Fort Point Capital, a Boston-based private equity firm, has made an investment in the Yandell Family of Companies, a transportation, warehousing, logistics and value-added service provider serving the wine, food and beverage industries.
Based in Benicia, Calif., Yandell consists of SC Warehouses, a temperature-controlled warehouse company, Yandell Truckaway, a provider of transportation and trucking services in northern and central California and Yes! Logistics, a freight brokerage. Yandell is Fort Point’s 16th platform investment and eighth investment from FPC Small Cap Fund II.
“After operating independently for the last 78 years, our family is excited to be partnering with Fort Point Capital,” comments John Yandell Jr., president of Yandell. “Their extensive experience investing in the logistics space combined with their partnership approach will provide us with the resources we need to enhance our service offering, invest in sales and marketing, and expand geographically.”
Live Oak Bank and NorthCoast Mezzanine provided debt financing for the transaction. Kirkland & Ellis, McCarter & English, and RSM advised Fort Point, while the company was advised by Janney Montgomery Scott.