In July 2019, Capitol Investment Corp. IV merged with Nesco, in a transaction valued at approximately $1.1 billion. Nesco is a leading specialty equipment rental provider to the electric utility, telecom and rail end-markets. Nesco offers its specialized equipment to a diverse customer base for the maintenance, repair, upgrade and installation of critical infrastructure assets including electric lines, telecommunications networks and rail systems.
Nesco’s merger with Capitol IV enabled it to pay down debt and refinance its capital structure, providing the flexibility to invest in growing its fleet to capture existing unmet demand and growing end-market demand. Nesco’s common stock is traded on the NYSE under the symbol “NSCO”.
Mark D. Ein serves as Vice Chairman of the Board of Nesco and L. Dyson Dryden serves as a Director.
Announcement Press Release | Investor Presentation | Closing Press Release