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Nesco Holdings, Inc. Raises $140 Million In Connection With The Previously Announced Acquisition Of Custom Truck One Source

Dec 21, 2020•over 4 years ago

Amount Raised

$140 Million

Fort Wayne

Description

 Nesco Holdings, Inc. (NYSE: NSCO, "Nesco" or the "Company") today announced that it has entered into an agreement with a group of investors (the "Investors"), for the private placement of $140 million of common stock to finance in part the previously announced acquisition of Custom Truck One Source ("Custom Truck").

Company Information

Company

Nesco

Location

Fort Wayne, Indiana, United States

About

Nesco is one of the largest providers of specialty equipment, parts, tools, accessories and services to the electric utility transmission and distribution, telecommunications and rail markets in North America. Nesco offers its specialized equipment to a diverse customer base for the maintenance, repair, upgrade and installation of critical infrastructure assets including electric lines, telecommunications networks and rail systems. Nesco's coast-to-coast rental fleet of more than 4,500 units includes aerial devices, boom trucks, cranes, digger derricks, pressure drills, stringing gear, hi-rail equipment, repair parts, tools and accessories. For more information, please visit investors.nescospecialty.com.

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