NESCO LLC, Ft. Wayne, Ind., has acquired the utility truck equipment fleet of Foley Utility Equipment.
The acquisition adds 1- to 2-year-old transmission and distribution units to Nesco’s existing fleet and expands Nesco’s presence in the Midwest.
It is Nesco’s commitment to existing Foley utility truck rental customers and the industry to honor all active rental agreements.
Financial terms of the transaction were not disclosed.
Nesco itself was acquired by Energy Capital Partners in February 2014.
“Acquiring these assets further broadens Nesco’s fleet offering and expands our ability to service our customer’s needs nationwide,” said Lee Jacobson, CEO of Nesco. “The acquisition solidifies our position as one of the premier equipment and service providers in the utility and telecommunications rental markets and demonstrates Nesco and Energy Capital Partners' commitment to growth. We will continue to invest in the breadth, depth, and quality of our fleet.”
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