Capitol Investment Corp IV to merge with Energy Capital Partners-backed Nesco in a $1.1bn deal.

Capitol Investment Corp IV, a public investment vehicle owned by Mark Ein, acquired Nesco, a leading provider of specialty rental equipment to the electric utility, telecom and rail end-markets, from private equity firm Energy Capital Partners for $1.1bn. "We work hard to set ourselves apart from other investment vehicles by scouring the world for outstanding companies where our team, and our capital, can be a catalyst to accelerate growth and then we actively engage with the businesses post-merger to help execute the business plan and create substantial long-term shareholder value. Nesco perfectly fits our model as it is uniquely positioned to benefit from the increased demand for its equipment as the result of the significant, consistent growth in infrastructure spending in each of its core end-markets – electric utility transmission and distribution, 5G deployment and rail development," said Mark Ein, Chairman and CEO of Capitol.