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Custom Truck One Source (CTOS) acquires A&D Maintenance and Repair, expanding its presence in New York. The acquisition brings a 20,000 square feet facility and experienced team, enhancing service capabilities in the region.
Custom Truck One Source (CTOS) ha acquisito A&D Maintenance and Repair, ampliando così la sua presenza a New York. L'acquisizione include un impianto di 20.000 piedi quadrati e un team esperto, migliorando le capacità di servizio nella regione.
Custom Truck One Source (CTOS) ha adquirido A&D Maintenance and Repair, expandiendo su presencia en Nueva York. La adquisición incluye una instalación de 20,000 pies cuadrados y un equipo experimentado, mejorando las capacidades de servicio en la región.
Custom Truck One Source (CTOS)가 뉴욕에 있는 A&D Maintenance and Repair를 인수하여 그 지역에서의 입지를 확장하였습니다. 이 인수로 20,000 평방 피트 규모의 시설과 경험 많은 팀이 추가되어 지역 내 서비스 능력이 향상되었습니다.
Custom Truck One Source (CTOS) a acquis A&D Maintenance and Repair, élargissant sa présence à New York. L'acquisition comprend un établissement de 20 000 pieds carrés et une équipe expérimentée, améliorant ainsi les capacités de service dans la région.
Custom Truck One Source (CTOS) hat A&D Maintenance and Repair übernommen und erweitert damit seine Präsenz in New York. Die Übernahme umfasst eine Anlage mit 20.000 Quadratfuß und ein erfahrenes Team, was die Servicekapazitäten in der Region verbessert.
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Insights
The strategic move by Custom Truck One Source to acquire A&D Maintenance and Repair is indeed a notable expansion tactic, potentially resulting in increased operational capacity and market penetration in the New York area. The acquisition brings with it over 20,000 square feet of service space and a skilled labor force which can potentially lead to enhanced service offerings and customer satisfaction. A vital point for investors to note is the synergy between the two companies, particularly as A&D has previously provided repair services to Custom Truck. It is reasonable to anticipate cost savings and increased revenue from cross-selling opportunities. Forecasting further ahead, we might see improved economies of scale and a stronger competitive position within the industry. However, investors should be mindful of the integration risks associated with acquisitions, such as cultural clashes and potential disruption in existing operations.
Custom Truck One Source's expansion into the Long Island and greater New York City metropolitan region could be a response to an increasing demand for specialized repair services in these densely populated areas. With urban infrastructure projects and increased construction activity, the company's bolstered presence serves as a forward-looking adjustment to market conditions. For shareholders, assessing the potential increase in long-term value is essential. A&D’s established customer base, when merged with Custom Truck’s broader product offering, may lead to a more diverse and stable revenue stream. Furthermore, this development could potentially act as a catalyst for future growth initiatives, especially in other high-demand urban areas. Close monitoring of the regional growth and operational efficiency post-acquisition will be critical to understanding the full impact on the company’s bottom line.
KANSAS CITY, Mo.--(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.
INVESTOR CONTACT
Brian Perman, Vice President, Investor Relations
816-723-7906
investors@customtruck.com
Source: Custom Truck One Source, Inc.
FAQ
What company acquired A&D Maintenance and Repair?
Custom Truck One Source (CTOS) acquired A&D Maintenance and Repair.
Where is A&D Maintenance and Repair located?
A&D Maintenance and Repair is located in Wyandanch, New York on Long Island.
When was A&D Maintenance and Repair founded?
A&D Maintenance and Repair was founded in 1986.
What does the acquisition add to Custom Truck One Source?
The acquisition adds over 20,000 square feet of space and a highly experienced team, expanding Custom Truck's presence and service capacity in New York.
Who is the CEO of Custom Truck One Source?
Ryan McMonagle is the CEO of Custom Truck One Source.
