Rasesh Shah - Chairman & CEO
Rasesh (Rash) Shah is the CEO & Chairman of Boundary Rail and oversees all aspects of the firm’s operations, including fleet acquisition, management, and customer service. Rash previously served as President of the Rail Group at The Andersons (NASDAQ: ANDE) for over 20 years until his retirement in 2018. He started the Rail Group in 1989 and built a fleet of over 25,000 railcars, making The Andersons one of the ten largest operating lessors in North America. Additionally, he diversified the Rail Group into railcar repair shops, containers, locomotives and short-line railroads. Prior to founding the Rail Group, Rash worked in various capacities at The Andersons, which he joined in 1978. He started his career as a design engineer for Sargent and Lundy Engineers in Chicago, IL. In 2018, Rash received the Norman W. Seip Award for industry excellence.
Rash continues to actively give back to his community in a multitude of capacities, including as member and past Chair of the United Way Greater Toledo Board, current member and past Chair of the Mercy Health Foundation, current member of the Toledo Zoo Board, Member of the University of Toledo Foundation Board, member of the University of Toledo College of Engineering Visiting Board, past Chairman of The Owens Community College Foundation, past Vice Chair of the Toledo Regional Growth partnership, past member of the Business Advisory Council of Cleveland Federal Reserve, and past chairman of the Toledo Edison Consumer Advisory Panel. He has also served on two for-profit boards, namely those of Lansing Trade Group and Iowa Northern Railway.
Rash received a BS in Mechanical Engineering, an MS in Industrial Engineering and an MBA, all from the University of Toledo, where he was recognized as a Distinguished Alumnus in 2007. In 2019, Rash established the Shah Center for Engineering Career Development at UT's College of Engineering, which works with students on co-op opportunities as well as job placement upon graduation.
Suril Shah - President
Suril Shah is a President of Boundary Rail and is responsible for investment strategy, deal sourcing and execution. Suril is the CEO & Managing Partner of Riller Capital, a real estate investment firm with over $1.5 billion in assets under management. Previously, Suril served as Managing Director and Head of U.S. Hotels at Starwood Capital Group, a real estate private equity firm, where he led Starwood Capital’s U.S. Hotel Acquisitions team and U.S. Hotel Asset Management team with a portfolio valued over $11 billion. From 2016 to 2018, Suril also served as President of SH Hotels & Resorts, a hotel brand management company that operates 1 Hotels, Baccarat Hotels and SH Collection properties. After joining Starwood Capital in 2005, Suril spent four years in Paris as a member of the management team of Groupe du Louvre, which owned, managed and franchised more than 1,000 hotels throughout Europe, in addition to over a dozen luxury hotels. Suril received a BS in Management Science & Engineering from Stanford University.
Rishi Shah - President
Rishi Shah is a President of Boundary Rail and is responsible for investment strategy, deal structuring and investor relations. Rishi is the Managing Principal of Chalkstream Capital Group, an investment firm with over $600 million in assets under management. Since joining Chalkstream in 2006, Rishi has been responsible for all investment related activities pertaining to a global portfolio invested across a diverse collection of asset classes, including real estate, public and private equities, and venture capital. He currently serves on the boards of several asset management companies. Prior to joining Chalkstream, Rishi spent two years as an analyst at Starwood Capital Group where he was involved in real estate acquisitions totaling $6 billion. Rishi received a BS, summa cum laude, in Economics from the Wharton School of Business at the University of Pennsylvania.
Joe Schwallie - SVP, Acquisitions & Portfolio Management
Joe Schwallie is the Senior Vice President of Acquisitions & Portfolio Management for Boundary Rail and is responsible for deal sourcing and execution, debt structuring and portfolio management. Joe previously served as Vice President of Structured Finance at Wells Fargo Rail where he managed secondary market operating lease buy and sell activity for the largest railcar portfolio in North America. Additionally, he was responsible for new originations and management of the capital lease portfolio, as well as relationship management with operating lessors and financial institutions. Prior to joining Wells Fargo Rail in 2015, Joe held various finance, accounting, and operations roles at both Macquarie Rail and CIT Rail, where he began his career in 2007. Throughout his career, Joe has negotiated and executed railcar purchase and sale transactions totaling $900 million and has been involved in railcar portfolio transactions of nearly $5 billion. Joe received a BS in Accountancy from Miami University and an MBA from Northwestern’s Kellogg School of Management.
Jeff Gill - VP, Head of Sales
Jeff Gill is the Vice President and Head of Sales for Boundary Rail. He is responsible for strategic relationship management with railcar lessees, developing and executing successful sales strategies, and driving revenue growth. Prior to joining Boundary Rail, Jeff spent 15 years in the recruiting industry serving in a variety of leadership, sales, and recruiting roles. His most recent position was Director of Client Solutions at Job.com where he managed a team of nine during a time of significant change and growth. He was also responsible for the generation of $30 million in annual revenue. Passionate about providing outstanding customer experiences, Jeff specializes in connecting customers with solutions that meet their needs. Jeff dedicated more than a decade of service to the U.S. Air National Guard where he finetuned his leadership skills and provided maintenance support on F-16 fighter jets. Jeff received a BS in Sales and Marketing with a minor in law from the University of Toledo.
Kevin Dubbins - Director, Operations & Portfolio Management
Kevin Dubbins is the Director of Operations & Portfolio Management for Boundary Rail and is responsible for fleet operations and analysis as well as mechanical engineering. Kevin previously served as a maintenance and modification engineer for TTX where he was responsible developing and auditing repair procedures, preventative maintenance plans, and modifications to existing railcars. While at TTX he also served on several AAR Technical Committees. Prior to joining TTX in 2018, Kevin was a manager of mechanical maintenance in the field for the car department for Union Pacific where he began his career in 2014. Kevin received a BSE in Mechanical Engineering from the University of Iowa and is a licensed Professional Engineer.