Built on our motto “Honest and Equitable Dealing,” since 1982, RESIDCO has specialized in structured solutions for acquisitions, financing, and dispositions regarding Rail Equipment Leasing in North America and Commercial Aircraft Leasing around the globe.


RESIDCO’s portfolio of rail and aero assets exceeds $300 million

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RESIDCO’s rail portfolio of freight cars and locomotives exceeds 7000 units

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RESIDCO’s current aero portfolio consists of 18 commercial aircraft and engines ranging from Cessna 208Bs to MD-11 Freighters


RESIDCO’s maintains underwriting capacity exceeding $100 million

Residco About Us

Our Rail assets cover North America and Aero assets span the globe

RESIDCO is a transportation capital equipment asset manager. We provide joint ventures, portfolio marketing, syndication, lease structuring, acquisition, equipment management and remarketing services to lessors and the alternative investment marketplace. Users of aircraft and railroad equipment benefit from RESIDCO’s leasing, trading, structuring, logistic and related services.

RESIDCO’s motto is: “Honesty and Equitable Dealing”



  • Glenn DavisPresident & CEO

    Glenn joined the RESIDCO team in October 2014, after 18 years at The Northern Trust Company, where he was a Senior Vice President and President of NorLease, Inc. the bank’s wholly-owned equipment leasing subsidiary. In that capacity he oversaw all aspects of corporate operations, including transaction origination, documentation, funding, contract administration and asset management.

    With more than 38 years in the industry, Mr. Davis has a long and varied equipment leasing and structured finance background. Prior to joining NorLease in 1996, he held positions with GATX, Continental Illinois Leasing, Wells Fargo Leasing, Heller Financial, AAR Corp and Savance Corp, providing value-added solutions for a variety of client equipment and project financing needs.

    He has served as a Director for the Equipment Lease and Finance Association and as Chairman of the ELFA Large Ticket / Financial Institutions Steering Committee.

    Mr. Davis holds a MBA from Northwestern University (Kellogg) and a BS from Cornell University.

  • Vincent A. KolberFounder & Chairman

    An innovator in transportation capital and alternative investments, Vince started RESIDCO in 1982, and has completed both aviation and rail transactions through several major cycles in excess of $1.2BN, including syndications, non-recourse debt securitizations, restructurings, hedging projects and asset repositioning and remarketing assignments. Mr. Kolber pioneered the use of privately placed derivatives in large ticket equipment leasing, establishing extensive applications for residual value insurance and puts in both aviation and rail structured financings. These approaches have propelled RESIDCO as an alternative investment management company for institutional investors over several decades.

    He has chaired the Equipment Leasing and Finance Association (“ELFA”) Aviation and Fair Business Practices Committees, regularly volunteers as an ELFA lobbyist on Capitol Hill. He speaks for and writes on behalf of the transportation capital industry regularly.

    Mr. Kolber holds an MBA from the University of Chicago and a BS from Wharton. Mr. Kolber is active in parochial school philanthropy through Sacred Heart and the Big Shoulders Foundation. He is active in the Heritage Foundation and serves as Chairman of the Chicago Committee and is active with similar think tanks and civic projects.

  • Deborah EdwardsGeneral Counsel

    Deborah joined RESIDCO in August 2010 as General Counsel. Deborah brings over 25 years’ experience in the field of equipment finance. Previously, Deborah served as a transactional attorney for major financial institutions, including Bank of America, Transamerica, Household International (n/k/a HSBC) and Associates Commercial Corporation. Her experiences in commercial lending and leasing include structured finance, vendor leasing, municipal leasing, syndications, participations, restructurings, litigation management and risk assessment. She has closed secured financings over a wide breadth of asset types including aero, rail, marine, truck/trailers, manufacturing, construction, healthcare, FF&E, printing, technology and software.

    Deborah received her J.D. degree from Washington University School of Law in St. Louis, where she received the American Jurisprudence Award in Commercial Law. She received a bachelor’s degree in Finance from Indiana University, in Bloomington, with honors.

    She is a member of the American Bar Association, the Equipment Leasing and Finance Association, North Shore General Counsel Association and the Association of Corporate Counse

  • Greg SchmidManaging Director - Rail

    Greg oversees the development, management and remarketing of railcar and locomotive investments. Mr. Schmid is a railcar and locomotive equipment specialist, with 20 years of railroad industry market expertise. He integrates his detailed market and component knowledge with structured fleet and leasing solutions for end users. He has led significant growth of the company’s portfolio since his arrival in 2006. Prior to joining RESIDCO, Mr. Schmid was National Sales Manager at Relco Locomotives, where he was responsible for leasing and sales, as well as the sale of locomotive remanufacturing services.

    Previously he was a Director at David J. Joseph where he was responsible for developing locomotive leasing to users and syndication of leased units to funding sources. Prior to joining David J. Joseph, Mr. Schmid was Vice President and Partner at JMA Railroad Supply where he spent 10 years representing manufacturers of locomotive components.

    Mr. Schmid holds a BA from Purdue University, and is a DePaul University MBA candidate.

  • Andrew SistiManaging Director - Capital Markets

    Andrew joined RESIDCO in June 2016 after two and a half years at US Bank Equipment Finance, where he was a Managing Director, heading the group’s sell-side syndications effort. In that capacity, he oversaw all aspects of the group’s syndication, arranging and portfolio sales efforts.

    With nearly twenty-seven (27) years in big-ticket domestic and cross border leasing, Mr. Sisti has extensive experience with the structuring, packaging and sale of nearly $14 billion of transactions of scale, over a variety of asset classes.

    Prior to joining US Bank, he ran the syndication and lessor advisory effort for BTMU Capital Corporation. Before that, he was Director of Syndications for Banc of America Leasing & Capital Group and was Vice President of Citigroup’s large ticket Asset Finance Group (AFG).

    For a brief period, in 2012/2013, Mr. Sisti successfully advised a Chicago-based investor or the sale of a majority limited partnership interest in a leveraged lease involving a corporate headquarters building, and a UK investor on the purchase of aircraft from two US equity investors.

    Mr. Sisti holds an MBA in Finance from Columbia University’s Graduate School of Business, as well as a BA (Cum Laude) in Economics from Fordham University/Fordham College.

  • Scott DanielsManaging Director - Aviation

    Scott is responsible for RESIDCO’s aviation portfolio, originations and aircraft remarketing. Mr. Daniels also oversees third party aircraft remarketing assignments. Prior to RESIDCO, Mr. Daniels was Vice President of Asset Management at BACK Aviation Solutions where he was responsible for third party remarketing, appraisal and technical services. While at BACK, Mr. Daniels’ clients included Wells Fargo, Barclays Capital, M&T Bank, Bank of America, Allied Irish Banks, Verizon Capital, Mitsui and numerous airlines worldwide.

    Previously, Mr. Daniels was a Vice President at UniCapital Air where he managed a 50-aircraft portfolio. Prior to UniCapital, he was the Editor of Speednews reporting on global aviation news. Mr. Daniels has remarketed, both as a principal or mandated remarketing agent, over 40 aircraft and numerous engines, including turboprop, regional jet, narrow body, wide body aircraft and their engines. He has as acted on the buy side as principal for 15 aircraft.

    Mr. Daniels holds an MBA from Embry-Riddle Aeronautical University in Daytona Beach, FL and a BA in Economics from University of Redlands, CA. He is an active member of the International Society of Transport Aircraft Trading (“ISTAT”).

  • Kevin BahnlineDirector - Rail West

    Kevin is responsible for railcar marketing activity in the Central and Western United States. He has nearly 20 years of North American freight and passenger rail experience specializing in both locomotive and railcar asset types. At RESIDCO, he assists in managing and implementing marketing and sales strategies to meet corporate goals while focusing on both customer retention and growth strategies. Kevin also works to identify areas of acquisition opportunities and is a member of many industry organizations and technical committees, Kevin maintains external corporate image and reputation while protecting and developing the company's brand, PR activities and intellectual property management.

    Previously Mr. Bahnline was a Director of Transit Locomotive Sales and Gov’t Funding with Electro-Motive Diesel, where he contributed as a senior staff member to the executive management team through the formulation and execution of a multi-year product plan to re-enter the North American Transit Industry. Kevin was responsible for the successful sales and marketing of high speed passenger locomotives, repowered low emission locomotives and aftermarket services. Kevin was accountable for all government funding activities with federal, state and local agencies to promote and position their competitive product advantages while helping to offset customers’ acquisition costs. Mr. Bahnline holds a BA from Benedictine University.

  • Mike LewickiDirector - Rail East

    Michael is responsible for railcar marketing activity in the eastern and southwestern United States. Mr. Lewicki has over 30 years experience in the North American freight railcar industry, specializing in remarketing, credit analyses and asset management of operating fleets of railcars.

    Previously Mr. Lewicki was Vice President of Asset Management with BTMU Capital Corporation, a wholly owned subsidiary of Bank Tokyo Mitsubishi UFJ and an Assistant Operations Manager for CIT Corporation, where he led timely investigation, analysis and review of structured debt, cross border, project, and residual risk transactions. In addition to the rail industry, Mr. Lewicki specialized in power generation, aircraft, ocean going container, mining and manufacturing financings.

    Mr. Lewicki graduated from the University of Massachusetts at Lowell, with a Bachelor of Science degree in Finance.

  • Michael YovkovichManaging Director Treasury & Control

    Michael is responsible for all treasury and control functions at RESIDCO. He has over a decade of experience managing and overseeing complex big ticket equipment lease transactions and has expertise in both the book and tax aspects of lease accounting. He is also actively involved in the cash management, annual audits, tax reporting and overall strategic planning of the enterprise.

    Michael has remained well versed on the upcoming changes to lease accounting by actively participating in various ELFA Lease Accounting seminars. He also has an active presence in 1031-exchange circles and has helped RESIDCO grow its balance sheet more rapidly by taking advantage of the tax benefits 1031 exchanges provide.

    Mr. Yovkovich holds an MBA from the University of Chicago Booth School of Business, graduating with honors, and a BS from the University of Illinois at Chicago, graduating summa cum laude and valedictorian of the business college. He is also a Certified Public Accountant in the state of Illinois.

  • Dave KolberDirector Aviation Marketing

    David is involved with the management, origination and remarketing of RESIDCO’s aviation portfolio. Prior to RESIDCO, Mr. Kolber was a Director in the Strategic Planning department at AERCAP, managing a global team of analysts who provided guidance on the economic and technical implications of the company’s leasing and trading activity. David supported hundreds of transactions involving clients all over the world and every Boeing and Airbus aircraft type flying the skies today. Previously, Mr. Kolber was a Director in the Technical department at ILFC where he specialized in maintenance event and cash flow forecasting and led several critical projects that were integral components of the company’s disposition from AIG. Prior to ILFC, he worked for ICF International, an aviation specific consulting company where he worked on projects for the company’s network planning and financial services groups.

    Mr. Kolber holds a BS in Business Administration from the University of Southern California. He is an active member of the International Society of Transport Aircraft Trading (“ISTAT”)

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Equipment Leasing & Finance Association

The Equipment Leasing and Finance Association is a national organization comprised of more than 850 member companies within the equipment leasing and finance industry.

The ELFA exists to promote and represent the general interests of the equipment leasing and finance industry, provide programs of benefit to the industry and its members, provide information, education and communications to the membership and the public, lead in the resolution of general industry problems, and promote high standards of business practice within the industry.

Click to view the ELFA Code of Fair Business Practices.

International Society of Transport Aircraft Trading

The International Society of Transport Aircraft Trading was founded to foster and promote interest in the principles and development or aeronautics, and to provide a forum for improved communication among those that engage in activities related to transport category aircraft.

ISTAT establishes and promotes standards for many aspects of the purchase or sale of commercial transport aircraft, including appraisals and a code of ethics.

Click to view the ISTAT Code of Ethics.

ISTAT Code of Ethics

It is felt by all members of our Society that we promote among our members and those employed in our business, the highest ethical standards. To that end, the following creed is hereby adopted for all members:

  1. In all transactions involving the conveyance or financing of aircraft, the members shall always endeavor to deal honestly and fairly with all parties.
  2. When a member is involved as a third party, separate from the Buyer and Seller (or Lessor or Lessee), the member shall at the earliest possible moment disclose to both parties his interest in the transactions and which party (Buyer or Seller) he is representing.
  3. All agreements for fees for a member acting as a third party in an aircraft transaction shall be in writing and shall be signed by the member and by the principals.
  4. All aircraft appraisals by a member, which are used, should be in writing and should be signed by the member.
  5. Where there is potential or actual conflict of interest by a member acting as a party to a transaction involving aircraft (including appraisals), the member should immediately disclose the nature of such conflict, in writing, to the concerned parties.
  6. A member shall only represent an aircraft for sale or lease by the member with the prior written consent of the owner, lessor or lessee, as applicable.
  7. A member shall appraise an aircraft only when the member is properly qualified to render an opinion on the particular aircraft.
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