Fort Point Capital, a Boston-based lower middle market private equity firm focused on growing business services companies, announced today that its portfolio company, Yandell Companies ("Yandell"), has appointed Rick Moradian as Chief Executive Officer, effective immediately.
Rick is a global supply chain executive, with 30+ years of leadership expertise in domestic and international transportation, warehousing, e-commerce, and fulfillment services. Most recently, Rick was the CEO of Unity Express Logistics, a time and temperature critical last-mile delivery company specializing in the pharmaceutical, medicine, and e-commerce sectors, and Wineshipping, the leading provider of direct-to-consumer fulfillment services to the wine industry. In addition, Rick served as the CEO of Fleetgistics, the CEO of ServiceCraft Logistics, and the President of APL Logistics for Asia, the Middle East, and Africa.
Commenting on the appointment, Brooke Ablon of Fort Point Capital predicted a bright future under Rick's leadership. Ablon stated, "We are thrilled to welcome Rick to Yandell. His extensive industry experience and proven track record of driving innovation and growth in the wine and logistics industries will be extremely beneficial to Yandell. We are confident that his strategic vision and leadership will help strengthen the company as it continues to grow and expand."
"I am delighted to lead Yandell’s distinctive structure and culture," said Rick. "We have significant opportunities for growth ahead, given our omnichannel setup and commitment to stewardship. The supply chain landscape is changing, which presents unique opportunities for Yandell to drive better solutions, extend the benefits to more partners, and deepen our commitment to the environment."
About Yandell
Founded in 1945 and headquartered in Benicia, CA, Yandell Companies is a leading omnichannel service organization that provides complete supply chain solutions for the wine, specialty food, and beverage industries. Yandell Companies adheres to a simple purpose: to be the industry's trusted steward and give their partners the best quality service. To learn more, please visit yandellcompanies.com.
About Fort Point Capital
Fort Point Capital ("Fort Point") brings a management-led, growth-oriented approach to private equity investing, targeting fragmented sectors of the business services industry. Founded in Boston in 2011, Fort Point partners with founders and management teams to accelerate growth and performance by providing resources to help expand teams and establish infrastructure, enhance service offerings, access new markets, and support strategic add-on acquisitions. Fort Point fulfills its commitment to management, employees, and shareholders by employing a repeatable process to drive durable value, as evidenced in over 40 acquisitions since its inception. Fort Point Capital is currently investing from FPC Small Cap Fund III. To learn more, please visit fortpointcapital.com.