Custom Truck One Source expands in New York with acquisition of A&D Maintenance and Repair
Custom Truck One Source, Inc. (NYSE: CTOS), a leading provider of specialty equipment and services in North America, announced its acquisition of A&D Maintenance and Repair, a respected full-service repair facility based in Wyandanch, New York. This strategic acquisition, effective immediately, incorporates over 20,000 square feet of operational space into Custom Truck’s portfolio, significantly bolstering its presence and service capabilities in the Long Island and greater New York City metropolitan areas.
Ryan McMonagle, CEO of Custom Truck One Source, expressed enthusiasm about the integration, stating, “We are excited to join forces with the A&D Maintenance and Repair team and welcome them to Custom Truck One Source. 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.”
Custom Truck One Source Acquires Long Island-Based A&D Maintenance, Enhancing Regional Service Capacity
Founded in 1986, A&D Maintenance has established a strong reputation for its comprehensive repair services and customer-centric approach, making it a valuable addition to Custom Truck’s expanding operations. The acquisition not only extends Custom Truck’s geographical footprint but also enriches its service offerings with A&D’s expertise, particularly in the repair sector. This move is poised to enhance the company’s ability to meet the growing demands of its diverse customer base in critical infrastructure sectors, including electric utility transmission and distribution, telecommunications, and rail markets.
Custom Truck One Source boasts a differentiated “one-stop-shop” business model, offering specialized equipment and services to a wide array of markets. The company’s extensive coast-to-coast rental fleet includes over 10,300 units, encompassing aerial devices, boom trucks, cranes, digger derricks, pressure drills, stringing gear, hi-rail equipment, and a comprehensive range of repair parts, tools, and accessories. By integrating A&D Maintenance and Repair into its operations, Custom Truck One Source is set to further solidify its market leadership and expand its service capabilities throughout North America.
The acquisition of A&D Maintenance and Repair by Custom Truck One Source represents a calculated move to leverage synergies between the two companies’ operational strengths and customer bases. This integration is expected to drive significant value for Custom Truck One Source by enhancing its service efficiency and expanding its reach in a key regional market. The strategic expansion into Long Island not only broadens Custom Truck’s operational scope but also positions it well for future growth and customer service excellence in the infrastructure services industry.