Business and portfolio acquisitions combined with expanded branding efforts support recent growth at Somerset.
Milford, Connecticut—June 13, 2016—Somerset Capital Group, Ltd. (Somerset) announced several key growth steps today in their vision to make long-term strides to growth in 2016. First, their recent company acquisition of two independent lessors to their family of companies; second, a portfolio acquisition significantly expanding their Canadian presence; and third, an aggressive re-launch of their brand.
Somerset has acquired two independent leasing organizations, each with a unique origination platform, to continue its objective to diversify its revenue generation capabilities, broaden its client base, enhance its geographical footprint and add quality professionals to its staff. The combined acquisitions add more than $150 million in quality assets to Somerset’s lease portfolio and are expected to significantly enhance the company’s ongoing annual lease originations
Somerset also announces the acquisition of a nearly $16 million net asset Canadian portfolio with over 350 active lease schedules to add to the strength of their Canadian operations. With active origination in Canada since 2007, Somerset will leverage the addition to fuel growth and drive deeper alignment with a variety of bank partners in Canada.
With recent growth, Somerset has invested in an aggressive new and refreshed branding effort in the market. New logo, website and deeper marketing activity further emphasize the company’s commitment to expansion and delivering their unique value proposition addressing the needs of commercial equipment users.
Evan Bokor, President of Somerset said, “We will continue to work toward making 2016 a year in which we solidify our foundation for long term success. These accomplishments represent our continued desire to seek opportunities for diversification and growth into the future.”