September 15, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — UniTek Global Services, Inc. (OTCBB: UGLB) has launched a public offering of 6.25 million shares of its common stock. Jefferies & Co., Inc. (NYSE: JEF) and Roth Capital Partners, LLC, will act as book-running managers of the offering.

The underwriters of the offering have a 30-day option to purchase up to an additional 937,500 shares of common stock from the company, on the same terms and conditions, to cover over-allotments, if any.

The company said it has applied to list its common stock on the NASDAQ Global Market under the symbol "UNTK." All share amounts reflect a one-for-28 reverse split of the common stock that the company expects to complete upon pricing of the offering.

UniTek said it plans to use the net proceeds from the offering (and the net proceeds from any exercise of the underwriters' option to purchase additional shares of common stock) to repay around $51.3 million of indebtedness, with the remaining net proceeds to be used for general corporate purposes, including for working capital to support the execution of the company's backlog.

Pennsylvania-based UniTek Global Services is a provider of engineering, construction management and installation fulfillment services to companies specializing in the telecommunications, broadband cable, wireless and satellite industries.

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