Stake Purchase • Business Services

Sumitomo Invests In Sunstate Equipment Co.

On February 27, 2017, Sumitomo invested in business services company Sunstate Equipment Co.

Investment Context
  • This is Sumitomo’s 1st transaction in the Business Services sector.
  • This is Sumitomo’s 5th transaction in the United States.
  • This is Sumitomo’s 1st transaction in Arizona.

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Investment Summary

Date February 27, 2017
Target Sunstate Equipment Co.
Sector Business Services
Investor(s) Sumitomo
Deal Type Stake Purchase

Target Company

Sunstate Equipment Co.

Phoenix, Arizona, United States
Sunstate Equipment Co., LLC is an equipment rental company provides construction, industrial and special event companies with top quality construction rental equipment and tools.
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Investor Overview 1

Investor

Sumitomo

Tokyo, Japan

Category Company
Founded 1919
Sector Distribution
Employees74,920
Revenue 7.29T JPY (2025)
DESCRIPTION

Sumitomo is a global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment. Sumitomo was founded in 1919 and is based in Tokyo, Japan.


Deal Context for Investor #
Overall 22 of 50
Sector: Business Services 1 of 3
Type: Stake Purchase 6 of 12
State: Arizona 1 of 1
Country: United States 5 of 17
Year: 2017 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-30 Bayer CropScience AG - Metominostrobin

Japan

Bayer CropScience AG - Metominostrobin is an agricultural fungicide. Agricultural chemicals that protect crops from diseases and pests play a crucial role in this endeavor.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-03 Piedmont Animal Health

Greensboro, North Carolina, United States

Piedmont Animal Health LLC is a companion animal pharmaceutical development and marketing company focused on inventing and developing innovative technologies to address veterinary healthcare needs.

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