Japan's Sumitomo invests in US rental business Sunstate Equipment

Murray Pollok

21 December 2009

Japan's Sumitomo Corp has acquired a US$50 million investment in Sunstate Equipment Co, giving it a minority shareholding in the business. The funds will be used to strengthen Sunstate's balance sheet and capitalise on growth opportunities.

Sunstate, founded by company chairman Mike Watts in 1977, is based in Phoenix, Arizona…

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Murray Pollok Editor, International Rental News Tel: +44 (0)1505 850043 E-mail: [email protected]
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