Nesco acquires Bethea Tool and Equipment
By Lindsey Anderson02 November 2017
Nesco, LLC has acquired Bethea Tool and Equipment Company, a manufacturer of handline blocks, stringing blocks, bundle blocks and similar products used by electrical utilities and contractors. The acquisition includes Bethea Tool and Equipment’s manufacturing facility and distribution center in Brighton, TN. This location provides 60,000-square-feet of warehouse and service space.
“The acquisition of Bethea Tool and Equipment solidifies our position as the premier service and equipment provider in utility and specialty rental markets,” said Lee Jacobson, NESCO’s CEO. “This acquisition expands our product portfolio, increasing our flexibility in meeting the purchase and rental needs of customers seeking high quality products.”
Bethea Tool and Equipment Company will become part of NESCO’s Utility Equipment Outfitters (UEO) division, making UEO one of the largest providers of block rentals, as well as new and used Parts, Tools, and Accessories in North America.
NESCO created the UEO division three years ago to offer parts, tools and accessories (PTA) to utility, rail, communication and other specialized industries. NESCO will continue to offer service, support, and repair of all Bethea Tool and Equipment products.
“Bethea Tool and Equipment customers will continue to get the service they have come to expect, while allowing us to expand availability nationwide through NESCO’s sales, service and supply network in North America,” said Kent Upton, president of Utility Equipment Outfitters.
“The Bethea organization is excited about our opportunity to become part of NESCO. We look forward to a bright and prosperous future with NESCO as a partner to help grow our business,” said Bobby Allen, president of Bethea Tool and Equipment.