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NESCO LLC, a provider of specialty rental equipment for the electric power transmission and distribution (T&D) industry serving contractors and utilities that perform installation, maintenance, upgrade and repair services on T&D infrastructure, has acquired Utility Equipment Leasing Corp. (UELC) from Utility Equipment Holding Co., pursuant to a stock purchase agreement.

NESCO, acquired by Platinum Equity in October 2011, is a North American provider of specialty rental equipment for the electric power transmission and distribution industry. UELC, which provides lease and rental solutions for utility trucks and related equipment, was founded in 1967 as a sister company of DUECO Inc.

According to the companies, the UELC acquisition adds more than 500 units to NESCO's existing fleet and will expand NESCO's branch footprint into California and Texas. Financial terms of the transaction were not disclosed.




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