Custom Truck One Source wins Sourcewell cooperative contract

Custom Truck One Source Inc. (NYSE: CTOS) announced it received a cooperative purchasing contract through Sourcewell following a competitive solicitation process.

The contract allows eligible agencies, including municipal transit authorities and state and local governments, to purchase products directly from Custom Truck through the Sourcewell contract without issuing their own solicitations.

"Being selected by Sourcewell is an exciting milestone for our organization and reinforces the trust customers place in Custom Truck," said Ryan McMonagle, chief executive officer of Custom Truck.

Sourcewell operates a cooperative purchasing program that serves more than 50,000 participating agencies. The self-funded government organization, established in 1978, provides competitively awarded contracts to help governments, schools and nonprofits access procurement solutions.

Custom Truck One Source provides specialty equipment to electric utility, telecommunications, rail, forestry and waste management markets. The company operates a rental fleet of more than 10,350 units across North America, including aerial devices, boom trucks, cranes and other specialized equipment.

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