NES Rentals invests $150 million in equipment

NES Rentals announced April 28 it has invested more than $150 million in new rental equipment during the past 18 months. The company says its purchases have been consistently climbing over the past couple of years with major investments in all core rental products, including booms, scissor lifts, rough-terrain forklifts, earthmoving equipment, cranes and material handling equipment. “We continue to see steady recovery in our industry as the construction and industrial sectors improve,” said Andrew Studdert, president and chief executive of NES Rentals. “As companies determine their capital spending strategy, many are finding that renting equipment saves capital that can be used to build their core business.”