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Custom
Truck One Source and its subsidiary Load King
ing
2015 , by which time it had grown to reach around $ 330 million in revenue , employed more than 400 people , and occupied eight locations . Blackstone then went on a transformative acquisition spree , purchasing and integrating ten businesses over a threeyear period .
“ Specifically , from a manufacturing perspective , two acquisitions are particularly important . There ’ s the Load King trailer business , which was purchased during that time , and we later acquired the Boom Truck , Truck Crane , and Crossover product lines from Terex , which was then rebranded as Load King Cranes .
“ After the acquisition spree , we went through a phase of organic growth , growing our footprint by investing in the rental fleet and improving our production capabilities . It was also at this point that Blackstone sold its control to Platinum Equity in 2021 , who went on to merge us with a utility rental company known as Nesco . This doubled the size of what is now the Custom Trucks rental fleet almost overnight , and we also became a public company at the same time .
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