- Language: English
- 100 Pages
- Published: June 2009
- Region: Europe
Sunstate Equipment Co. LLC Jan 10
- Published: January 2010
- Standard & Poors
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.
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Sunstate Equipment Co. LLC,Sunstate Equipment Co. Inc.