Custom Truck One Source Announces New Location in Canada

Rhea-AI Summary

Custom Truck One Source, trading under the ticker CTOS, has officially opened a new location in Ayr, Ontario. This expansion marks the company's total to 36 locations across North America, reinforcing its presence in the equipment market. The new 9,500 square feet facility will cater to diverse customer needs, offering services from new and used truck sales to aftermarket parts and financing solutions. CEO Ryan McMonagle expressed enthusiasm about the company's growth and its commitment to supporting Canadian clientele in achieving their business goals.

This strategic move is expected to enhance operational capacity and customer service, further solidifying Custom Truck's position as a market leader.

Positive

• Expansion to a new location in Ayr, Ontario increases total locations to 36.
• The 9,500 square feet facility supports a wide range of equipment services.
• Enhances the ability to serve Canadian clients and grow the workforce.

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• None.

KANSAS CITY, Mo.--(BUSINESS WIRE)-- Custom Truck One Source, Inc. (“Custom Truck One Source,” “Custom Truck” or the “Company”) is excited to announce the opening of its newest location in Ayr, Ontario, expanding the company’s geographic footprint to 36 total locations and further solidifying its position as a leader in the North American equipment markets.

Custom Truck’s new Ayr location boasts 9,500 square feet of state-of-the-art production and service facilities, designed to support the needs of Custom Truck’s equipment clientele across Canada. Additionally, the new facility will offer Custom Truck’s full range of equipment services, including new and used truck and equipment sales, aftermarket parts and service, financing and asset disposal solutions, and more.

“We are thrilled to expand our presence in North America and bring Custom Truck’s single-source equipment offerings to even more clientele in Canada,” said Ryan McMonagle, CEO of Custom Truck. “This location will enable us to better serve and empower our customers in achieving their own business goals, while also allowing us to grow our team and production output.”

ABOUT CUSTOM TRUCK ONE SOURCE
Custom Truck One Source is a leading provider of specialized truck and heavy equipment solutions to the utility, telecommunications, rail and infrastructure markets in North America. The Company’s solutions include rentals, sales, aftermarket parts, tools, accessories and service, equipment production, manufacturing, financing solutions, and asset disposal. With vast equipment breadth, the Company’s team of experts service its customers across an integrated network of locations across North America. For more information, please visit customtruck.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230411005035/en/

Heather Bristow

hbristow@customtruck.com

Source: Custom Truck One Source, Inc.

FAQ

What is the latest news about Custom Truck One Source (CTOS)?

Custom Truck One Source has opened a new facility in Ayr, Ontario, expanding its total locations to 36.

How does the new location in Ayr, Ontario benefit Custom Truck (CTOS)?

The new 9,500 square feet facility allows Custom Truck to better serve customers across Canada with a full range of equipment services.

What services will the Ayr, Ontario facility offer for Custom Truck (CTOS)?

The Ayr facility will provide new and used truck sales, aftermarket parts, service, financing, and asset disposal solutions.

Who is the CEO of Custom Truck One Source (CTOS)?

The CEO of Custom Truck One Source is Ryan McMonagle.