Nesco Resource Announces Acquisition of PMH Resources
Cleveland, Ohio – November 2, 2009 — Nesco Resource announced today it has acquired PMH Resources, a leading provider of Engineering and IT staffing services in the Central Florida market. Financial terms of the transaction were not disclosed.
“PMH Resources is a great cultural fit for our organization, and brings a quality portfolio of clientele to our company” said Tim McPherson, President of Nesco Resource. “I am very excited to welcome both the PMH staff and consulting employees to our Nesco Engineering and IT organization.”
“Joining forces with Nesco Resource completes one phase of our company’s growth, and opens the doors to the next phase” said Grant Derner, President of PMH Resources. “The combination of PMH and Nesco will offer our clients greater resource capacity and opportunities” stated David Bandelin, Director of Business Development for PMH.
John Tomsich, Chairman of Nesco Resource and President of Nesco, Inc (the diversified holding company and parent of Nesco Resource) states that “Nesco Resource has a long-standing tradition of growth through acquisition, and PMH fits very well into our long-term plans to expand geographically within our Engineering and IT staffing services division”.
J. Thomas Gavin of Gavin Consulting, LLC represented PMH Resources in the completion of this transaction.
About Nesco Resource
NESCO Resource was founded in 1956 in Cleveland, Ohio as an engineering and design firm. NESCO Resource grew by organically growing technical, non-technical staffing services and through strategic acquisitions. Today, NESCO Resource is an industry leader that provides a full range of staffing and consulting solutions with specialties in Engineering & IT, Accounting & Finance, Manufacturing & Distribution, and Administrative & Customer Service. The company’s clients range from dynamic start-up organizations to many leading Fortune 500 companies. www.nescoresource.com
About PMH Resources
Based in Orlando Florida since its founding in 2003, PMH Resources has garnered local and national recognition in the past several years for its’ significant growth in the technical staffing market, culminating in being named the National Business Incubator Association’s (NBIA) Outstanding Incubator client in 2007.
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