RailSolutions, LLC has promoted Senior Vice President Mike Mahoney to President, effective Jan. 1, 2021. Mahoney, who succeeds Rob Blankemeyer, will assume responsibility for the company’s day-to-day operations. Blankemeyer will remain with RailSolutions as Senior Vice President.
Mahoney, based in Boulder, Colo., has been with RailSolutions for six months as Senior Vice President, focusing on appraisals, the RailSolutions Investors’ Guide to Railroad Freight Cars and Locomotives and special projects. Prior to RailSolutions, he served in various senior management roles with Helaba and DVB Bank, GE Capital, NatWest Markets and others. Mahoney has 40 years of experience in railroad equipment leasing, valuation and financing. He holds an MBA in Finance and Information Systems from New York University and a BS in Finance from the University of Virginia.
“Since joining RailSolutions in June 2020, Mike has brought a tremendous level of experience and industry knowledge to our firm,” said Blankemeyer (pictured) stated. “With the resources we now have, I believe RailSolutions is in a unique position to continue providing quality services to our existing clients, as well as expand the scope of the services we offer. I am very much looking forward to being a part of our firm’s growth and development.”
RailSolutions, founded in 1997 by Jim Husband and headquartered in Sewickley, Pa., describes itself as “the leading railroad equipment appraisal and valuation services company in North America.” The company also provides railcar and locomotive inspections, equipment portfolio analysis and lease valuation services, technical and information services and performs special projects. RailSolutions publishes the Investors’ Guide to Railroad Freight Cars and Locomotives, which presents sector-specific data for the most widely used 14 general service freight car types and 17 locomotive models. Customers can also subscribe to the Railroad Equipment Historical Database, a compilation and analysis of historical market values and lease rental rates from 1992 to 2020.