An Infrastructure Play: Custom Truck One Source
- April 13, 2021
Initiating Outperform on Specialty Rental Leader
Custom Truck is a leader in its Specialty Rental category, leasing truck chassis-based equipment such as bucket trucks/diggers/cranes, as well as line stringing equipment.
Custom Truck's relatively resilient customer base primarily spans the electric utility transmission and distribution, infrastructure, rail, and telecom end-markets, which all exhibit solid growth potential.
The recently proposed infrastructure bill, if approved, would provide upside to Oppenheimer's revenue and adjusted EBITDA estimates.
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