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Tag: Sumitomo Corporation
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
Business
Sumitomo acquires majority stake in Sunstate Equipment
Japanese company Sumitomo Corporation announced this morning that it has increased its investment to become the controlling interest in Sunstate Equipment Co. with 80 percent of the company’s shares. Despite the U.S. construction equipment rental industry’s downturn, in December 2009 Sumitomo made a $50 million investment in Sunstate because it “was convinced that industry was […]
January 8, 2013
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