Residco

Residco is a Chicago firm that invests in transport equipment. It owns and leases aircraft, engines and parts. It also invests in rail cars and locomotives. The company says it has invested over 2 billion dollars in rail and aviation assets. The firm describes itself as an innovator in transportation capital and alternative investments. Its office is in the Chicago Loop.

On the aviation side, Residco invests in commercial and corporate aircraft, engines and components. The aircraft range from turboprops to widebodies. The company also holds the engines that power them. It provides leasing and financial solutions to customers around the world.

On the rail side, it invests in many kinds of freight cars. These range from gondolas to special tank cars. Its locomotive knowledge covers all types, from small switching units to six-axle mainline units.

The company calls itself a specialist investor and lessor. The work needs several skills. These include remarketing, syndications, equity and debt structuring, leasing and a sound view of equipment market values. Residco also manages large pools of freight cars, locomotives and aircraft for other lessors and joint venture partners.

It also offers residual support and derivative structures for other investors. New entrants can team up with it through joint ventures and structured debt. Residco says its ties with banks and other financial firms make this possible.

The company marks 40 years in business. Its motto is Honest and Equitable Dealing. It says its culture rests on a customer-centered approach, creative structuring and prompt action. It says its size and wholesale reach help it react fast when markets change. One senior leader joined in 2014 after 18 years at The Northern Trust Company, where he was president of Norlease.

The website carries market notes on aircraft and rail leasing. Recent posts cover interest rates, passenger traffic growth and investment risk. It also lists its leaders and has a form for questions.