• SELECT SITE CURRENCY
Select a currency for use throughout the site
Sunstate Equipment Co. LLC Jan 10
Standard & Poors, January 2010
Leading regional provider of equipment rental services in the southwestern U.S. Good EBITDA margin Limited geographic and business diversity Highly capital-intensive equipment purchases Modest cash flow Aggressive financial policy and majority shareholder-operated limited liability company The ratings on privately owned Sunstate Equipment Co. LLC reflect its position as a relatively small operator in the highly fragmented and competitive construction equipment rental industry. This profile reflects the company's limited diversity, expensive capital equipment purchases, high leverage, and somewhat limited financial flexibility. Sunstate's good regional presence in the southwestern U.S., focus on customer service, and good EBITDA margin somewhat offset these factors. The construction equipment rental industry is highly fragmented and competitive. Competition comes mainly from regional companies such as H&E Equipment...
Companies mentioned in this report are: Sunstate Equipment Co. LLC,Sunstate Equipment Co. Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Sunstate Equipment Co. LLC,Sunstate Equipment Co. Inc.