Custom Truck One Source completes $46M acquisition of HiRail Leasing Group

Custom Truck One Source, Inc.

Acquired HiRail Leasing Group for $46.0 million, subject to fleet and other customary adjustments.
HiRail has over 600 rental units and is among the largest rail equipment rental providers in Canada.
Adds two new locations in Ontario and Alberta, expanding Custom Truck's geographic footprint in Canada.
Acquisition funded with cash on hand and drawings on existing credit facility; expected to be immediately accretive.
Strengthens rental segment and relationships with leading Canadian rail customers.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.