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Forum Mobility Hosts Ribbon Cutting Ceremony for FM Harbor Electric Truck Charging Depot at the Port of Long Beach

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The fully operational facility will support over 200 electric drayage trucks daily, advancing California’s transition to zero-emission transportation.

LONG BEACH, Calif., Jan. 23, 2025 /PRNewswire/ — Forum Mobility, a leading heavy-duty truck charging infrastructure provider, celebrated the ribbon-cutting of its new “FM Harbor” charging depot in the Port of Long Beach during an event on Wednesday. The event marks the official launch of the largest port-based charging depot in the country. The facility will serve over 200 electric drayage trucks daily, supporting California’s ambitious goals for a transition to zero-emission drayage fleets. The ceremony featured remarks from representatives of the City of Long Beach, the Port of Long Beach, the California Air Resources Board, the California Energy Commission, South Coast Air Management District, and the Harbor Trucking Association.

“Today marks a major milestone for Forum Mobility and the drayage community at the Port of Long Beach,” said Matt LeDucq, CEO and co-founder of Forum Mobility. “With a state-of-the-art charging facility right where it’s needed along with our affordable Class 8 electric truck leasing program, we are eliminating the barriers to achieving zero-emission freight. Truckers can enjoy lower costs per mile without upfront expense, cargo owners can choose to have their goods shipped without emissions, and communities can breathe easier.”

The FM Harbor facility is part of a larger Forum Mobility network of heavy-duty truck charging depots strategically located in ports and on routes to common freight destinations. Each depot includes on-site security, charging, and driver parking to deliver a plug-and-play experience for truckers switching to electric. Forum is currently developing depots in South-Central Los Angeles out to the Inland Empire, creating an ecosystem of charging support.

Industry leaders like Amazon Global Mile, Talon Logistics, Green Fleet Systems, Jaspem Truck Line Inc, Legacy Drayage, AI Trans, Hunter Logistics, and Redefined Transportation have already secured reservations at Forum’s charging depots.

Forum Mobility has also announced a collaboration with Climate United to provide affordable lease options to small fleets at the Ports of Los Angeles and Long Beach. Leveraging a grant from the Environmental Protection Agency (EPA), Climate United will invest up to $250 million to purchase up to 500 class 8 electric trucks – the largest single order in US history.

“Electric drayage trucks cost less to operate, but high upfront costs make it difficult for independent owner-operators and small fleets to go electric,” said Beth Bafford, CEO of Climate United. “Through tax credits, incentives, and attractive financing, we are significantly reducing cost barriers to help small fleets make the switch. This yields local results, including lower cost of ownership, less pollution, and better health outcomes as well as national impact through the creation of new financing markets that promote American manufacturing, create jobs, lower costs, and stimulate demand.”

Elemental Impact, a nonprofit investor focused on scaling climate technology for deep community impact, has also invested in the facility. Elemental’s investment and support covered essential development costs, such as permitting and engineering design, in addition to coaching for effective community, policymaker and other stakeholder engagement.

“Forum Mobility has proven that heavy-duty electric trucking is ready to scale using FM Harbor as a replicable model. Their combination of a truck leasing program and subscription-based charging represents a win-win solution for truckers and the surrounding community,” said Danya Hakeem, Elemental Impact Vice President of Portfolio. “This is one of several depots that we are proud to support as they deploy their charging network to even more transportation hubs across the U.S.”

California and the Port of Long Beach have ambitious goals for zero emission drayage trucks. The FM Harbor depot is a crucial component of this effort, offering 19 dual-port 360 kW chargers and six single-dispenser 360 kW chargers, enabling simultaneous charging for up to 44 trucks and serving over 200 trucks daily. It is the largest port-based truck charging depot in the world.

“FM Harbor is a great example of what’s possible in zero emission freight. We are combining our expertise in building safe and reliable depots with Climate United’s incredibly low-cost truck lease to provide fleets in SoCal, Oakland, and Seattle reliable charging, where they need it, at affordable rates,” said LeDucq.

About Forum Mobility
Forum Mobility is a leading zero emission trucking solutions provider. Forum builds and operates heavy duty electric truck charging depots, and provides customers with charging – or a truck plus charging together – to make the transition to zero emission vehicles as easy as possible. Learn more at forummobility.com.

About Elemental Impact
Elemental Impact is a non-profit investor with 15 years of experience scaling innovative technology projects with deep climate and community impact. Elemental invests catalytic capital and provides expert services to a growing portfolio of 160+ companies in energy, agriculture, transportation, industry, and nature-based solutions.

About Climate United
Climate United is a national nonprofit coalition leveraging $6.97 billion from the U.S. Environmental Protection Agency’s National Clean Investment Fund program to invest in green solutions and remove financial barriers to clean technologies so every American benefits from good-paying jobs, lower energy bills, and better public health. Formed by Calvert Impact, Community Preservation Corporation, and Self-Help, the coalition brings decades of experience in impact investing to increase environmental sustainability and unlock new, lasting economic opportunities in low-income and disadvantaged communities. Learn more at ClimateUnited.org.

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SOURCE Forum Mobility

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

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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

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

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4 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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