Jonathan Rosenthal is a serial entrepreneur. He has repeatedly conceived of a world different than that which existed, and launched companies to harness macro industry change. Each new venture was designed to capture opportunity, as consumers adapted to transformation.
In 1983 he recognized the inevitable upheaval in transportation that would come after deregulation of the airline industry and the end of the Civil Aeronautics Board. In anticipation, Rosenthal launched his first company – NetAir International. He foresaw the realignment of airline networks from point to point service to a hub and spoke system and the difficulties that would befall time sensitive executives. The solution was to disrupt the localized and fragmented jet charter business by building the first multi-city on demand jet charter company, providing immediate access through centralized dispatch, standardized training, national accounts, and uniform branding.
That which now seems obvious wasn’t easy to evangelize in ‘83. But with the help of active investors Jay Chiat, Linden Blue, Wally Schirra, Honorable John Lindsay, Hycliff Ventures and others NetAir was born. As Chairman and CEO Mr. Rosenthal grew NetAir into the largest certificated non-scheduled carrier in the U.S with 18 flight centers and over 100 jets providing “random access” transportation to 1,700 cities. A public offering in 1985 helped spur growth, and in 1989 Rosenthal successfully exited with a sale of his shares to a private equity investor at time when rival NetJets had a dozen aircraft.
Again seizing upon transformation, in 1990 Rosenthal saw the proliferation junk bonds of the 80’s creating distressed opportunities. Rosenthal launched Saybrook Partners, a merchant bank specializing in complex municipal and corporate turnarounds and restructurings. Timing was fortuitous, resulting in more than $200 billion in transactions across nearly 100 platform entities (1990-2006), including Pacific Gas & Electric Company, Orange County, Adelphia, Kmart, Foster Wheeler, and United Airlines.
By 1999 it seemed to Rosenthal that “alternative” investment managers needed to diversify by building multi-strategy platforms. The success of SRA provided sufficient cash flow to launch a Registered Investment Advisor (RIA) and ultimately 9 closed end funds across 4 strategies, deploying capital for institutional investors. In 2007 Rosenthal began to focus exclusively on principal investing in the corporate middle market, starting Saybrook Corporate Opportunity Funds (SCOF), 2 institutional closed end private equity vehicles for investing in complex control and non-control situations in the U.S and Canada. Today SCOF has invested approximately $300 million in 21 core investments with 11 realizations.
Rosenthal currently serves as Chairman of TTSI, one of the largest port trucking companies in the Los Angeles / Long Beach Harbor; Taylored Logistics, a bi-costal mid-size third party logistics provider (3PL) operating approximately 1.5 million square feet of warehouse, and Accretive Solutions, a finance and accounting staffing and consultancy firm with approximately 800 professionals in 11 cities. He is the Founder / Chairman of the Los Angeles Harbor Performance Enhancement Center, and a technology data management start-up, WherehouseIT.com.
Rosenthal was recently appointed by the U.S. Transportation Secretary to the Marine Transportation System National Advisory Committee, and by the Mayor of Los Angeles to the Los Angeles Sustainable Freight Advisory Board. Mr. Rosenthal was elected by his peers to the International Board of Trustees of the Turnaround Management Association. He is the Founding Chairman of the Harvard Graduate School Leadership Institute, and is on the Board of Directors of the University of Southern California, Center for Supply Chain Management. Rosenthal is the immediate past Chairman of the Los Angeles chapter of World President’s Organization (WPO) and is currently a member of the WPO Pacific Regional Board. He has lectured in the area of transformational change at the University of Chicago, UCLA, John’s Hopkins, and Harvard College. He is a Member of the Colorado, New York, and Federal bar associations, and is married with 2 children.
Jim DeVeau is a retailer at heart. After twenty (20) plus years running operations for vertically integrated retailers such as Lord & Taylor, AnnTaylor, Charming Shoppes and Footstar, Jim made the switch to the service industry with a focus on the manufacturing, wholesale & retail sector.
After assisting Footstar with its massive restructuring efforts in 2004, Jim decided to take his transportation, warehousing, distribution and logistic skill sets and apply them in the third party logistic (3PL) industry.
On January 1, 2005, Jim joined FMI International, a KRG Capital company, as FMI’s Chief Operating Officer and Board Director Member. Over a ten (10) year span (2005 to 2014), Jim held various C-Suite level positions at FMI International, Summit International Logistics and Toll Global Forwarding. Jim’s last position at Toll was as the head of commercial sales in the Americas.
Mr. DeVeau took over the reins at Taylored Services, LLC as the company’s President & CEO and Board Director on February 24, 2014. Within three (3) years Jim has taken the company to new heights in revenue and earnings. Under his watch, the company has received significant industry recognition from Top 100 3PL rankings to the Excellence Award from USC and most recently, the Top Multi-Channel service award winner.
Jim holds multiple undergraduate and graduate degrees from Northeastern University. Jim is a frequent speaker at industry trade shows and conferences and has received numerous accomplishment awards as a top logistics executive.
Mr. DeVeau was past Chairman of the FDTC and currently sits on the Advisory Board of Warehouse Exchange. Most notably, Jim was chosen by the US Chamber of Commerce to represent retail trade post 9/11.
Mike is responsible for oversight of all finance and accounting activities, as well as, Human Resources and Legal at Taylored Services. Additionally, Mike is a director for Taylored’s operating companies. Mike came on board at Taylored in 2012 subsequent the acquisition by Saybrook Capital.
Prior to joining Taylored, Mike’s roles included CFO at six different companies ranging in size from $50 million to $700 million. Also, Mike spent 15 years at PepsiCo where he was a senior finance leader of a $1.2 billion beverage business unit. Mikes background includes over 35 years of experience in the 3PL business, vitamins and supplement industry, consumer products, engineering and construction.
Tom is responsible for Information Technology, Engineering and the Taylored PMO. In addition, Tom leverages his extensive Software Engineering, Design and Development skillsets working closely with Taylored’s Software integration and process improvement teams. Prior to coming to Taylored Services in 2014, Tom ran IT for a $2.8 billion window manufacturer and a $1.2 billion dollar electronic media organization.
Tom has spent 20 of his 30 years in IT working for 3PL’s where he put in place systems to manage Retail, Wholesale, Direct Response, Catalog and eCommerce business. Coming into the business as a developer and moving up the chain over the past 30 years, Tom knows what it takes to keep pace with the dynamic 3PL market.