Custom Truck One Source Acquires the Business of A&D Maintenance and Repair, Expanding New York Footprint and Service Capabilities
April 17 2024 - 11:08AM
Business Wire
Custom Truck One Source, Inc. (NYSE: CTOS) proudly announces its
acquisition of the business of A&D Maintenance and Repair.
Founded in 1986, A&D Maintenance is a family-owned,
full-service repair facility located in Wyandanch, New York on Long
Island.
This acquisition adds over 20,000 square feet of space and a
highly experienced team that significantly expands Custom Truck’s
presence and service capacity on Long Island and in the greater New
York City metro area. Our new Wyandanch branch is poised to offer
the full breadth of Custom Truck’s product offering, as well as
repair services, to customers in the region.
“We are excited to join forces with the A&D Maintenance and
Repair team and welcome them to Custom Truck One Source,” said Ryan
McMonagle, CEO of Custom Truck. “A&D Maintenance is a
family-owned and operated business and we saw an immediate cultural
fit. The Fliegels have built a fantastic business over the past 30
years and we look forward to building on their legacy. A&D
Maintenance has provided Custom Truck with high quality repair
service in the past and we look forward to bringing their wealth of
knowledge and experience to our team. I’m confident their services
and customer relationships will complement our existing offerings
and allow us to better serve all customers in the region.”
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240417334643/en/
INVESTOR CONTACT Brian Perman, Vice President, Investor
Relations 816-723-7906 investors@customtruck.com
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