Nesco Resource Announces Acquisition of Reynolds Technical Services

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Nesco Resource Executing 2011 Growth Strategy through Strategic Acquisitions

Nesco Resource announced today it has acquired certain assets of Reynolds Technical Services, a technical staffing service firm based in Stratford, CT. Financial terms of the transaction were not disclosed.

“We are pleased to welcome Reynolds Technical Services, its employees and clientele to the Nesco Resource organization,” says Tim McPherson, President and COO of Nesco Resource. “Reynolds Technical Services has a long standing reputation of providing quality resources to a wide variety of firms throughout the Connecticut market. We viewed this organization as a strong fit with Nesco Resource, which has been a market leader in Engineering Staffing Services across the United States throughout its history.”

“Nesco Resource was an obvious match for our company in seeking an acquirer,” reports Tom Reynolds, Founder and President of Reynolds Technical Services. “The depth and breadth of the services offered by Nesco Resource will enhance the quality of service provided to our clients and our contract employees. We look forward to working quickly through transition steps to help realize this added value to all of our partners."

Nesco Resource has steadily grown its branch network footprint since 2009, through both organic growth and acquisitions. Nesco Resource is currently ranked #58 overall in the Staffing Industry Analysts 2010 rankings of the Top USA Temporary Staffing firms, and holds a #17 national market position within the Engineering staffing niche.

About Nesco Resource
Nesco Resource was founded in 1956 in Cleveland, Ohio as an engineering and design firm. Today, Nesco Resource is a recognized industry leader that provides a full range of staffing and consulting solutions within the Engineering & IT, Clerical & Light Industrial, Accounting and Finance sectors. Additionally, Nesco offers specialty services such as in-house design and drafting, vendor management solutions, on-site operations and much more. The company’s clients range from dynamic start-up organizations to many leading Fortune 500 companies. Learn more about Nesco Resource at http://www.nescoresource.com.

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Timothy McPherson
Nesco Resource
440-461-6000
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