Rinaldi Advisory Services announced Thursday that Edward Castagna, president of InPlace Auction LLC, has joined the firm as a strategic alliance partner.
Castagna, who holds ASA and CEA credentials, brings more than three decades of experience in asset management, remarketing and recovery services. He is expected to enhance Rinaldi’s offerings to equipment finance companies seeking to improve portfolio performance and manage risk.
“The ability to effectively manage, value and liquidate assets is a crucial component of risk management in equipment finance,” said Bob Rinaldi, president of Rinaldi Advisory Services. “Edward’s deep experience and high-impact approach bring tremendous value to our clients.”
The partnership will provide Rinaldi clients with asset valuation and remarketing expertise, end-to-end disposition services, and access to online auction technology tailored for the equipment finance sector. Customized strategies will aim to help financial institutions, independent lessors and OEMs reduce costs and improve recovery rates.
“Joining forces with RAS allows us to extend our expertise in asset remarketing and auctions to a broader network,” said Castagna. “Together, we will provide the tools, knowledge and execution strategies that help lenders and lessors achieve stronger financial outcomes.”
InPlace Auction LLC specializes in commercial and industrial asset auctions, while Rinaldi Advisory Services provides consulting for leasing companies, OEMs and financial institutions.
