Mergers, acquisitions, entries and exits
NESCO to acquire N&L Line Equipment
July 4, 2018 - NESCO, LLC announced today that it has completed the acquisition of N&L Line Equipment. N&L manufactures many products related to the live-line maintenance of electric utility lines. The N&L offering includes transmission tools up to 800 kV, substation maintenance tools, as well as distribution hotline tools.
N&L has paired the manufacturing of their premium line of tools with a industry leading rubber testing laboratory and tool repair service. They have the capability to test and certify all types of insulating rubber goods and insulated tools, as well as repair and refurbish all commonly used tools, hot sticks, and grounds. N&L also offers calibration services for dynamometers, gas monitors, voltage detectors. For customers needing new tools, N&L is a top-line distributor for many of the most recognized brands in the industry, along with offering a custom ground and jumper manufacturing service, to exactly meet the needs of their customers.
NESCO customers will also receive access to N&L’s state of the art tracking and reporting software, which allows their customers to see the status or history of any order, repair, or calibration in real-time, and communicate directly with the technician assigned to each individual item. This software is accessible anywhere, through any device with an internet connection.
N&L Line Equipment’s main facility is located in Poulsbo, Washington, just west of Seattle.
N&L Line Equipment will become part of NESCO’s Utility Equipment Outfitters (UEO) division, accelerating growth to be an even more comprehensive resource for parts, tools and accessories for powerline professionals in North America today. In 2015, NESCO created the UEO division to focus on offering parts, tools and accessories (PTA) to the Utility, Rail and Communication markets, as well as other specialized industries. This acquisition will now make UEO a better rental, sales and online resource in providing all the PTA needs for these specialty markets.
According to Lee Jacobson, CEO of NESCO; “I was thoroughly impressed the first time I visited the N&L facility. It is a first-class operation Nick Bair has developed. The N&L package offers tools and services that are essential to satisfying today’s demands for servicing the utility grid. Our customers will certainly benefit from the acquisition.”
Kent Upton, President of UEO; “The newly created partnership with N&L will add key elements to the UEO/NESCO offerings in products, services, as well as geographic coverage. N&L brings the same dedication to supplying first-in-class products and customer service as the entire NESCO organization. N&L is a great fit and will be a key element in driving NESCO’s vision of being a complete supplier to our current and prospective customers.”
Nichols Bair former Owner & President of N&L now Vice President, GM of N&L added; “Over the years, we have been able to grow our business to better support our customers. We were waiting for the right partner to establish our presence throughout the USA as well as the rest of North America. We feel honored and highly motivated to make this partnership a great success.”
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