Custom Truck One Source

Nesco Holdings announced a definitive agreement to acquire Custom Truck One Source for $1.475 billion. Platinum Equity will invest over $850 million in Nesco, and the combined company will be a leading provider of specialty rental equipment for infrastructure end-markets.

Custom Truck One Source moved from its Midland location to a larger 16,200-square-foot facility in Odessa, Texas, to meet increasing customer demand. The new facility has six full-service bays and a retail parts counter.

Custom Truck One Source acquired Great Pacific Equipment, a distributor of construction and utility equipment with offices in Fontana and Bakersfield, California. The acquisition expands Custom Truck's footprint into the western US.

Custom Truck One Source has entered into an exclusive partnership with Tornado Global Hydrovac, making Custom Truck the single distributor for Tornado products in the United States. Custom Truck will increase its Tornado fleet and offer parts and services across all locations.

Custom Truck One Source announced it will expand its operations in Sedalia, Missouri, dedicating its existing facility and an additional 28,000 square feet in Thomas Meadows Industrial Park to its OEM subsidiary Load King. The expansion will add capacity to upfit up to 1,000 additional vocational trucks per year and create 25 to 35 new jobs.