TRUCKS: Nesco will acquire Custom Truck One Source for $1.475 billion US. Both companies are leading providers of specialized truck and heavy equipment rentals, sales and aftermarket parts and service. The acquisition will serve growing infrastructure end-markets, including transmission and distribution, the 5G revolution build-out as well as rail and other national infrastructure initiatives. The news follows several other logics and infrastructure mergers and acquisitions in recent months.
Media report: https://www.prnewswire.com/news-releases/nesco-holdings-to-acquire-custom-truck-one-source-and-create-leading-specialty-rental-equipment-company-in-partnership-with-platinum-equity-301185662.html
Nesco investor relations release: https://investors.nescospecialty.com/news/news-details/2020/Nesco-Holdings-To-Acquire-Custom-Truck-One-Source-And-Create-Leading-Specialty-Rental-Equipment-Company-In-Partnership-With-Platinum-Equity/default.aspx
CLICKS: London head-quartered brand management and legal services firm MDR has acquired CLICK! Licensing Asia. The acquisition expands upon MDR Brand Management’s presence in Asia and follows the recent opening of three offices across India. The firm has 25 offices around the world.
Media report: https://www.licenseglobal.com/industry-news/mdr-brand-management-acquires-click-licensing-asia
MDR press release: https://mdrbrand.com/mdr-brand-management-continues-rapid-growth-trajectory-with-acquisition-of-click-licensing-asia-inc/
TREES: A recent acquisition in the global lumber market to supply builders and developers in the B2B space comes at a time of global shortages of materials in the B2C sector.
Late last week US Lumber Group, LLC announced it would acquire the Canadian company Alexandria Moulding. The American company, based in Atlanta, is a two-step distributor of specialty building products in the Eastern and Midwestern United States. Alexandria Moulding, based in Alexandria, Ontario, Canada, is a manufacturer and two-step distributor of mouldings and accessories across Canada and the northern US. The sale follows several similar deals in lumber supply chains around the world at the end of November.
US Lumber press release: https://www.prnewswire.com/news-releases/us-lumber-to-acquire-alexandria-moulding-300697158.html
Latest posts by Kate Baggott (see all)
- Cloud Innovations & the Workforce: In Conversation with Brent Weiss - April 18, 2021
- B2B News for Friday, April 16: Fighting Screen Fatigue with Better Animated Videos for Business, Digital Wigs for Virtual Meetings & Gamified Sales Coaching - April 16, 2021
- B2B News for Wednesday, April 14, 2021: Bread and Butter Marketing Conversions Toasted by Negativity, Badly Chosen Influencers & Pineapple Juice - April 13, 2021