Key Equipment Finance announced it has named Andrew J. Falcone director, North American rail. In this role, Falcone will grow the company’s U.S. rail market presence, enhance its capabilities, expand relationships within the rail industry, and increase rail client efficiency and profitability through equipment financing solutions.

“Andy is a U.S. rail industry expert with a proven track record of achievements who can further develop Key Equipment Finance’s success in rail equipment financing,” said Deborah B. Brown, senior vice president, large corporate, and Great Lakes sales director, at Key Equipment Finance. “As the largest form of freight transportation in North America, rail is a strategic focus for our company, and our team looks forward to gaining Andy’s two decades of expertise as we bring our financing solutions to rail customers.”

Before joining Key, Falcone spent 19 years at BTMU Capital Corp., the last two years as managing director, Beacon Rail Leasing Inc., and the previous eight years as managing director, North American rail. Previously, he worked for five years in sales and marketing at Gould Shawmut Inc.

Falcone has an MBA from Boston University and a bachelor’s degree in economics from Providence College.

Key Equipment Finance is one of the largest bank-based equipment finance providers in the U.S. The company provides tailored equipment lease and finance solutions for commercial clients and government entities. Through its vendor services unit, equipment finance programs are developed for manufacturers, distributors and resellers in the U.S., Canada and Europe. Key Equipment Finance also provides lease capital markets support for corporations looking to optimize risk and revenue. Headquartered outside Denver, Colorado, Key Equipment Finance manages $8 billion in assets and originates over $3 billion of equipment financing annually.