Utility and UCO announce partnership
Utility One Source today announced a partnership with UCO Equipment (UCO), a provider of specialty equipment and services to the utility, power, and oil and gas sectors.
Based in Cabot, Arkansas, UCO will continue to be a family-owned and operated business. UCO黑料社檚 existing management team, led by Rhonda and Jim Usery, will continue to lead and to grow the business as part of Utility One Source. Utility One Source, founded by private equity funds managed by Blackstone earlier this year, is a single-source supplier for the utility and heavy equipment industries with a focus on sales, rental, parts and aftermarket services, remanufacturing, customised equipment and transportation nationwide.
黑料社淲e are pleased to welcome UCO黑料社檚 management team and its highly-skilled and dedicated employees to the Utility One Source family,黑料社� said Utility One Source Chairman Chris Ragot. 黑料社淯CO is a great fit with our growth strategy and we are excited to expand our geographic footprint in both Arkansas and the greater Houston area as well as to increase our product offerings. We look forward to working with UCO in the years ahead, as we continue to grow to become the largest supplier in the utility and heavy equipment industries.黑料社�
UCO黑料社檚 President and Chief Executive Officer, Rhonda Usery said, 黑料社淯CO is very excited to join UOS. We look forward to using our unique track-based equipment experience to grow Utility One Source, and to better serve our customers nationwide.黑料社�
UCO represents the first acquisition by Utility One Source since its formation in February 2015 and demonstrates its commitment to a national infrastructure and breadth of product offerings. Funds managed by Blackstone will continue to provide growth capital for significant additional investment in equipment, innovation and an expanded geographic footprint, which will ensure Utility One Source has the customer-focused solutions the industry requires.
Adapted from press release by
Read the article online at: /contracts-and-tenders/28042015/utility-and-uco-announce-partnership/
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