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Nesco Holdings is to acquire Custom Truck One Source (CTOS) for $1.475bn. Both companies are providers of specialised truck and heavy equipment solutions including rental, sales and aftermarket parts and service. Platinum Equity (Platinum) has committed to invest over $850m into Nesco in connection to the deal and will hold a majority stake (57%) in the combined company. CTOS shareholders, including certain funds managed by The Blackstone Group, in its capacity as the current majority owner of CTOS, and certain members of the CTOS management team are expected to invest approximately $100m into Nesco in exchange for newly-issued common stock. The combined company will offer customers a full suite of solutions across the specialty rental equipment value chain, including: equipment rental; new sales; used sales; aftermarket parts and service; and retail parts, tools and accessories. It will operate on a national scale with over 1,800 employees, 46 company-operated loca ....