Custom Truck One Source completed the acquisition of HiRail Leasing Group for $46m.

Custom Truck One Source, a single-source provider of specialized truck and heavy equipment solutions, completed the acquisition of HiRail Leasing Group, a rail equipment rental provider, for $46m. “We are excited to welcome HiRail to the Custom Truck team. This acquisition allows us to accelerate growth in our core rental business. We will leverage our one stop shop capabilities in rental, sales, equipment upfitting, and service to meet the critical equipment needs of new and existing customers across Canada. We are impressed with the business HiRail has built in Canada and look forward to working with all of their existing employees,” Fred Ross Custom Truck CEO.