foster continued growth in the appliance industry by enhancing its range of services and operational efficiency. With a solid commitment to innovation and member success, DMI is dedicated to empowering its members to thrive and grow.

“DMI is dedicated to optimizing operations and boosting efficiencies to elevate our organization for our members. Moving to a new state-of-the-art warehouse with cross-docking and room to grow is a significant step towards our continued growth,” said DMI Executive Director, Alan Joskowicz.

DMI’s occupancy of the building will result in 81 jobs remaining in Hamilton Township, with the potential to add hundreds of additional jobs in the future.

“We are thrilled DMI chose to stay in Hamilton and expand their operations here,” said Mayor Jeff Martin.  “I also want to thank HRP for seeing a diamond in the rough by repurposing a decommissioned coal plant, cleaning it up, and turning it into something clean and useful.  A special thanks to HRP for doing all the work with all skilled union and local workers.”

At the event, DMI recognized their business partners, including those who supported the grand opening: Whirlpool, GE Appliances, Nationwide Marketing Group (NMG), Samsung, Middleby Residential, BSH Home Appliance, Summit Appliance, Milestone Distributors, LG Electronics, Element Electronics, Friedrich Air Conditioning, AM Home Delivery, Fisher & Paykel, and HRP.

About HRP Group: HRP is a vertically integrated, multi-strategy real estate investment company specializing in the transformation of obsolete industrial sites into modern logistics infrastructure, mixed-use destinations, and pioneering innovation hubs. The firm takes a holistic approach to value creation that prioritizes community, environmental, and economic sustainability.

About DMI Appliance Group: Since 1957, DMI Appliance Group has been a cooperative buying group dedicated to helping member, independent appliance retailers compete with big-box competitors. Over the past six decades, DMI has become the longest-running, continuously operating warehouse group in the U.S. The group provides members with access to appliances at competitive prices and offers comprehensive business support services, including marketing, floor planning, events, and more.

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SOURCE HRP Group

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

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45 minutes ago

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July 23, 2026

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NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

Published

45 minutes ago

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July 23, 2026

By

NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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Fathom Applauds Introduction of the FRONTIER Act, the First Federal Blueprint for Independent AI Verification

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45 minutes ago

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July 23, 2026

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Reps. Lori Trahan (D-MA-03) and Jay Obernolte (R-CA-23) introduce a bill to build a competitive marketplace of independent verifiers for frontier AI models.

WASHINGTON, July 23, 2026 /PRNewswire/ — Fathom welcomes the introduction of the FRONTIER Act, the most complete federal framework yet for independent, third-party verification of frontier AI. The legislation is built to earn public trust as AI technology continues to accelerate. As frontier systems begin to take autonomous action in the world, the gap between what these models can do and our ability to keep them in check is widening. FRONTIER is the starting point to close that gap.

“AI governance keeps running into the same wall. The technology is hard to measure and it moves faster than any law can keep up with,” said Andrew Freedman, Co-Founder and CEO of Fathom. “Trying to write the perfect rules and freezing them in place won’t work. What will work is a competitive market of independent verifiers who are accountable for real-world outcomes and who the government can actually count on. The FRONTIER Act shows we can move fast and still get this right.”

The bill gets the fundamentals correct. It sets one public standard – the adequate mitigation of catastrophic risk – and holds both the AI companies and their independent verifiers accountable to it. FRONTIER does not freeze a single testing method into statute. Instead, it licenses competing verification organizations, allows them to sharpen their methods, and gives the government the power to revoke a license when a verifier’s work does not hold up in the field. That is how you build a system that keeps pace with the science instead of falling behind it.

Fathom thanks Reps. Trahan and Obernolte for their leadership, and for their courage in releasing a discussion draft, inviting scrutiny, and incorporating substantive improvements from across the field. One priority improvement as the bill advances: giving the government a fuller range of tools to act upstream – for pushing companies to close identified gaps in risk mitigation early, rather than only once a catastrophe is imminent. We are committed to working with these sponsors, committees of jurisdiction, and Congressional leadership to continue refining the bill in the weeks and months ahead.

About Fathom
Fathom is an independent nonprofit whose mission is to build a governance architecture that helps society navigate the transition to a world with AI by fostering trust, safety, and innovation. Fathom has developed and championed the independent verification model for AI and works with policymakers across the country to put it into practice. Learn more at http://fathom.org.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fathom-applauds-introduction-of-the-frontier-act-the-first-federal-blueprint-for-independent-ai-verification-302833546.html

SOURCE Fathom AI Inc.

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