Platinum Equity-backed Nesco completed the acquisition of Custom Truck One Source for $1.47bn.

Platinum Equity-backed Nesco, one of the largest providers of specialty equipment, parts, tools, accessories and services, completed the acquisition of Custom Truck One Source, a provider of specialized truck and heavy equipment solutions, for $1.47bn. In connection with the Acquisition, the Company has changed its name to Custom Truck One Source, Its shares of common stock will trade on the NYSE under the ticker symbol "CTOS" beginning on April 5, 2021. "We are truly excited about bringing these two great companies together. We believe that our stockholders will realize the benefits of the combination as we create one of the largest specialty rental fleets in the country. Moreover, we are excited to bring a larger platform to our customers and to continue to provide them with the outstanding customer service they have come to expect from both of us," Fred Ross, CTOS Chief Executive Officer.