Meet our team

Leadership That Drives Lasting Value

We help business leaders make confident decisions, overcome challenges, and build stronger organizations with practical strategies and experienced financial guidance.

Michael Novielli

Managing Partner

Michael co-founded Dutchess Capital in 1996, which invested in over 300 companies globally for a total transactional value of over $1 billion. He currently co-manages the firm’s strategic advisory and business consulting practice and has served as a director and advisor to select portfolio companie…..

Joe Zappulla

Managing Partner

Joe brings over 35 years of deep experience in financial, investment, and operational analysis, with a strong focus on consulting to executive management. He co-leads the firm’s corporate advisory and communications practice, delivering strategic consulting and management advisory solutions across diverse industrie…

Yvonne Zappulla

Managing Partner

Yvonne is a senior executive with over 35 years of experience in strategic and financial advisory, operations, market research, and investor communications. As Managing Partner and majority owner of Dutchess Capital Advisors LLC, she leads GSA engagements that help federal agencies strengthen financial performance, streamline operations…

Fred Cary

Managing Partner

Fred joined Dutchess in 2024 and has been a strategic advisor to the firm for sixteen years. In 2009, he was appointed CEO of City Loan, a Dutchess portfolio company.  Within several years, he tripled revenue and assisted Dutchess in engineering a profitable exit to a PE firm. Fred is a recognized small business… thought leader and strategist and… 

Helping Drive Business Growth Since 1996

For over 30 years, Dutchess Capital has helped companies create a clear path to improving performance and increasing stakeholder value.

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