Volvo Rents Acquires Nelico

April 13, 2012

Volvo Rents has acquired Nelico Equipment Service and Supplies in Wyoming, one month after Volvo Rents opened its first Wyoming rental center in Cheyenne. The move puts the company “in excellent position to grab a bigger piece of the rental pie that is currently up for grabs in Wyoming,” according to the announcement.

Nelico has three stores, with construction equipment rental showrooms in Mills and Rock Springs, and a contractor supply location in Casper.

“Generally, in any market where oil and gas drilling is taking place, we’re seeing an uptick in rentals,” said Mike Crouch, VP of business development for Volvo Rents, noting Wyoming’s mineral commodities which include coal, natural gas, coalbed methane, crude oil, uranium and trona. “This obviously puts us in a very favorable position as we continue to expand our footprint throughout Wyoming.”

In addition to Volvo Rents’ line of Volvo compact equipment, the 7,000-square-foot rental center carries a comprehensive line of essential equipment and tools for the construction, commercial, industrial and homeowner markets. The focus is on daily, weekly and monthly rentals.

“I have great admiration for the integrity of the Volvo Rents management team and their commitment to local decision-making. The company’s culture of taking care of its employees and customers made becoming part of Volvo Rents an attractive and easy decision,” said Carl Nelson, who founded Nelico in 1994. “Volvo Rents is embarking on a significant expansion and I look forward to helping facilitate that growth.”

Nelson will remain active with the operations/management of all three locations as general manager. All 30 of Nelico’s employees will remain employed by Volvo Rents.

Source: Volvo Rents