York-Hanover, PA (1888PressRelease)
March 08, 2009 - Institute St. Onge announced today a strategic partnership with Bridgeport, Conn.-based Somerset Capital Group, Ltd.
Institute St. Onge is an adviser to the financial community that plans investments in supply chain infrastructure. Somerset Capital Group is an asset-based equipment leasing firm that offers customized leasing solutions to Fortune 1000 clients.
"We are extremely pleased to announce this new relationship with a highly respected capital equipment leasing firm," said Jim Reeb, the Institute's president.
"Candidates for our combined services are logistics campuses or large distribution centers," Reeb said. "Our two organizations form a single solution to companies involved in resolving supply chain and material handling issues at these types of facilities."
Logistics campuses or distribution centers are large facilities that serve as a focal point for the movement of goods, which require material handling equipment ranging from container cranes and fork lift trucks to conveyor systems.
These facilities generally offer significant warehouse capacity, high standardization of storage structure, IT capabilities and logistics services.
“The combination of the Institute’s logistics and distribution expertise with our financial products and services will provide an immediate benefit to the end user, both in logistical efficiencies and cost savings”, said Doug Slais, senior vice president of vendor relations for Somerset.
The Institute St. Onge is a sister company to the St. Onge Co.
The St. Onge Co. is involved in the planning and design of distribution centers on four continents. St. Onge Co. has international experience in the design and planning of large supply chain infrastructures including its material handling components.
Somerset Capital Group offers professional counseling and development of the most appropriate financing arrangements for the equipment in these distribution settings. Somerset has 25 years of experience in developing and structuring both capital and operating lease solutions in support of numerous Fortune 1000 companies.
For more information, visit: www.stonge.com;
www.somersetcapital.com
Tom Peric’
856-874-0049
tom ( @ ) thegalileo dot com
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