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 $330m in assets
RESIDCO’s rail portfolio of freight cars and locomotives exceeds 9000 railcars
RESIDCO’s current aero portfolio consists of commercial aircraft and engines ranging from Cessna 208Bs to MD-11 Freighters
RESIDCO’s maintains underwriting capacity exceeding $160m
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: “Honest and Equitable Dealing”
LEADERSHIP
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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.
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Scott Daniels
Managing Director - Aviation
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Michael Yovkovich
CFO
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Plamena Genc
Director of Treasury & Control
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Kevin Bahnline
Director -
Rail WestView Full Profile -
Mike Lewicki
Director -
Rail EastView Full Profile -
Dave Kolber
Director Aviation Marketing
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ADVISORS
Deloitte Touche Tohmatsu, one of the nation’s leading professional services firms, provides accounting, assurance and advisory, tax, and management, financial and human capital consulting services for more than 30,000 people in over 80 U.S. cities.
Grant Thornton LLP, the U.S. member firm of Grant Thornton International, one of the six global accounting, tax and business advisory organizations. Through member firms in 112 countries, including 50 offices in the United States, the partners of Grant Thornton member firms provide personalized attention and the highest quality service to public and private clients around the globe.
AFFILIATIONS
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:
- In all transactions involving the conveyance or financing of aircraft, the members shall always endeavor to deal honestly and fairly with all parties.
- 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.
- 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.
- All aircraft appraisals by a member, which are used, should be in writing and should be signed by the member.
- 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.
- 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.
- A member shall appraise an aircraft only when the member is properly qualified to render an opinion on the particular aircraft.