Custom Truck One Source - M&A Summary and Business Overview

Business ServicesCompany

Custom Truck One Source M&A Summary

Custom Truck One Source has acquired 5 companies, including 5 in the last 5 years.

Custom Truck One Source’s largest acquisition to date was in 2020, when it acquired Custom Truck One Source for $1.5B. Custom Truck One Source has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include business services (60%) and automotive (20%).

Custom Truck One Source Business Overview

Where is Custom Truck One Source headquartered?

Custom Truck One Source is headquartered in Kansas City, Missouri.

What is Custom Truck One Source’s revenue?

Custom Truck One Source disclosed revenue of 1,865M USD for 2023 and 1,573M USD for 2022.

How many employees does Custom Truck One Source have?

Custom Truck One Source has 2,580 employees.

What sector is Custom Truck One Source in?

Custom Truck One Source is a business services company.

When was Custom Truck One Source founded?

Custom Truck One Source was founded in 1988.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity5
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Advisors 2

Custom Truck One Source

Custom Truck One Source, Inc.

7701 Independence Avenue Suite 220,
Kansas City, Missouri 64125
United States,
(877) 320-2338
www.customtruck.com

Custom Truck One Source is a provider of rental fleets and service networks. Custom Truck One Source inventory includes aerial devices, cranes, diggers, drills, and stringing gear, to blocks, aftermarket parts, tools, and accessories. Custom Truck One Sources was founded in 1988 is based in Kansas City, Missouri.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 1 1 - 1 - 2 5
vol $42M $1.5B $46M $1.6B
Sell (0.0/yr) # - - - - - - 0
  5

Most Recent M&A

Company Date Value Type
A&D Truck & Trailer Maintenance and Repairs 2024-04-17 - Add-on Acquisition
Wyandanch, New York · www.admaintenanceandrepairs.com
SOS Fleet Services LLC 2024-03-18 - Add-on Acquisition
Alexandria, Louisiana · www.sosfleet.com
HiRail Leasing Group 2022-01-14 46M USD Add-on Acquisition
Acheson, Alberta · www.hirailleasing.com
Custom Truck One Source (old) 2020-12-03 1.5B USD Add-on Acquisition
Kansas City, Missouri
Truck Utilities, Inc. 2019-09-23 42M USD Add-on Acquisition
Kansas City, Kansas · www.truckutilities.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 3 (60%) 88M (6%) - -
Automotive 1 (20%) - - -
Machinery 1 (20%) 1.5B (94%) - -
Total 5 $1.6B - -

By Geo

State/Country Buy Value Sell Value
United States 4 1.5B - -
  New York 1 - - -
  Missouri 1 1.5B - -
  Louisiana 1 - - -
  Kansas 1 42M - -
Canada 1 46M - -
  Alberta 1 46M - -
Domestic 4 (80%) 1.5B (97%) - -
Cross-border 1 (20%) 46M (3%) - -
Total 5 $1.6B - -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
 1
Legal Deals
Latham & Watkins
 1

Deal Values

buy # Total
> $1B 1 $1.5B
< $100M 2 $88M
TOTAL $1.6B
Largest Custom Truck One Source (old)
$1.5B (2020-12-03)

Company Summary

SECTOR

Business Services

Revenue

1,865   19% 2023
1,573   35% 2022
1,167   287% 2021
302   15% 2020
264   8% 2019
246   21% 2018
204   10% 2017
187   2016
(millions of USD) Show More Show Less

Employees

2,580

Established

1988

Public

NYSE: CTOS

Former Name

Nesco Holdings, Inc.

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