Utility One Source announced the recent acquisition of North American Equipment Upfitters (NAEU), a provider of aerial truck upfitting services to telephone, utility, and cable companies as well as municipalities, private sector crane businesses, and fire apparatus.
Based in Hookset, New Hampshire, NAEU’s existing management continues to provide the Northeast region with exceptional upfitting services while growing the business as part of Utility One Source. Utility One Source, founded by private equity funds managed by Blackstone in 2015, is a single-source supplier for the utility and heavy equipment industries with a focus on sales, rental, parts and service, remanufacturing, and equipment customization.
The addition of North American Equipment Upfitters marks the seventh acquisition under the Utility One Source brand since its formation in February 2015, and is validation of its pledge to build a national footprint and a wide 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.