PEAC Solutions (PEAC) hired Robert Mercogliano as senior vice president and head of asset management. Mercogliano will be responsible for developing the asset management strategy and remarketing efforts to better support fair market value leasing and residuals for PEAC.

Mercogliano is an equipment finance industry veteran with more than 30 years of experience. He joined PEAC from Bidadoo, a heavy equipment online auction company.

“I am thrilled to have Bob join our team,” Tom Lyle, COO of PEAC Solutions, said. “Bob brings a wealth of experience in all asset classes and will help build our offerings in construction, transportation and industrial, healthcare, office equipment and direct.”

“Under the new senior management team with decades of experience, I’m excited to join the PEAC family,” Mercogliano said. “The direction that the company has been heading is one that I think will open doors for a lot of potential and growth. Focusing on assets themselves, rather than a traditional selling model, is going to help PEAC soar to new heights as a best-in-class global equipment finance solutions provider, and I’m glad that I get to be part of it.”