PLM International ("PLM") was founded in 1972 as a manager of railcar investments. From 1972 through 1996 it raised over $1.7 billion of equity for investment in railcars, aircraft, marine containers, and shipping vessels. In 1988 PLM was listed on the American Stock Exchange and remained public until 2001 when it was acquired by affiliates of Hera East Holdings. In 2005 PLM sold its railcar leasing business to CIT Group Inc. and its investment program business to an affiliate of AMA Capital Inc.
Today, PLM is a platform for its management and equity owners to make private equity investments in basic industry, real estate, and financial services. In addition to its transportation businesses, during the past several years management and its affiliates have acquired or managed an income producing real estate portfolio consisting of over 1 million square feet of commercial and industrial space, 1,700 apartment units and a development portfolio which consists primarily of a 275 acre single family home project in Malibu, California, a 1,000 unit single family home development in Kelowna, British Columbia, and over 100 acres of mixed use land in Florida. They also are joint owners of two ski resorts (located in Durango, Colorado and Kirkwood, California) with approvals to develop in excess of 1,000 housing units, and Caneel Bay, an exclusive hotel on the island of St. John.
Gary has been Chairman of the Board of PLM since 2001, and is the CEO of Hera East Holdings LLC, a private investment company. He was President and Chief Executive Officer of Equis Financial Group, from 1994 until 2005. He purchased a controlling interest in EFG in December, 1994. From 1987 to 1990, Mr. Engle was a principal and co-founder of Cobb Partners Development, Inc., a real estate and mortgage banking company, with its principal offices in Florida. From 1980 to 1987, Mr. Engle served in various capacities with Arvida Disney Company, a large-scale community real estate development company owned by the Walt Disney Company. Mr. Engle has an MBA from Harvard University and a BS degree from the University of Massachusetts(Amherst). Mr. Engle serves on the Boards of several companies that he and his affiliates have investments in.
Jim has been President and CEO of PLM since 2001, and is President of Hera East Holdings, LLC.. He was also Executive Vice President of EFG from 1994 until 2005. From May 1993 through November 1994 he was with a private investment firm, where he was responsible for financing corporate and real estate acquisitions. He became a director of Xybernaut Corporation, a technology company acquired by an affiliate, in January 2007. He began his career in 1982 with the accounting firm of Ernst & Whinney. He has a BS in Business Administration from John Carroll University, a Masters Degree in Accounting from Case Western Reserve Universityand is a Certified Public Accountant. Mr. Coyne serves on the Boards of several companies that he and his affiliates have investments in.