secwatch.observer — SEC 8-K summary
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Issuer:     Custom Truck One Source, Inc. (CTOS)
CIK:        0001709682
Form:       8-K
Filed at:   2022-01-14T23:59:59+00:00
Accession:  0001709682-22-000015
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709682/000170968222000015/0001709682-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709682/000170968222000015/nsco-20220114.htm
  HTML page:      https://secwatch.observer/filing/0001709682-22-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer