Loan for the Acquisition of an Equipment Rental Company
Supporting Japanese companies'overseas M&A

  • Area: North America
  • Manufacturing and Services

JBIC signed a loan agreement with Sumitomo Corporation of America, a wholly owned U.S. subsidiary of Sumitomo Corporation, to provide a part of the funds necessary for the Sumitomo Corporation Group to acquire the U.S. equipment rental company Sunstate Equipment Co., LLC (Sunstate). Through this acquisition in which it gains a controlling interest in Sunstate, Sumitomo Corporation is seeking to further expand its equipment rental business in North America, and increase its market share within the industry. By supporting the overseas business expansion of a Japanese company, this loan will contribute to maintaining and improving the international competitiveness of Japanese industries.

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