Author Archives: Wesley Useche

Custom Truck One Source Opens New Location in Utah to Meet Growing Demand

Kansas City, Mo., April 29, 2024 – (BUSINESS WIRE) – Custom Truck One Source, Inc. (NYSE: CTOS), a leading provider of sales, rental and service for specialized equipment, announced today the opening of a new location in Ogden, Utah. The new facility will enhance Custom Truck’s ability to offer its full range of equipment, parts and services to customers in the greater Salt Lake City market and broader Western region.

This location in Ogden, Utah, situated north of Salt Lake City, adds 10,000 square feet of space and five service bays to the Company’s national footprint. The facility will also serve as a sales and rental hub in the area, providing access to Custom Truck’s full line of equipment for the electric utility, telecommunications, rail, forestry, refuse and vocational industries.

“We are excited to open our new location in Ogden and expand our presence in this market,” said Ryan McMonagle, CEO of Custom Truck. “Salt Lake City was recently named as one of the fastest growing cities in the US. We look forward to assisting customers in the market with the equipment they need to build the infrastructure to support this growth. We believe this new location will serve as a strategic asset to support the utility infrastructure buildout taking place in the region over the coming years. We look forward to serving our existing and new customers in the region with all of the equipment they need to get the job done,” McMonagle added.

ABOUT CUSTOM TRUCK ONE SOURCE

Custom Truck One Source is one of the largest providers of specialty equipment, parts, tools, accessories and services to the electric utility transmission and distribution, telecommunications and rail markets in North America, with a differentiated “one-stop-shop” business model. CTOS offers its specialized equipment to a diverse customer base for the maintenance, repair, upgrade and installation of critical infrastructure assets, including electric lines, telecommunications networks and rail systems. The Company’s coast-to-coast rental fleet of more than 10,300 units includes aerial devices, boom trucks, cranes, digger derricks, pressure drills, stringing gear, hi-rail equipment, repair parts, tools and accessories. For more information, please visit customtruck.com.

INVESTOR CONTACT

Brian Perman, Vice President, Investor Relations

816-723-7906

[email protected]

Custom Truck One Source Wins Capstone Real Estate Award

Truck and heavy equipment leader Custom Truck One Source wins Kansas City Business Journal award for $35 million historical warehouse renovation on its headquarter campus

KANSAS CITY, Mo., April 2, 2024 – (BUSINESS WIRE) – Custom Truck One Source, Inc. (NYSE: CTOS) was recently recognized with a Capstone Award by the Kansas City Business Journal for the Company’s $35 million renovation of a 220,000-square-foot warehouse located on the former site of Kansas City’s Armco Steel plant, which is now part of Custom Truck’s 175-acre headquarter campus.

The renovated building was part of the historic factory that closed in 2001 and which is now undergoing an overall adaptive reuse transformation. Custom Truck revamped the building to house its Fabrication & Crane Manufacturing; Paint & Powder Coating; and Parts, Tools and Accessories departments.

The site, which has been used by various manufacturers since the late 1800s, was taken over by Armco Steel in 1930 and approximately 4,500 were employed at the plant’s century-old warehouses, including Building H, during its peak usage in the 1950s.

Today, Custom Truck employs close to 1,000 people on its overall headquarters site and executives expect to add approximately 100 positions at Building H this year, including machinists, welders, painters, assemblers, and materials operators.

The work is part of an ongoing renovation of Custom Truck’s campus, which Company founder Fred Ross and his family purchased in 2005. Since then, Custom Truck has grown from 250 employees and one location to a leading North American specialty truck and heavy equipment provider with more than 2,500 employees in nearly 40 facilities.

Custom Truck last won a Capstone award in 2019 for the renovation of a 119,000-square-foot production facility also from the early 1900s.

 

ABOUT CUSTOM TRUCK ONE SOURCE
Custom Truck One Source is one of the largest providers of specialty equipment, parts, tools, accessories and services to the electric utility transmission and distribution, telecommunications and rail markets in North America, with a differentiated “one-stop-shop” business model. CTOS offers its specialized equipment to a diverse customer base for the maintenance, repair, upgrade and installation of critical infrastructure assets, including electric lines, telecommunications networks and rail systems. The Company’s coast-to-coast rental fleet of more than 10,300 units includes aerial devices, boom trucks, cranes, digger derricks, pressure drills, stringing gear, hi-rail equipment, repair parts, tools and accessories. For more information, please visit customtruck.com.

Custom Truck One Source Acquires the Business of SOS Fleet Services, LLC, Expanding Gulf States Footprint and Service Capabilities

Kansas City, Mo., March 18, 2024 – BUSINESS WIRE – Custom Truck One Source, Inc. (NYSE: CTOS) proudly announces its acquisition of the business of SOS Fleet Services, LLC, a full-service repair facility located in Alexandria, Louisiana. This acquisition brings over 30,000 square feet of space and a highly experienced team that will significantly enhance Custom Truck’s service footprint in the region. Our new Alexandria branch is poised to offer the full breadth of Custom Truck’s rental product offering, as well as repair service, to customers in the area.

This acquisition, along with the recently announced 2024 planned branch openings in Casa Grande, AZ, Sacramento, CA and Salt Lake City, UT, will increase Custom Truck’s national footprint to 39 locations, from its previous 35.  Our footprint expansion will enable us to better serve our customers, ensuring readiness and capability to meet their needs.

Ryan McMonagle, CEO of Custom Truck One Source, highlighted the significance of the acquisition, saying, “The acquisition of the business of SOS Fleet Services marks an important step in our continued efforts to expand our footprint to better serve our rental fleet and our customers. We are thrilled for the opportunity to expand into Alexandria, a vibrant community that has deep roots in the powerline industry.  We are excited to welcome the SOS Fleet Services team to the Custom Truck family and look forward to the invaluable contributions they will make to our customers and our team.”

ABOUT CUSTOM TRUCK ONE SOURCE
Custom Truck One Source is one of the largest providers of specialty equipment, parts, tools, accessories and services to the electric utility transmission and distribution, telecommunications and rail markets in North America, with a differentiated “one-stop-shop” business model. CTOS offers its specialized equipment to a diverse customer base for the maintenance, repair, upgrade and installation of critical infrastructure assets, including electric lines, telecommunications networks and rail systems. The Company’s coast-to-coast rental fleet of more than 10,300 units includes aerial devices, boom trucks, cranes, digger derricks, pressure drills, stringing gear, hi-rail equipment, repair parts, tools and accessories. For more information, please visit customtruck.com.

INVESTOR CONTACT

Brian Perman, Vice President, Investor Relations

816-723-7906

[email protected]

Load King and Custom Truck One Source to Showcase Electric and Hybrid Innovations at NTEA Work Truck Week 2024

Kansas City, Mo., February 28, 2024 – (BUSINESS WIRE) — Load King and Custom Truck One Source, Inc. (NYSE: CTOS) are proud to announce their participation in the upcoming NTEA Work Truck Week, taking place from March 5-8, 2024, at the Indiana Convention Center, Indianapolis, Indiana. This premier industry show serves as a platform for participating companies to exhibit their latest advancements in electric vehicle and hybrid technology.

Attendees are invited to visit Booth 4101 to explore a range of pioneering equipment designed to set new standards in operational efficiency and environmental sustainability in the work truck sector.

Exhibition Highlights Include:

  • Load King 10’ Dump Truck: Mounted on the Battle Motors LNT BEV 4X2 electric chassis with Load King’s Lightning PTO (ePTO), this truck represents the pinnacle of dual-electric technology, maximizing driving distance and battery performance from the BEV, combining a 20-ton lift cylinder, a 50-degree dump angle, and a dual cylinder pneumatic gate release for unmatched performance.
  • Galbreath SLCH: Also utilizing the Battle Motors LNT BEV 4X2 electric chassis, this loaded container handler is designed to safely transport loaded FEL and REL containers at highway speed, by bringing the containers on the chassis, above the rear axle. The SLCH also has 270-degrees of rotation for dumping loaded containers into a 30-yard dumpster.
  • Load King Voyager® I, 11’ Mechanics Truck: This unit showcases a hybrid solution with the Lightning PTO and Bergstrom eCoolPark electric, AC Cooling system. The hydraulic equipment and cooling system can run off the ePTO, or the crane and compressor can run off the standard PTO and pump. This mechanics truck is equipped with a Voyager® I mechanics body, a Load King Stinger 7522 hydraulic telescopic crane with 7500 lbs capacity and a hydraulic LK40P air compressor.
  • Load King Stinger Telescopic Crane, Model 3215 EH: Offering 3,200 lbs maximum lift capacity and a 10,000-ft-lb rating, this crane extends up to 15’ and has a standard feature radio remote control demonstrating Load King’s commitment to innovation and safety.
  • Load King 402 DFP Folding Trailer: Featured in the Ride+ Drive Event on March 6-7, this folding trailer pairs with the Battle Motors Low Narrow Tilt (LNT) EV Tractor. It boasts a 25 Ton capacity, 48 ft length, and 10’1” spread axle, equipped with air ride suspension and height control, showcasing Load King’s legacy as a pioneer in the Folding Gooseneck Trailer market.

Join us at NTEA Work Truck Week 2024 to experience the future of the work truck industry and discover how Load King and Custom Truck One Source are driving progress through innovation.

ABOUT LOAD KING
For decades Load King has been producing first-class heavy equipment. Cutting-edge innovation and engineering excellence make us the market leader. Load King is a vital part of the Custom Truck One Source family of brands, offering standard and custom trailers, vocational equipment, and a full line of boom trucks and truck cranes. For more information, please visit Load King’s website: loadkingmfg.com.

ABOUT CUSTOM TRUCK ONE SOURCE
Custom Truck One Source is one of the largest providers of specialty equipment, parts, tools, accessories and services to the electric utility transmission and distribution, telecommunications and rail markets in North America, with a differentiated “one-stop-shop” business model. CTOS offers its specialized equipment to a diverse customer base for the maintenance, repair, upgrade and installation of critical infrastructure assets, including electric lines, telecommunications networks and rail systems. The Company’s coast-to-coast rental fleet of more than 10,300 units includes aerial devices, boom trucks, cranes, digger derricks, pressure drills, stringing gear, hi-rail equipment, repair parts, tools and accessories. For more information, please visit customtruck.com.