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

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.