FORT WAYNE, Ind., March 19, 2021 /PRNewswire/ -- Nesco Holdings,
Inc. (NYSE: NSCO) ("Nesco" or the "Company") announced today that,
in anticipation of the previously announced proposed acquisition by
Nesco's wholly owned subsidiary, Nesco Holdings II, Inc., of 100%
of the limited partnership interests of Custom Truck One Source,
L.P. (the "Target") and 100% of the limited liability company
interests of the Target's general partner (the "Acquisition"),
Nesco will change its name to Custom Truck One Source, Inc. Nesco
will also change the NYSE ticker symbol of its common stock from
"NSCO" to "CTOS" and the ticker symbol of its redeemable warrants
from "NSCO.WS" to "CTOS.WS" immediately upon the closing of the
Acquisition.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995 and within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and Section 27A of the Securities Act of 1933, as amended.
When used in press release, the words "anticipates," "will,"
"expects," and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantees of future performance, conditions or
results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside the Company's management's control, that could
cause actual results or outcomes to differ materially from those
discussed in this press release. Important factors, among others,
that may affect actual results or outcomes include: the impact of
the COVID-19 pandemic on the Company's business and operations as
well as the overall economy; the Company's ability to complete the
Acquisition and the related private placement of notes; and general
economic and market conditions impacting demand for the Company's
services. For a more complete description of these and other
possible risks and uncertainties, please refer to the Company's
Annual Report on Form 10-K for the year ended December 31, 2020, filed with the Securities and
Exchange Commission on March 9, 2021,
as updated by the Company's subsequent quarterly reports on Form
10-Q.
INVESTOR CONTACT
Josh Boone, Chief Financial
Officer
800.252.0043
investors@nescospecialty.com
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SOURCE Nesco Holdings, Inc.