Landscape Contractor / Design Build Maintain

APR 2017

LC/DBM provides landscape contractors with Educational, Imaginative and Practical information about their business, their employees, their machines and their projects.

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Page 40 of 63

April 2017 41 Global business giant Sumitomo Corporation recently acquired the remaining 20 percent interest in Sunstate Equipment Co., the seventh largest equipment renter in the U.S. with over 60 branches in nine states, employing nearly 1,600 indi - viduals. The parent company first invested in the rental company in 2009 – increas- ing its share of ownership to 80 percent in 2012. The companies believe that U.S. infrastructure repairs, which are estimated to exceed billions of dollars over the next 10 years, will mean growth for the $30 billion-plus construction rental industry. I n f o r m a t i o n R e q u e s t # 4 5 2 GROUND GAINS Mergers, Acquisitions, Expansions Borst Landscape & Design, a full- service landscape and hardscape firm headquartered in Allen - dale, New Jersey, recently expanded its footprint in the northern part of the state by acquiring Magnolia Landscaping, a 41-year-old landscape business head - quartered in Old Tappan, New Jersey. All of the seller's service contracts will be honored by the buyer. To further improve their WorkSight telematics program, John Deere is part - nering with LHP Telematics, a provider of fleet solutions for the construction industry and others. This will give Work - Sight users the ability to track data such as meter readings, locations, fault codes, utilization hours and fuel consump - tion from their entire fleet, optimizing management decisions, and eliminating manual entry of data and having to access different manufacturers' portals.

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