Abel Womack buys NECO Systems

News Story
- 26 Jan 2023 ( #1112 ) - Lawrence, MA, United States
1 min read
Abel Womack buys NECO Systems
Abel Womack buys NECO Systems

Abel Womack has purchased the assets and customer base of NECO Systems, a Connecticut-based forklift and materials handling organisation for nearly 27 years.

Tom Franceskino, NECO president and former vice president of operations at Womack Material Handling, approached Abel Womack in mid-2022 to discuss his plans to wind down NECO. Franceskino saw Abel Womack as the best choice to purchase NECO assets and hire some of its employees as Abel Womack has three locations throughout New England and metro NYC, with unparalleled resources and capabilities. 

“My positive experience in working with the Abel Womack organisation both as a former employee and as a business ally for nearly 40 years made the decision to have Abel Womack carry on our legacy of superior service an easy one,” Franceskino explains. “When I approached John Croce with our succession plan, he welcomed the offer, and was a pleasure to work with.

“Abel Womack gave us the opportunity to improve on product offerings to our customer base, supporting those customers with the same high-quality service, and provided our team with outstanding career advancement opportunities with the best in the business.”

“We have great respect for Tom and all he and his NECO team have accomplished,” says John Croce, CEO of Abel Womack. “It’s our goal to pick up where NECO left off and, over time, to expand our relationship with former NECO customers via the incredible breadth of materials handling products and services we offer.”

The acquisition allows Abel Womack to add highly sought-after rental and pre-owned inventory to its current fleet, create new relationships with former NECO customers, and add more mobile technicians to provide NECO customers with the unparalleled service they deserve.

“This is our 100th year in business and we can’t be more excited about this transaction and our future,” says Croce.

Briefs
Briefs 10 Jul 2025 - 1 min read
Best Line and Burwell expand in US
Best Line and Burwell expand in US 10 Jul 2025 - United States - 1 min read
Briefs
Briefs 26 Jun 2025 - 1 min read
Do you have materials handling news? Submit your news here

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.

Words of support …

The cooperation with Forkliftaction has been exceptional. It's always a pleasure to work with specialists who know the inside out of the industry

Ane Miren Elorza, Communications Specialist

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Since July 2000, Forkliftaction News has been your guide to the developments that are shaping your industry.

Starting today we are also looking back on some of the key news stories from our extensive news archive.

In the news email and on the website, you'll see links to stories that were 'leading our news' multiple years ago, with topics spanning world-first products, big acquisitions, and major industry shifts.
We hope you enjoy this unique insight into the materials handling industry!

PREMIUM business

Hangzhou Manforce Material Handling Equipment Co., Ltd
Specializing in Nichi and conventional forklift products, we create significant value for all our partners!

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Since July 2000, Forkliftaction News has been your guide to the developments that are shaping your industry.

Starting today we are also looking back on some of the key news stories from our extensive news archive.

In the news email and on the website, you'll see links to stories that were 'leading our news' multiple years ago, with topics spanning world-first products, big acquisitions, and major industry shifts.
We hope you enjoy this unique insight into the materials handling industry!