SEC FORM 4

SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

PE One Source Holdings, LLC

(Last)

(First)

(Middle)

C/O PLATINUM EQUITY ADVISORS, LLC

360 NORTH CRESCENT DRIVE, SOUTH BUILDING

(Street)

BEVERLY HILLS

90210

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Custom Truck One Source, Inc. [ CTOS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/01/2021		P		148,600,000	D	$5	148,600,000	I⁽¹⁾⁽²⁾⁽³⁾⁽⁴⁾⁽⁵⁾	See Footnotes⁽¹⁾⁽²⁾⁽³⁾⁽⁴⁾⁽⁵⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

PE One Source Holdings, LLC

(Last)

(First)

(Middle)

C/O PLATINUM EQUITY ADVISORS, LLC

360 NORTH CRESCENT DRIVE, SOUTH BUILDING

(Street)

BEVERLY HILLS

90210

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Platinum Equity Capital Partners V, L.P.

(Last)

(First)

(Middle)

C/O PLATINUM EQUITY ADVISORS, LLC

360 NORTH CRESCENT DRIVE, SOUTH BUILDING

(Street)

BEVERLY HILLS

90210

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Platinum Equity Partners V, L.P.

(Last)

(First)

(Middle)

C/O PLATINUM EQUITY ADVISORS, LLC

360 NORTH CRESCENT DRIVE, SOUTH BUILDING

(Street)

BEVERLY HILLS

90210

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Platinum Equity Partners V, LLC

(Last)

(First)

(Middle)

C/O PLATINUM EQUITY ADVISORS, LLC

360 NORTH CRESCENT DRIVE, SOUTH BUILDING

(Street)

BEVERLY HILLS

90210

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Platinum Equity Investment Holdings V, LLC

(Last)

(First)

(Middle)

C/O PLATINUM EQUITY ADVISORS, LLC

360 NORTH CRESCENT DRIVE, SOUTH BUILDING

(Street)

BEVERLY HILLS

90210

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Platinum Equity Investment Holdings V Manager, LLC

(Last)

(First)

(Middle)

C/O PLATINUM EQUITY ADVISORS, LLC

360 NORTH CRESCENT DRIVE, SOUTH BUILDING

(Street)

BEVERLY HILLS

90210

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Platinum Equity InvestCo, L.P.

(Last)

(First)

(Middle)

C/O PLATINUM EQUITY ADVISORS, LLC

360 NORTH CRESCENT DRIVE, SOUTH BUILDING

(Street)

BEVERLY HILLS

90210

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Platinum InvestCo (Cayman), LLC

(Last)

(First)

(Middle)

C/O PLATINUM EQUITY ADVISORS, LLC

360 NORTH CRESCENT DRIVE, SOUTH BUILDING

(Street)

BEVERLY HILLS

90210

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Platinum Equity Investment Holdings IC (Cayman), LLC

(Last)

(First)

(Middle)

C/O PLATINUM EQUITY ADVISORS, LLC

360 NORTH CRESCENT DRIVE, SOUTH BUILDING

(Street)

BEVERLY HILLS

90210

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Platinum Equity Investment Holdings, LLC

(Last)

(First)

(Middle)

C/O PLATINUM EQUITY ADVISORS, LLC

360 NORTH CRESCENT DRIVE, SOUTH BUILDING

(Street)

BEVERLY HILLS

90210

(City)

(State)

(Zip)

Explanation of Responses:

1. Two Forms 4 are being filed, covering a total of twelve (12) reporting persons. This is the first of the two Forms 4 (the "First Form 4") and is being filed by each of: (i) PE One Source Holdings, LLC, a Delaware limited liability company ("PE One Source"), (ii) Platinum Equity Capital Partners V, L.P., a Delaware limited partnership ("PECP V"), (iii) Platinum Equity Partners V, L.P., a Delaware limited partnership ("PEP V LP"), (iv) Platinum Equity Partners V, LLC, a Delaware limited liability company ("PEP V LLC"), (v) Platinum Equity Investment Holdings V, LLC, a Delaware limited liability company ("PEIH V"), (vi) Platinum Equity Investment Holdings V Manager, LLC, a Delaware limited liability company ("PEIH V Manager"), (vii) Platinum Equity InvestCo, L.P., a Cayman Islands limited partnership ("PEIC LP"), (viii) Platinum InvestCo (Cayman), LLC, a Cayman Islands limited liability company ("PIC LLC"),

2. (Continued From Footnote 1) (ix) Platinum Equity Investment Holdings IC (Cayman), LLC, a Delaware limited liability company ("PEIH IC LLC"), and (x) Platinum Equity Investment Holdings, LLC, a Delaware limited liability company ("Platinum Holdings"). The second of the two Forms 4 (the "Second Form 4") is being filed by (xi) Platinum Equity, LLC, a Delaware limited liability company ("Platinum Equity," and together with the entities listed in clauses (i)-(x), the "Platinum Entities," and (xii) Tom Gores, an individual and citizen of the United States (each person or entity listed in clauses (i)-(xii), a "Reporting Person" and, collectively, the "Reporting Persons"). PE One Source directly owns 148,600,000 shares of common stock, par value $0.0001 per share (the "Shares"), of Custom Truck One Source, Inc. (the "Issuer"). PECP V holds a majority of the outstanding equity in PE One Source and, accordingly, may be deemed to beneficially own the Shares beneficially owned by PE One Source.

3. (Continued From Footnote 2) PEP V LP is the general partner of PECP V and, accordingly, may be deemed to beneficially own the Shares beneficially owned by PECP V. PEP V LLC is the general partner of PEP V LP and, accordingly, may be deemed to beneficially own the Shares beneficially owned by PEP V LP. PEIH V holds all of the outstanding equity in PEP V LLC and, accordingly, may be deemed to beneficially own the Shares beneficially owned by PEP V LLC. PEIH V Manager is the sole manager of PEIH V and, accordingly, may be deemed to beneficially own the Shares beneficially owned by PEIH V. PEIC LP holds all of the outstanding equity in PEIH V and, accordingly, may be deemed to beneficially own the Shares beneficially owned by PEIH V. PIC LLC holds a controlling interest in PEIC LP and, accordingly, may be deemed to beneficially own the Shares beneficially owned by PEIC LP. PEIH IC LLC is the general partner of PEIC LP and, accordingly, may be deemed to beneficially own the Shares beneficia

4. (Continued From Footnote 3) Platinum Equity is the sole member of Platinum Holdings, and PEIH V Manager and, accordingly, may be deemed to beneficially own the Shares beneficially owned by each of Platinum Holdings and PEIH V Manager. Platinum Equity and Tom Gores, together, hold a controlling interest in PIC LLC and may be deemed to beneficially own the Shares beneficially owned by PIC LLC. Tom Gores is the Chairman and Chief Executive Officer of Platinum Equity and, accordingly, may be deemed to beneficially own the Shares beneficially owned by Platinum Equity. Mr. Gores disclaims beneficial ownership of all the Shares held by each of the entities listed above with respect to which he does not have a pecuniary interest. Because of the relationship discussed above, each Reporting Person may be deemed to beneficially own the Shares reported in this Form 4.

5. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.

Remarks:

PE One Source, which is indirectly controlled by Tom Gores as described in footnotes 1-4, is party to an Amended and Restated Stockholders' Agreement with the Issuer (the "Stockholders' Agreement"), which gives PE One Source the right to nominate up to seven (7) directors to the Issuer's board of directors, subject to certain ownership thresholds. Louis Samson, David Wolf, Bryan Kelln and David Glatt serve on the Issuer's board of directors pursuant to this right. Each of Messrs. Kelln and Samson is a Partner, and each of Messrs. Glatt and Wolf is a Managing Director, of Platinum Equity. Accordingly, Messrs. Kelln, Samson, Glatt and Wolf may be determined to represent the interests of the Platinum Entities and Mr. Gores on the board of directors of the Issuer, and accordingly, the Platinum Entities and Mr. Gores may be deemed to be directors for purposes of Section of the Securities Exchange Act of 1934, as amended.

	See Exhibit 99.1 - Signatures	04/05/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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SEC Form 4 filed by Llc Holdings, Source One Pe