Indianapolis-based NESCO, LLC says it has acquired Bethea Tool and Equipment Company, a manufacturer of handline, stringing, bundle blocks and similar products used by electrical utilities and contractors worldwide for more than 50 years.
The acquisition includes Bethea Tool and Equipment’s manufacturing facility and distribution center in Brighton, TN. This location provides 60,000 sq. ft. of warehouse and service space.
“The acquisition of Bethea Tool and Equipment solidifies our position as the premier service and equipment provider in utility and specialty rental markets,” Lee Jacobson, NESCO’s CEO, said in a statement. “This acquisition expands our product portfolio, increasing our flexibility in meeting the purchase and rental needs of customers seeking high quality products.”
Bethea Tool and Equipment Company will become part of NESCO’s Utility Equipment Outfitters (UEO) division, making UEO one of the largest providers of block rentals, as well as new and used parts, tools, and accessories in North America.
NESCO created the UEO division three years ago to offer Parts, Tools and Accessories (PTA) to Utility, Rail, Communication, and other specialized industries. The acquisition of Bethea Tool and Equipment expands NESCO’s ability to offer highly engineered and custom-designed products. NESCO will continue to offer service, support, and repair of all Bethea Tool and Equipment products.
