M&A Deal Summary

Custom Truck One Source Acquires Custom Truck One Source

On December 3, 2020, Custom Truck One Source acquired machinery company Custom Truck One Source for 1.5B USD

Acquisition Highlights
  • This is Custom Truck One Source’s 1st transaction in the Machinery sector.
  • This is Custom Truck One Source’s largest (disclosed) transaction.
  • This is Custom Truck One Source’s 2nd transaction in the United States.
  • This is Custom Truck One Source’s 1st transaction in Missouri.

M&A Deal Summary
Date 2020-12-03
Target Custom Truck One Source
Sector Machinery
Buyer(s) Custom Truck One Source
Deal Type Add-on Acquisition
Deal Value 1.5B USD
Advisor(s) Citigroup Investment Banking (Financial)
Kirkland & Ellis (Legal)

Target

Custom Truck One Source

Kansas City, Missouri, United States
Custom Truck One Source is a provider of specialized truck and heavy equipment solutions to the utility, telecommunications, rail, and infrastructure markets in North America. CTOS solutions include rentals, sales, aftermarket parts and service, equipment production, manufacturing, financing solutions, and asset disposal. With vast equipment breadth, CTOS' team of experts service its customers across an integrated network of 26 locations across North America. Custom Truck One Source was formed in 2018 and is based in Kansas City, Missouri.

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Buyer(S) 1

Buyer

Custom Truck One Source

Kansas City, Missouri, United States

website

Category Company
Sector Business Services
Employees380
Revenue 302M USD (2020)
DESCRIPTION

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 is based in Fort Wayne, Indiana.

DEAL STATS #
Overall 2 of 5
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (Missouri) 1 of 1
Country (United States) 2 of 4
Year (2020) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 Truck Utilities

Kansas City, Kansas, United States

Truck Utilities, Inc. is a specialty rental, service, and truck up fitting company serving the electric transmission, distribution, telecom, and other regional end-markets. Truck Utilities is based in Kansas City, Kansas.

Buy $42M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-14 HiRail Leasing Group

Acheson, Alberta, Canada

HiRail Leasing Group is a rail equipment rental provider. HiRail Leasing Group is based in Acheson, Alberta.

Buy $46M
Mergr

Product

Company

Legal