Custom Truck One Source Acquires SOS Fleet Services

Nesco Holdings and Platinum Equity Acquire Custom Truck One Source for $1.475B

April 1, 2021

Industrial Services

Nesco Holdings, in partnership with an affiliate of Platinum Equity, completed the previously announced acquisition of Custom Truck One Source, L.P. for $1.475 billion and the combined company was renamed Custom Truck One Source, Inc. Platinum Equity became the majority stockholder while certain former CTOS equity holders, including funds managed by Blackstone, retained minority stakes. The combined business creates a leading provider of specialized truck and heavy equipment rental, sales, parts and service focused on infrastructure end markets.

Custom Truck One Source Acquires A&D Maintenance and Repair

April 17, 2024

Industrial Services

Custom Truck One Source, Inc. (NYSE: CTOS) has acquired the business of A&D Maintenance and Repair, a family-owned full-service repair facility in Wyandanch, New York. The deal adds over 20,000 square feet and expands Custom Truck's service capacity and presence on Long Island and in the greater New York City metro area.

Custom Truck One Source Acquires HiRail Leasing Group

January 14, 2022

Transportation

Custom Truck One Source, Inc. (NYSE: CTOS) acquired HiRail Leasing Group — including HiRail Leasing, Northshore Rail Contracting and Heavy Equipment Repairs — for $46.0 million. The deal adds over 600 rental units, two Canadian locations in Ontario and Alberta, and expands Custom Truck’s rental footprint and rail customer relationships in Canada; the purchase was funded with cash on hand and drawings on the company’s credit facility.

The Service Company Acquires Foster's Truck & Trailer

March 10, 2025

Transportation

The Service Company, a Covington, Ohio-based truck and trailer repair and fleet services provider, acquired Foster's Truck & Trailer of Columbus, Ohio. The transaction closed March 10, 2025 and was advised by Generational Group; the acquisition expands The Service Company's service footprint and capabilities in the Columbus market.

FleetPride Acquires OTR Fleet Service LLC

March 18, 2025

Trucking & Fleet

FleetPride, the nation’s largest independent distributor of aftermarket heavy-duty parts and service, has acquired OTR Fleet Service LLC, a Houston-headquartered mobile and fixed-location fleet maintenance provider with service centers in Dallas, Houston and San Antonio and more than 30 mobile units. The acquisition expands FleetPride’s service footprint and mobile maintenance capabilities across key Texas markets and provides OTR customers access to FleetPride’s nationwide parts, digital commerce and training resources.

FleetPride Acquires Nationwide Truck Service of Louisville, Kentucky

January 25, 2022

Trucking & Fleet

FleetPride, Inc. acquired the assets of Nationwide Truck Service, a family-owned heavy-duty truck repair and roadside service provider in Louisville, Kentucky. The deal expands FleetPride’s local service footprint and parts-service integration in Louisville while owner Eric Adkins (and his son Jake) remain involved to support a smooth transition and employee continuity.