Founded in January
of 2001, STAR Asset Management Group has
roots in the machine tool business dating back to 1950. Proven expertise in
asset management combined with innovative, high yielding plant upgrade &
downsizing programs is what sets
apart from other machinery dealers.
Though we buy and sell
individual machine tools, we have much more to offer.
Robert (Bob) Samuelson comes to
as the former President (1998-2000) of the Meritage Remarketing Company.
Bob, from 1993-1998, while President of NEMEX, (Northeast Machinery Exchange)
managed and supervised its merger with EMI (Ellison Machinery International)
into one the country’s largest used machinery operations.
served as the trade-in hub and used machinery solution for the entire Meritage
Machinery Group which has some 200 salespeople in 40 states whose sales of new
machine tools are in excess of $700Million annually.
Prior to joining NEMEX in
1993, Bob served as a consultant to the cable and wire industry and between
1972 and 1990 he became the owner/operator of a bakery supply business which he
built from a $3M/year company with 30 employees to a $100M/year company with
Mark Ettinger, whose family has been in the machinery business since 1950, was
the owner of MEM, Inc. (specialists in the purchase and resale of CNC &
fabricating machinery) from 1985 until 1993 when he joined Bob at NEMEX as
Mark achieved partnership
in 1995 and became the Vice President, Director of Sales & Purchasing. He is
an ASA certified appraiser who has performed valuation work in excess of
In late 1999, Mark was
recruited by Tradeout.Com, an Ebay and G.E. Capital backed Internet “B to B”
Marketplace, as Director of Metalworking.
Together, Bob and Mark turned NEMEX from a small-scale money losing operation
into a profitable regional then national powerhouse. This was achieved through
superior financial management, skilled trading,
and a series of creative initiatives
that were then executed with results that repeatedly surpassed our customer’s
very high expectations.
Whether you are a company
of 2500 employees or of 20, we offer customized buy/sell programs that will
streamline your involvement in the purchase and disposition of machinery. We
will save you time and maximize your dollars.
Whether you have one machine or a plant full of surplus assets call STAR today.
Can’t find what you are looking for in our inventory? Wouldn’t you prefer to
have experienced professionals with unparalleled national and global contacts
locate exactly the right used machine(s) that you need at a great price than
to spend time away from your core business “playing” machinery dealer?
Put our experience to work for you ……TODAY!
Major Clients & Projects Include
|Bridgeport Machine Company||(Strategic Alliance, All Used Machinery Needs)|
|Hamilton/Sunstrand||(Asset Management and Downsizing)|
|Sikorsky Aviation||(Asset Management and Downsizing)|
|Othy Medical Devices||(Plant Upgrade Program)|
|Defense Research Inc.||(Plant Upgrade Program)|
|Curtiss-Wright Flight Systems||Structured Asset Disposition)|
|Breed Automotive Group||(Structured Asset Disposition)|
Many Others References Available Upon Request