a more INTELLIGENT approach to equipment finance

The Customer:

Top global breakfast food and snack manufacturer.

The Challenge:

A global breakfast food and snack manufacturer were confronted with the need to replace their fleet of forklifts in multiple packaging and distribution facilities across the US. They decided to investigate Automated Guided Vehicles (AGVs) and how upgrading their fleet of forklifts could help improve productivity in their operations. Procurement and finance needed much more convincing to be willing to advance this $15 million spend on this state of the art AGV infrastructure.

The Solution:

After looking into various options, we came across Somerset who we soon appointed to help find the right solution. They instantly seemed to understand our business and really wanted to help us find the best option for us. They structured a 5 year operating lease to include the progress payments, installation and service, which were the main elements of purchase that caused concern.

This structure allowed the customer to retain capital, reduce expenses and efficiently manage the 12 months build and installation process.

Going beyond finance:

For over 30 years, Somerset Capital Group has provided customised, equipment finance solutions globally to leading businesses. We use our extensive industry knowledge to develop tailored finance options that are right for you.


Connect with Somerset
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Across a wide variety of industries, equipment classes, brands and across the globe...

Energy & Power

Healthcare & Pharma

Higher Education

Metals Manufacturing

Automotive Manufacturing


Food & Beverage Manufacturing

Wholesale & Distribution


Our team is ready to help you take a different, more intelligent approach to your equipment finance