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Tag: Sumitomo Corporation of Americas
Dealers
Business Roundup: Vermeer acquires McLaughlin; Kobelco adds Central Equipment; Pettibone network expands; VeriTread secures $2.5M; Prinoth secures 2 dealers
Vermeer acquires McLaughlin, expands reach into utility market Vermeer has acquired McLaughlin Group after buying a minority interest in the drill and vacuum excavator manufacturer in 2012. Vermeer announced that it has bought all remaining non-Vermeer interests of McLaughlin Group. McLaughlin, based in Greenville, South Carolina, will keep its name and brand for its products. […]
September 26, 2017
Dealers
Equipment haul matching startup VeriTread secures $2.5 million investment from Sumitomo
VeriTread, The Heavy-Haul Marketplace, a Florida-based startup that connects construction equipment owners with hauling services online, has received a $2.5 million infusion from Sumitomo Corporation of Americas. SCOA, along with Sumitomo Corporation, will receive an undisclosed ownership stake in VeriTread in exchange for the allocation, VeriTread said in a news release. “SCOA has been a […]
September 22, 2017
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