Nesco acquires portion of Terex Utilities fleet

Indiana-based Nesco Sales and Rentals has acquired a portion of Terex Utilities' rental fleet. Terms of the deal have not been released.

Nesco, backed by private equity firm Hammond Kennedy Whitney & Co. in Indianapolis, rents equipment to the electric and telecom utility industries. The acquired fleet from Terex is located in the western region of the US.

"This acquisition represents a significant western expansion of our national footprint," said Rob Troxel, chief executive officer of Nesco, in a written statement. "It accomplishes one of our strategic goals as we strive to better serve our existing customers and reach out to new customers."