NESCO LLC has acquired V&H Leasing Services from V&H Inc. The acquisition will bring V&H’s rail rental business to NESCO’s newest division, NESCO Specialty Rentals. NESCO created the NESCO Specialty Rentals division in January to focus its equipment offerings in the rail, lighting, sign, telecom, as well as other specialized industries.
The acquisition will make the NESCO Specialty rail rental fleet the second largest rental fleet serving the rail industry, NESCO said. Also NESCO and V&H have entered into a new equipment supply and fleet services agreement. NESCO will gain the coverage of V&H’s service support and repair facilities ensuring customers that they will continue to get strong service, while also expanding nationwide through NESCO’s large service footprint.
V&H brings 50 years of rail industry upfit and service experience to the supply agreement.
“We are thrilled to have acquired V&H’s rental business and equally excited about the opportunity to partner with them on the supply of equipment and service for our rental fleet,” said Lee Jacobson, CEO of NESCO. “The acquisition creates a fleet size that will allow us to address the rental needs of any customer in the industry, renting high quality equipment manufactured by V&H.”
“This is an exciting opportunity to grow our specialty rental business,” added Tim Bryan. “The agreement allows us to continue to partner with V&H as our upfitter and service provider while we focus our efforts to grow our rental business. This provides us with a great advantage as it will increase our national footprint with quality equipment and best in class service.”
NESCO Rentals, No. 24 on the RER 100, provides aerial devices, boom trucks and cranes, diggers, pressure drills, stringing gear, repair parts, tools and accessories. V&H is a material handling truck equipment manufacturer, specializing in building heavy-duty vocational trucks for the building products, railroad and commercial markets.