About Nesco Specialty
Nesco Specialty is a company based in Fort Wayne (United States) founded in 1988 was acquired by Platinum Equity in June 2011.. The company has 379 employees as of December 31, 2022. Nesco Specialty has completed 2 acquisitions, including Custom Truck and Truck Utilities.
- Headquarter Fort Wayne, United States
- Employees 379 as on 31 Dec, 2022
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$140 M (USD), Post-IPO
Dec 21, 2020
- Investors
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Employee Count
379
as on Dec 31, 2022
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Investments & Acquisitions
Custom Truck
& 1 more
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Acquired by
Platinum Equity
(Jun 01, 2011)
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Funding Insights of Nesco Specialty
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $140.0M
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First Round
First Round
(21 Dec 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Post-IPO - Nesco Specialty | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nesco Specialty
Nesco Specialty has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Platinum Equity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Platinum Equity is engaged in private equity and credit investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Specialized trucks and heavy equipment are sold, rented, and financed.
|
1996 | ||||
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Manufacturer and distributor of truck equipment
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1963 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Nesco Specialty
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nesco Specialty Comparisons
Competitors of Nesco Specialty
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Nesco Specialty
When was Nesco Specialty founded?
Nesco Specialty was founded in 1988 and raised its 1st funding round 32 years after it was founded.
Where is Nesco Specialty located?
Nesco Specialty is headquartered in Fort Wayne, United States. It is registered at Fort Wayne, Indiana, United States.
Who is the current CEO of Nesco Specialty?
Lee Jacobson is the current CEO of Nesco Specialty.
How many employees does Nesco Specialty have?
As of Dec 31, 2022, the latest employee count at Nesco Specialty is 379.
What does Nesco Specialty do?
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.
How many acquisitions has Nesco Specialty made?
Nesco Specialty has made 2 acquisitions, including Custom Truck, and Truck Utilities.
Who are Nesco Specialty's investors?
Nesco Specialty has 1 investor. Key investors include Platinum Equity.