12.20.10 NES Rentals Completes Pu...se Of Ballard Equipment
FOR IMMEDIATE RELEASE
NES Rentals Completes Purchase Of Ballard Equipment
CHICAGO, IL, December 20, 2010 - NES Rentals Holdings, Inc., a Diamond Castle company and one of the largest aerial equipment rental providers in the country, today announced that it has completed its purchase of Ballard Equipment in Chattanooga, TN. Ballard Equipment has 12 employees and 300 pieces of equipment.
"The team at Ballard Equipment has built a valuable organization and we are delighted to welcome them to the NES Rentals team," stated Andrew P. Studdert, NES Rentals Chairman and Chief Executive Officer. "We are confident their southeast Tennessee customers will be pleased with the high level of customer service and diverse product offerings at NES."
Jim Ballard, founder of Ballard Equipment, will remain with the organization as will all of the company's employees.
"This is a tremendous opportunity for the team at Ballard Equipment," stated Ballard. "We have joined an organization that values our ability to treat our customers with the level of service they prefer from a small organization, but with the broad product lines and expertise found at a larger operation with national reach."
Ballard Equipment began officially operating as the Chattanooga branch of NES Rentals today. The terms of the acquisition were not disclosed.
About NES Rentals Holdings, Inc.
NES Rentals Holdings, Inc. is one of the largest companies in the $25 billion equipment rental industry. The company specializes in renting aerial equipment to industrial and construction end-users. It rents and distributes new equipment for nationally recognized original equipment manufacturers. NES Rentals also sells used equipment as well as complementary parts, supplies and merchandise, and provides repair and maintenance services to its customers. The company is a leading competitor in many of the geographic markets it reaches with more than 70 locations in 27 states. For more information on NES Rentals, visit www.nesrentals.com.
Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements that invoke known and unknown risks, uncertainties, and other factors that may cause our actual results, performance or achievements to be materially different from those projected in forward-looking statements made by, or on behalf of, us. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," "projects," "intends," "prospects," "priorities," or the negative of such terms or similar terminology.