NES Rentals Sold

September 28, 2010

Crain's Chicago Business reports that NES Rentals will be purchased by private equity firm Diamond Castle Holdings for $850 million. Diamond Castle expects to retain the company's name, chief executive and main product lines, which include construction equipment, aerial-work platforms and portable traffic safety equipment. Chicago-based NES emerged from bankruptcy protection in February 2004 and put itself up for sale last January. NES shareholders were scheduled to vote on the sale June 23.