04.11.2010

NES to acquire Ballard

US rental company NES Rentals is acquiring aerial lift specialist Ballard Equipment of Chattanooga, Tennessee.

NES which is owned by private equity firm Diamond Castle, is already one of the largest aerial lift rental companies in the country. Ballard adds 300 units to its 30,000 unit fleet of aerial lifts and telehandlers, along with 11 new employees. It will also be the company's sixth location in Tennessee.

NES chief executive Andrew P. Studdert said: “We believe that Jim Ballard and his team have built and operated a very successful aerial rental business in southeast Tennessee. The location, customer base, employees and company culture is a perfect fit for NES”

The deal is expected to close before the end of 2010, and is subject to standard closing conditions.