FORT WAYNE, Ind., May 21,
2020 /PRNewswire/ -- Nesco Holdings, Inc. (NYSE: NSCO, "Nesco" or
the "Company"), a leading provider of specialty rental equipment to
the electric utility, telecom, and rail infrastructure end-markets,
announced today that it has named Mike
Turner as President of its Parts, Tools and Accessories
("PTA") division. Mr. Turner will join Nesco on June 1, 2020.
Mr. Turner comes to Nesco from Anixter, a leading global
distributor, where he most recently held the title of Regional Vice
President of the Mountain Region. During his twenty-five year
career at Anixter, Mike held a number of leadership positions
across multiple divisions in the areas of management, sales and
finance. In addition to Mike's career accomplishments, he earned an
MBA from the Kellogg School of Management at Northwestern University.
In his role as President of the PTA division, Mr. Turner will be
responsible for driving continued future growth of Nesco's Parts,
Tools and Accessories business.
"The continued expansion of our PTA business requires a proven
results-oriented leader to implement our national growth
strategies. We believe Mike is perfectly placed for this new
role, and will be a great addition to our leadership team," said
Lee Jacobson, Chief Executive
Officer of Nesco.
ABOUT NESCO
Nesco is one of the largest providers of specialty equipment,
parts, tools, accessories and services to the electric utility
transmission and distribution, telecommunications and rail markets
in North America. 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
coast-to-coast rental fleet of over 4,600 units includes aerial
devices, boom trucks, cranes, digger derricks, pressure drills,
stringing gear, hi-rail equipment, repair parts, tools, and
accessories. For more information, please
visit investors.nescospecialty.com.
FORWARD-LOOKING STATEMENTS
This press release includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995 and within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and Section 27A of the Securities Act of 1933, as
amended. When used in this press release, the words
"estimates," "projected," "expects," "anticipates," "forecasts,"
"plans," "intends," "believes," "seeks," "may," "will," "should,"
"future," "propose" and variations of these words or similar
expressions (or the negative versions of such words or expressions)
are intended to identify forward-looking statements. These
forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside Nesco's management's control,
that could cause actual results or outcomes to differ materially
from those discussed in this press release. This press release is
based on certain assumptions that Nesco has made in light of its
experience in the industry as well as Nesco's perceptions of
historical trends, current conditions, expected future developments
and other factors Nesco believes are appropriate in these
circumstances. As you read and consider this press release, you
should understand that these statements are not guarantees of
performance or results. Many factors could affect Nesco's actual
performance and results and could cause actual results to differ
materially from those expressed in this press release. All
forward-looking statements attributable to Nesco or persons acting
on their behalf are expressly qualified in their entirety by the
foregoing cautionary statements. Important factors, among others,
that may affect actual results or outcomes include: the impact of
the COVID-19 pandemic on Nesco's business and operations as well as
the overall economy; Nesco's ability to execute on its plans to
develop and market new products and the timing of these development
programs; Nesco's estimates of the size of the markets for its
solutions; the rate and degree of market acceptance of Nesco's
solutions; the success of other competing technologies that may
become available; Nesco's ability to identify and integrate
acquisitions, including Nesco's ability to integrate its
acquisition of Truck Utilities and realize the anticipated benefits
thereof; the performance and security of Nesco's services;
potential litigation involving Nesco; and general economic and
market conditions impacting demand for Nesco's services. For a more
complete description of these and other possible risks and
uncertainties, please refer to Nesco's Annual Report on Form 10-K
for the year ended December 31, 2019,
as filed with the Securities and Exchange Commission on
March 16, 2020, as updated by Nesco's
quarterly reports on Form 10-Q.
Contact:
Robert Blackadar
260.824.7093
Robert.Blackadar@nescorentals.com
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SOURCE Nesco Holdings, Inc.