ECP ControlCo Updates Custom Truck One Source Stake
Ticker: CTOS · Form: SC 13D/A · Filed: Sep 9, 2024 · CIK: 1709682
| Field | Detail |
|---|---|
| Company | Custom Truck One Source, INC. (CTOS) |
| Form Type | SC 13D/A |
| Filed Date | Sep 9, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.0001, $4.1679, $3.42 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
Related Tickers: CTOS
TL;DR
ECP ControlCo just updated their 13D filing for CTOS. Something's changing.
AI Summary
ECP ControlCo, LLC, along with affiliated entities, has filed an amendment to their Schedule 13D concerning Custom Truck One Source, Inc. The filing, dated September 9, 2024, indicates a change in beneficial ownership. The specific details of the change in ownership percentage or the exact number of shares involved are not explicitly stated in this excerpt, but it signifies an update to their holdings in the company.
Why It Matters
This filing signals a potential shift in the control or influence over Custom Truck One Source, Inc. by a significant shareholder, which could impact strategic decisions and future performance.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can indicate strategic shifts by major investors, potentially leading to volatility.
Key Players & Entities
- ECP ControlCo, LLC (company) — Filer of the Schedule 13D/A
- Custom Truck One Source, Inc. (company) — Subject company
- NESCO HOLDINGS, INC. (company) — Former name of Custom Truck One Source, Inc.
- Capitol Investment Corp. IV (company) — Former name of Custom Truck One Source, Inc.
FAQ
What specific change in beneficial ownership is reported in this SC 13D/A filing?
The provided excerpt does not detail the specific change in beneficial ownership, only that an amendment to the Schedule 13D has been filed by ECP ControlCo, LLC and its affiliates on September 9, 2024.
Who are the principal filers of this amendment?
The principal filers are ECP ControlCo, LLC, along with a group of affiliated entities including ECP CARDINAL HOLDINGS, LP, ECP MANAGEMENT GP, LLC, and various Energy Capital Partners entities.
What is the subject company of this filing?
The subject company is Custom Truck One Source, Inc., identified by Central Index Key 0001709682.
When was the company formerly known as NESCO HOLDINGS, INC.?
The company was formerly known as NESCO HOLDINGS, INC. until a name change on July 30, 2019.
What is the business address of Custom Truck One Source, Inc.?
The business address of Custom Truck One Source, Inc. is 7701 Independence Avenue, Kansas City, MO 64125.
Filing Stats: 4,564 words · 18 min read · ~15 pages · Grade level 19.5 · Accepted 2024-09-09 18:30:05
Key Financial Figures
- $0.0001 — relating to the common stock, par value $0.0001 per share (the “Common Stock&rdqu
- $4.1679 — Exchange at a weighted average price of $4.1679 per share on August 27, 2024; and (ii)
- $3.42 — ck Exchange a weighted average price of $3.42 per share on September 5, 2024. (d)
Filing Documents
- formsc13da.htm (SC 13D/A) — 473KB
- 0001493152-24-035538.txt ( ) — 475KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct. Date :September 9, 2024 ECP ControlCo, LLC By: /s/ Rahman D’Argenio Name: Rahman D’Argenio Title: Managing Member Energy Capital Partners III, LLC By: ECP ControlCo, LLC, its managing member By: /s/ Rahman D’Argenio Name: Rahman D’Argenio Title: Managing Member Energy Capital Partners GP III, LP By: Energy Capital Partners III, LLC, its general partner By: ECP ControlCo, LLC, its managing member By: /s/ Rahman D’Argenio Name: Rahman D’Argenio Title: Managing Member Energy Capital Partners III, LP By: Energy Capital Partners GP III, LP, its general partner By: Energy Capital Partners III, LLC, its general partner By: ECP ControlCo, LLC, its managing member By: /s/ Rahman D’Argenio Name: Rahman D’Argenio Title: Managing Member Energy Capital Partners III-A, LP By: Energy Capital Partners GP III, LP, its general partner By: Energy Capital Partners III, LLC, its general partner By: ECP ControlCo, LLC, its managing member By: /s/ Rahman D’Argenio Name: Rahman D’Argenio Title: Managing Member CUSIP No. 23204X103 13D Page 22 of 23 Pages Energy Capital Partners III-B, LP By: Energy Capital Partners GP III, LP, its general partner By: Energy Capital Partners III, LLC, its general partner By: ECP ControlCo, LLC, its managing member By: /s/ Rahman D’Argenio Name: Rahman D’Argenio Title: Managing Member Energy Capital Partners III-C, LP By: Energy Capital Partners GP III, LP, its general partner By: Energy Capital Partners III, LLC, its general partner By: ECP ControlCo, LLC, its managing member By: /s/ Rahman D’Argenio Name: Rahman D’Argenio Title: Managing Member Energy Capital Partners III-D, LP