Pravin Singh Joins Able Freight Services as Company Embarks on Global Expansion Strategy

Cements Able’s Strong Market Position While Setting Company on Next Growth Phase

LOS ANGELES--(BUSINESS WIRE)--Able Freight Services, LLC (Able), the country’s largest privately owned time-sensitive, perishables airfreight forwarder, welcomes the addition of Pravin Singh to the company’s executive team as its Senior Vice President of Commercial. Mr. Singh joins the Able family after a distinguished career at IAG Cargo and British Airways, most recently as IAG Cargo’s Vice President for the Americas, and previously as Regional Commercial Manager for Asia Pacific, India, and the Middle East based in Hong Kong. In these roles Mr. Singh was responsible for growing top- and bottom-line results while strengthening governance and compliance. Earlier in his career with British Airways, Mr. Singh lived and worked in India, United Arab Emirates, Kuwait, and Saudi Arabia.

Mr. Singh’s responsibilities include leading Able’s commercial efforts to expand its reach with customers and partners around the world. As the second largest airfreight exporter from Los Angeles International Airport, with additional operations in San Francisco, Hawaii, and Mexico, Able’s well-established leadership position helps ensure time-sensitive perishables arrive on-time. As the business and regulatory complexities and customer service expectations of global airfreight logistics expand, Able, under Mr. Singh’s commercial leadership, is uniquely positioned to service those needs.

Able, owned by Equity Group Investments (EGI), serves prominent global brands of produce growers, shipping companies, manufacturers, retailers, distributors, and government bodies who need to confidently ship time-sensitive and perishable goods, including fruits and vegetables, protein, seafood, e-commerce, and handling critical pharmaceutical and medical products with a trusted partner.

“For over 50 years, EGI has invested in great companies with tremendous growth potential,” said Mark Sotir, President, Equity Group Investments. “Much of our success derives from hiring transformational leaders and providing them with the guidance and resources needed for long-term success. Pravin’s global commercial experience and proven ability to make those around him better give us confidence he will not only help lead Able through its global growth phase, but also make a lasting positive impact on the entire industry.”

Able’s long-standing partnerships with leading commercial and cargo airlines around the world, together with its distributed global network of over 75 cold chain storage, handling, and last-mile logistics partners, provide Able with the competitive edge it needs to exceed customer expectations worldwide.

“Able’s storied history of innovation and exceptional service to their loyal customers is well known,” said Mr. Singh. “The combination of Able’s extensive global infrastructure and capable team, together with EGI’s long-term investment philosophy and relentless pursuit of excellence, proved to me that Able is the right place to launch the exciting next phase of my career.”

About Able Freight Services

Founded in 1992 and headquartered in Los Angeles, California, Able Freight Services, LLC is a high-growth, global airfreight forwarder currently servicing customers exporting time-sensitive goods from around the world to more than 60 countries. From its humble beginnings 30+ years ago, Able now serves prominent global brands of produce growers, shipping and freight forwarding companies, manufacturers, retailers, distributors, and government bodies. Leveraging its extensive network of cold-storage locations in Los Angeles, San Francisco, Hawaii, and Mexico and its network of trusted global partners, Able services time-sensitive perishable goods, including fruits and vegetables, protein, seafood, e-commerce, and handling critical pharmaceutical and medical products. The Company’s long-standing partnerships with leading commercial and cargo airlines and more than 75 cold chain partners (affectionately referred to as “local heroes”) around the world help provide Able the competitive edge it needs to compete on a global scale. Able is proudly the 2^nd largest airfreight exporter out of Los Angeles International airport. For more information, please visit www.ablefreight.com.

About Equity Group Investments

EGI is a private investment firm founded more than 50 years ago by Sam Zell. Backed by private capital, EGI is flexible and opportunistic with a primary focus on direct private investment opportunities but has the in-house expertise to invest across the capital structure. As long-term investors, EGI actively partners with portfolio company executives to execute strategic planning, implement operational efficiencies, and scale businesses. EGI has grown companies across numerous industries into multi-billion-dollar businesses throughout economic cycles. EGI’s current portfolio includes investments in healthcare, transportation and logistics, infrastructure, energy, consumer, industrial, manufacturing, agri-business, and real estate. For more information, visit www.egizell.com.

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FGS Global
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