Railroad Appraisal Associates (“RAA”) is the management consulting division of The Occor Company specializing in railroad asset valuation while serving operating, supplier, and financial services companies. Formerly Norman W. Seip & Associates, RAA is the oldest railroad specific appraisal business in the United States. Pat purchased the business in 2005 from its founder after working in a transition phase for two years. Pat is a member of the Equipment Appraisers Association of North America and is a Certified Senior Appraiser. We have an extensive database relating to new and used railroad equipment, and have been accumulating and refining our railroad equipment database since the RAA consulting business and its predecessor Norman W. Seip & Associates was founded in 1976. Areas of expertise include appraisals, equipment remanufacture, inspection services and general management consulting services.