Kirkland Counsels Custom Truck One Source on Sale to Nesco for $1.475 Billion
Kirkland & Ellis LLP advised Custom Truck One Source (CTOS), a Blackstone portfolio company, on its definitive agreement to be acquired by Nesco Holdings, Inc. (NYSE: NSCO) for a purchase price of $1.475 billion. Nesco and CTOS are leading providers of specialized truck and heavy equipment solutions including rental, sales and aftermarket parts and service. The combination will create a leading, one-stop-shop provider of specialty rental equipment serving highly attractive and growing infrastructure end-markets, including transmission and distribution (T&D), the 5G revolution build-out and critical rail and other national infrastructure initiatives.
The Kirkland team was led by transactional partners Rhett Van Syoc, Cy Jones and Robert Goodin and associates Camille Walker, Maggie Hoffman and Mikhaila Martin; capital markets partner Michael Rigdon, debt finance partner Andy Veit and tax partners Mark Dundon and William Dong.
