Form 4: Platinum Equity Entities Acquire 8.1 Million Shares of Custom Truck One Source

Platinum Equity related entities acquired 8,143,635 shares of Custom Truck One Source common stock at $4 per share, increasing their total holdings to 156,743,635 shares.

Summary

• PE One Source Holdings, LLC, along with several related Platinum Equity entities, acquired 8,143,635 shares of Custom Truck One Source (CTOS) common stock.
• The shares were purchased at a price of $4 per share.
• Following this transaction, the total number of CTOS shares beneficially owned by these entities is 156,743,635.
• The transaction took place on January 30, 2025.
• The reporting entities include PE One Source Holdings, LLC, Platinum Equity Partners V, L.P., Platinum Equity Partners V, LLC, Platinum Equity Investment Holdings V, LLC, Platinum Equity Investment Holdings V Manager, LLC, Platinum Equity InvestCo, L.P., Platinum InvestCo (Cayman), LLC, Platinum Equity Investment Holdings IC (Cayman), LLC, and Platinum Equity Investment Holdings, LLC.
• These entities are all related through a complex ownership structure ultimately controlled by Tom Gores and Platinum Equity, LLC.

Sentiment

Score: 7

Explanation: The document indicates a significant purchase of shares by a major investor, which is generally a positive sign. However, it's a routine filing and doesn't indicate any major change in the company's fundamentals.

Positives

• The acquisition demonstrates a continued investment and confidence in Custom Truck One Source by Platinum Equity.
• The purchase of a significant number of shares could be seen as a positive signal to the market.

Risks

• The complex ownership structure of the reporting entities could make it difficult to track the ultimate beneficial ownership of the shares.
• The large number of shares held by Platinum Equity entities could potentially lead to market volatility if they were to sell a significant portion of their holdings.

Industry Context

This transaction reflects ongoing investment activity by private equity firms in publicly traded companies. Platinum Equity's increased stake in Custom Truck One Source suggests a continued commitment to the company's growth and strategy.

Comparison to Industry Standards

• Private equity firms often acquire significant stakes in companies they believe have growth potential, similar to Platinum Equity's investment in CTOS.
• Other examples of private equity firms taking large positions in public companies include KKR's investment in GoDaddy and Blackstone's investment in Hilton Worldwide.
• The size of the transaction, involving over 8 million shares, is typical for a significant ownership change by a major investor.

Stakeholder Impact

• The increased ownership by Platinum Equity could be viewed positively by shareholders, potentially increasing confidence in the company's future.
• The transaction does not appear to have any immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Custom Truck One Source, CTOS, Platinum Equity, Share Acquisition, Beneficial Ownership, Tom Gores, SEC Form 4