Investigation of Potential Action on Behalf of Nesco Holdings, Inc. (NYSE: NSCO) Shareholders
Nesco Holdings, Inc. (“Nesco”) provides specialty equipment, parts, tools, accessories, and services to the electric utility transmission and distribution, telecommunications, and rail markets in North America.
Kessler Topaz Meltzer & Check, LLP, (“Kessler Topaz”) is investigating claims on behalf of current shareholders of Nesco related to its recently-announced agreement to acquire Custom Truck One Source (“CTOS”) for a purchase price of $1.475 billion and an $850 million equity investment from an affiliate of Platinum Equity, LLC (the “Merger”). The Platinum Equity LLC investment will be in exchange for newly issued common shares of Nesco priced at $5.00 a share. In addition, some existing shareholders of CTOS, including current CTOS majority owner The Blackstone Group Inc., are expected to invest $100 million in Nesco, also in exchange for newly issued common shares of Nesco priced at $5.00 a share. Kessler Topaz is investigating whether Nesco’s Board of Directors breached their fiduciary duties to Nesco shareholders in connection with the Merger.
If you currently own shares of Nesco Holdings, Inc. (NYSE: NSCO) and would like to learn more about our investigation, please fill out our online form or contact James Maro, Esq. or Adrienne Bell, Esq. today toll free at 1-844-887-9500 or info@ktmc.com.
CONTACT: Kessler Topaz Meltzer & Check, LLP James Maro, Esq. or Adrienne Bell, Esq. 280 King of Prussia Road Radnor, PA 19087 1-844-887-9500 (toll free) or 1-610-667-7706 Or by e-mail at info@ktmc.com