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Irontrax was founded in Cleveland, Ohio in 2003 by Joe Santora, a former equipment asset manager at First Merit Bank in Akron, Ohio. Joe, and his equipment manager counterparts at other financial institutions, struggled with finding equipment appraisers that delivered true valuations upon liquidation. Joe, who made it his business to deeply understand equipment valuations, was asked by one of his former banking counterparts to appraise a piece of equipment. Seizing this need in the market, Joe subsequently left First Merit and launched Irontrax.
Company milestones, include:
• 2003: GE Capital and National City (now PNC Bank) become Irontrax’s first clients
• 2005: First appraisal job in excess of $50 million in assets
• 2005: 25 clients on board
• 2006: First appraisal engagement in Canada
• 2006: First appraisal job in excess of $85 million in assets
• 2006: First job in the Caribbean
• 2006: Floor plan audits added to list of services
• 2007: 50 clients on board
• 2008: First appraisal job in excess of $100 million in assets
• 2009: Company strengthens its position to sell assets in Latin American markets with the addition of Art di Mauro
• 2010: Irontrax showcases at the Equipment Leasing & Finance Association (ELFA) Equipment Manager’s Conference
• 2011: Irontrax participates in CONEXPO
• 2011: Company deepens its expertise in transportation with the addition of Mike Holck to the team
The Irontrax team brings an average of 20 years valuation expertise to the construction, transportation, mining and crane industries. Please click one of the links below for individual biographies & contact information.