ADP vs CTOS

Automatic Data Processing Inc.

Automatic Data Processing, Inc. provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions. Its offerings include payroll, benefits administration, talent management, HR management, workforce management, insurance, retirement, and compliance services. The PEO Services segment provides HR outsourcing solutions to small and mid-sized businesses through a co-employment model. This segment offers benefits package, protection and compliance, talent engagement, comprehensive outsourcing, and recruitment process outsourcing services. The company was founded in 1949 and is headquartered in Roseland, New Jersey.

Custom Truck One Source Inc.

Custom Truck One Source, Inc. provides specialty equipment rental services to the electric utility transmission and distribution, telecom, and rail industries in North America. It operates through two segments: Equipment Rental and Sales; and Parts, Tools and Accessories. The Equipment Rental and Sales segment rents and sells a range of new and used equipment, including bucket trucks, digger derricks, line equipment, cranes, pressure diggers, and underground equipment for electric utilities, telecom operators, railroad operators, and related contractors. The Parts, Tools and Accessories segment offers sale and rental solutions for parts, tools, and accessories to complement its specialty equipment fleet. Its products include stringing blocks, augers, insulated hotline tools, hoist and rigging equipment, and grounding clamps. This segment also provides maintenance, repair, and upfit services for new and used heavy-duty trucks and cranes. It serves equipment rental customers, industry contractors, and other distributors. As of March 8, 2021, the company had a coast-to-coast rental fleet of approximately 4,500 units comprising insulated and non-insulated bucket trucks, digger derricks, line equipment, cranes, pressure diggers and drills, and underground equipment. The company was formerly known as Nesco Holdings, Inc. and changed its name to Custom Truck One Source, Inc. in April 2021. Custom Truck One Source, Inc. was founded in 1988 and is headquartered in Kansas City, Missouri.