NESCO, LLC announces acquisition of Bethea Tool and Equipment Company

NESCO, LLC announced today that it has acquired Bethea Tool and Equipment Company (Bethea). Bethea has manufactured a complete range of Handline Blocks, Stringing Blocks, and Bundle Blocks and other similar products, which have been sold to electrical utilities and contractors worldwide, for over fifty years.

The acquisition includes Bethea's facility and distribution center in Brighton, Tennessee. This location provides 60,000 square feet of warehouse and service space. NESCO plans to maintain significant inventory levels here to assure excellent customer service. Sales, rental and services are also provided from this location just north of Memphis, Tennessee.

Bethea Tool and Equipment Company will become part of NESCO's Utility Equipment Outfitters (UEO) offerings, establishing one of the most complete offerings of Stringing Blocks in North America today. NESCO created the UEO to focus on offering Parts, Tools and Accessories (PTA) to the Utility, Rail, and Communication markets, as well as other specialized industries. UEO offers both the rental of tools and equipment, as well as the sale of new and used products. This acquisition will make UEO one of the largest providers of block rentals, as well as PTA in North America. In addition, NESCO will have the ability to offer highly engineered and specialty designed products to our customer base. NESCO will offer service support and repair of all products that are offered by Bethea, ensuring customers they will continue to get the service they have come to expect, while also expanding nationwide through NESCO's sales, service and supply footprint in North America.

"This is an exciting opportunity to grow our business. This acquisition allows us to continue to grow our offering as the most complete rental and equipment sales company in our industry. This provides us with a great advantage as it will increase our product portfolio with quality equipment and best in class service." said Kent Upton, President of UEO.

Utility Equipment Outfitters (UEO) is a one stop shop for parts, tools and accessories for the Utility, Rail and Communication industries. With an extensive selection of PTA, UEO provides total job-site solutions for safety accessories, auger rentals, hydraulic tooling, roping needs, and much more! NESCO's North American geographic footprint allows UEO to warehouse and stock what you need in-house making the fulfillment process fast and easy. For your convenience, UEO provides total flexibility in outfitting your trucks and crews and offers a variety of customizable toolkits. UEO also understands the pressures of cash allocation, so we make available to qualified customers our handy installment purchase plan.

NESCO Rentals is a leading equipment and service provider for the utility, rail and communication industries, providing aerial devices, boom trucks, cranes, digger derricks, pressure drills, stringing gear, hi-rail equipment, repair parts, tools and accessories. NESCO maintains one of the industry's largest rental fleets and service networks in the country.

Bethea Tool & Equipment Company is one of America's top manufactures of Handline Blocks, Stringing Blocks, and Bundle Blocks which have been sold to electrical utilities and contractors worldwide for over fifty years. Bethea specializes in manufacturing top quality highly engineered products. "Our team provides the best in design, engineering, and manufacturing of these products. The Bethea organization is excited about our opportunity to become part of NESCO. We look forward to a bright and prosperous future, with a company like NESCO, to partner and help grow our business." Said Bobby Allen, President of Bethea.