News & Events zu New Mountain Finance Corp (NMFC)NMFCNew Mountain Finance Corp

NMFC Reports Q2 Net Asset Value of $10.89 per Share

Reports net asset value of $10.89 per share compared to $10.92 per share as of March 31. The company said, "Our second quarter results reflect stable NAV and solid credit performance across the portfolio. We believe NMFC remains undervalued, with a dividend yield of 15% based on Friday's closing share price. Our insider ownership now represents 18% of shares outstanding, demonstrating our confidence in the Company's long-term value."

UniTek Acquires Concurrent Utility Services

UniTek Global Services announced the acquisition of Concurrent Utility Services, a specialty infrastructure services company focused on power grid modernization and connectivity. The transaction marks a significant milestone for 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. Financial terms were not disclosed. The acquisition positions UniTek to capitalize on growing demand for resilient and modernized power infrastructure across the United States. Concurrent's established regional footprint in the Southeast, safety-first mentality, and experienced workforce enhance UniTek's strong operating platform and will be a foundation for continued growth. Concurrent provides infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. Concurrent's service offering spans overhead and underground power, emergency service restoration, environmental services, and data center development-capabilities that directly complement UniTek's existing broadband and data center infrastructure platform. UniTek Power Services will continue to seek opportunities to deliver high-quality, efficient, and innovative power infrastructure services across the country. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

New Mountain Capital Completes ~$470 Million Portfolio Sale

"In the first quarter, NMFC delivered stable earnings and completed the ~$470 million portfolio sale," said Steven B. Klinsky, NMFC's Chairman and New Mountain Capital CEO. "We are using the proceeds from the sale to de-lever the balance sheet, buy back stock at a significant discount to book value and reinvest into attractive new investments in the primary and secondary market." John R. Kline, NMFC CEO, added: "NMFC continued to enhance the portfolio quality in the first quarter, materially reducing PIK exposure and improving diversification and asset mix. Excluding the impact from the portfolio sale, NMFC's book value declined modestly in the quarter, primarily reflecting broader market movements in software and technology-oriented loans impacting the BDC sector. We remain focused on further portfolio enhancements throughout the balance of the year."