NES Rentals Holdings, Inc., Chicago, Ill., announces it has completed the sale of its Traffic Safety and Studio Equipment businesses to private equity investors Aperion Management, LLC and Falcon Investment Advisors, LLC. Proceeds from the sale will be used to reduce NES Rentals' debt.
“We have continued to work toward solidifying NES Rentals' position as the leader in the aerial equipment rental space,” said Andrew Studdert, NES Rentals chairman and CEO. “To accomplish this we have streamlined the organization and strengthened our bottom line by selling non-core businesses. This will allow us to invest in the specific lift equipment that our customers require to get their jobs done, quickly and safely.”
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