Blount Entities Acquires SunTower Machine Company

Sunstate Equipment Acquires AJ Rental Dallas

March 14, 2025

Industrial Services

Sunstate Equipment Co., a Sumitomo Corporation-owned equipment rental company, has acquired AJ Rental Dallas to expand its presence in the Dallas–Fort Worth market. The acquisition brings AJ Rental customers access to Sunstate’s larger multi-state branch network, expanded fleet and technology capabilities; financial terms were not disclosed.

Toromont Industries Acquires 60% Stake in AVL Manufacturing Inc.

February 3, 2025

Manufacturing

Toromont Industries Ltd. has acquired a 60% ownership stake in AVL Manufacturing Inc., a Hamilton, Ontario-based designer and fabricator of power generation and energy storage enclosures that serves the data centre market across eastern North America. The purchase was paid in cash and Toromont shares, and Toromont has committed to buying the remaining 40% by agreed dates through 2031 based on performance; the acquisition secures supply for Toromont Power Systems and is not expected to have a material near-term impact on combined results.

Sun Auto Tire & Service Acquires Burlington Automotive

January 1, 2025

Automotive

Sun Auto Tire & Service has acquired Burlington Automotive, a 14-bay full-service auto shop in Burlington, Washington. The deal expands Sun Auto's Pacific Northwest footprint to 24 locations and extends its northern reach between Seattle and Vancouver, BC.

MSouth Equity Partners Acquires Sunbelt Modular, Inc.

August 15, 2022

Manufacturing

MSouth Equity Partners, an Atlanta-based private equity firm, has acquired Sunbelt Modular, a Phoenix-based manufacturer of commercial modular buildings, as its new controlling equity investor. Sunbelt will continue to be led by CEO Ron Procunier and will operate its seven regional brands while MSouth supports the company's growth and potential platform expansion.

Raytheon Technologies to Acquire Blue Canyon Technologies

November 10, 2020

Aerospace & Defense

Raytheon Technologies has entered into a definitive agreement to acquire small-satellite manufacturer Blue Canyon Technologies. The acquisition will fold BCT into Raytheon Intelligence & Space and expand Raytheon's capabilities in turnkey small-satellite solutions to serve government, commercial and academic customers.

Phoenix Tower International Acquires Tower Ventures Holdings (197 U.S. Tower Sites)

March 5, 2020

Telecommunications

Phoenix Tower International (PTI) has acquired a 100% ownership interest in Tower Ventures Holdings, LLC and related entities, gaining ownership of 197 wireless communication towers across the United States. The deal — terms confidential — expands PTI's U.S. tower portfolio ahead of 5G deployments; Tower Ventures is a Memphis, Tennessee–based tower operator previously owned by its management team with an investment from BBH Capital Partners.