NESCO Sales & Rentals Acquires Utility Equipment Leasing Corporation | Daily Construction News

NESCO Sales and Rentals is proud to announce the acquisition of Utility Equipment Leasing Corporation (UELC) based in Waukesha, Wisc.on Dec. 21, 2012.

The UELC fleet adds over 500 bucket trucks and digger derricks to NESCO’s nationwide capabilities. Customers will have access to more than 3,000 pieces of equipment, plus a nationwide parts and service network.

“Acquiring UELC further broadens NESCO’s fleet offering and expands our customer base and ability to service our customer’s equipment needs nationwide,” said Lee Jacobson, NESCO's CEO. “The acquisition solidifies our position as one of the premier service and equipment providers in the utility and telecommunications rental markets, and demonstrates NESCO and Platinum Equity's commitment to strategic consolidation.”

"Today’s announcement represents another step forward in Platinum Equity's efforts to support NESCO's overall growth strategy,” said Louis Samson, the Platinum Equity partner who led the firm’s acquisition of NESCO. “NESCO and UELC are complementary businesses with compelling synergies and we are excited about the prospect of bringing them together.”