Leasing News Advisor
Edward Castagna, CEO
68 South Service Road, Suite 100
Melville, New York 11747
Tel. (516) 229-1968
Cell (516) 297-7775
Fax. (516) 882-7924
Ed joined the Leasing News Advisory Board on February 4, 2004. His contributions have been centered not only on his knowledge of leasing companies or their “assets,” but his design, understanding, and use of the internet as a global sales tool.
Over 25 years ago, used equipment dealers and mechanics taught him what to look for and which questions to ask when evaluating machinery and equipment for resale. Since then, he's honed his appraisal skills through hands on experience and continuing education. InPlace Auction's appraisals contain insightful and common sense values delivered professionally. He has been an expert witness with a 100% rate of success in courtroom defense of challenged value. He has been retained as the face-to-face contact with defaulting business owners by a variety of Fortune 100 creditors, relying on his tact, expertise, and determination to resolve uncomfortable and potentially dangerous situations.
Ed has been trusted and charged with the difficult task of liquidating distressed companies to the bare walls. He's helped liquidate assets of thousands of companies in industries as varied as television, manufacturing, transportation, medical, municipal, financial, textile, automotive and commercial real estate just to name a few. "It's my responsibility to treat everyone with respect, regardless of their circumstances. That's how I've been able to successfully and peacefully defuse even the most precarious of situations. I know exactly how to resolve most situations, but also know when it's time to walk away and return promptly with a court order and appropriate authorities."
An early adopter of web based technology in 1988, he was the first in the industry to create a high volume internet enhanced recovery, remarketing and reporting web based service. He is now applying this experience in conjunction with the latest technology to the auction business and currently holds live and on line auctions. His latest auctions sold Intellectual Property, Real Estate, Machinery, & Building materials
He earned a B.A. in Psychology from Syracuse University, and is a graduate of the Mendenhall School of Auctioneering. He has been educated in appraisal procedure and ethics by The American Society of Appraisers. Ed served on the Equipment Leasing and Finance Association (ELFA) Board of Directors from 2006-2009 representing its service provider members; is on the service providers business council of the ELFA; is a member of the fair Business Practices Committee.
He is one of the founding members, and serves as the current President, of the Tender Loving Care Foundation (www.tenderlc.com); is an advisory board member to South Bronx Education Foundation (www.sbef.org) and most recently was tapped to join the board of directors of the Stewart Fund. He is also a Steward of St. Brigid's R.C. Church (www.saintbrigid.net) and he says his favorite place to be is anywhere with his wife Jeanine and their two boys.
Ed, Sam Castagna, 15, Jeanine Castagna, Jack Castagna, 12
[Leasing News Advisory Board]