About Nesco Specialty
Nesco Specialty is a publicly listed company based in Fort Wayne (United States) founded in 1988, and was acquired by Platinum Equity in June 2011. Provider of equipment rental services. The company has 379 employees. Nesco Specialty has completed 2 acquisitions, including Custom Truck and Truck Utilities. Its chief executive, as recorded, is Lee Jacobson. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services.
Company details
NESCO was founded in 1988 in Fort Wayne, United States, as a provider of equipment rental services within the industrial and construction sectors. Specialty equipment is rented out to support various operational needs, with activities centered on temporary solutions for clients. The company operates primarily in the domestic market, overseen by CEO Lee Jacobson, and maintains an online presence through nescospecialty.com. Focus remains on reliable access to machinery and tools.
- Headquarters Fort Wayne, United States
- Employees 379
- Stage Public
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website nescospecialty.com
- Social LinkedIn X Facebook
- Acquired by Platinum Equity (Jun 2011)
- Latest Funding Round$140M (USD), Post-IPO
Dec 2020
- Investors
- Employee Count379
- Investments & AcquisitionsCustom Truck
& 1 more
- Acquired byPlatinum Equity
(Jun 2011)
Funding Insights of Nesco Specialty
- Total Rounds 1
- Last Round Post-IPO — $140M
- First Round $140M
(Dec 2020)
All 1 funding rounds of Nesco Specialty with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2020 | $140M | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in Nesco Specialty
Nesco Specialty has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Platinum Equity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Platinum Equity is engaged in private equity and credit investments. | platinumequity.com | Beverly Hills, United States |
Investor details for Nesco Specialty
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People of Nesco Specialty
1 people are tracked at Nesco Specialty (1 in leadership); the tracked headcount is 379.
| Name | Role | Group |
|---|---|---|
Lee Jacobson | CEO | Leadership |
Complete people profiles for Nesco Specialty
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Investments & Acquisitions by Nesco Specialty
Nesco Specialty has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Custom Truck and Truck Utilities.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Specialized trucks and heavy equipment are sold, rented, and financed. | customtruck.com | Kansas, United States | 1996 | Dec 2020 | $1.48B | |
Manufacturer and distributor of truck equipment | truckutilities.com | Saint Paul, United States | 1963 | Sep 2019 | $42.2M |
Complete acquisition details for Nesco Specialty
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- Exports
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Timeline of Nesco Specialty
6 dated milestones of Nesco Specialty across 32 years, from founding to its latest funding, stage changes and deals.
- Founded Nesco Specialty is founded.
- Exit Acquired by Platinum Equity.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Truck Utilities.
- Acquisition Acquires Custom Truck.
- Funding First funding round of $140.0M.
Top companies in Contract & Outsourced Manufacturing
3 companies that operate in the same segment as Nesco Specialty (Contract & Outsourced Manufacturing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Designer and producer of intelligent products, automotive electronics manufacturing, and logistics services | 1969 | San Jose, California, United States | USD 5.06 M | USD 27.91 B | 147,980 | |
Equipment and parts for HVAC/R industry are supplied. | 1956 | Miami, Florida, United States | USD 7.24 B | 7,290 | ||
Wood-fired grills are manufactured and supplied by Traeger. | 1987 | Salt Lake City, Utah, United States | USD 559.52 M | 666 |
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Related news about Nesco Specialty
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Frequently Asked Questions about Nesco Specialty
Nesco Specialty was founded in 1988 and raised its 1st funding round 32 years after it was founded.
Nesco Specialty is headquartered in Fort Wayne, United States. It is registered at Fort Wayne, Indiana, United States.
Lee Jacobson is the CEO of Nesco Specialty, as recorded in our data.
Nesco Specialty has 379 employees.
NESCO was founded in 1988 in Fort Wayne, United States, as a provider of equipment rental services within the industrial and construction sectors. Specialty equipment is rented out to support various operational needs, with activities centered on temporary solutions for clients. The company operates primarily in the domestic market, overseen by CEO Lee Jacobson, and maintains an online presence through nescospecialty.com. Focus remains on reliable access to machinery and tools.
Nesco Specialty has made 2 acquisitions, including Custom Truck, and Truck Utilities.
Nesco Specialty has 1 investor. Key investors include Platinum Equity.
Yes. Nesco Specialty was acquired by Platinum Equity in June 2011.