McNally Capital is pleased to announce its latest honor in being named to Inc.’s 2024 List of Founder-Friendly Investors. This annual list honors the private equity, venture capital firms, and lenders with a track record of backing founder-led companies.
McNally Capital is pleased to announce that the firm has completed the previously announced sale of Advanced Micro Instruments, Inc. to Enpro Inc. (NYSE: NPO). The sale, completed on January 29, 2024, marks the fifth realized portfolio company for McNally Capital.
The firm is pleased to announce the promotion of six team members: Ravi P. Shah (Partner), Michael P. Ember (Principal), Sahil Mathur and Zach Wood (Vice President), Luther Rice (Senior Associate), and Chad Mateja (Accounting Manager).
McNally Capital is pleased to share that Xcelerate Solutions, a portfolio company of McNally, announced its merger with VMD Corp, a cybersecurity, agile engineering, and critical infrastructure protection firm based in Fairfax, Virginia. The combined company will go to market as Xcelerate Solutions, offering a comprehensive, mission-first portfolio of secure solutions to the federal government.
McNally Capital is pleased to announce that Lou Rassey has been appointed as Co-CEO and Managing Partner of the firm, a new position. Lou joins McNally with 30 years of executive leadership and business-building experience. In the newly formed role of Co-CEO, Lou will work alongside Founder, Co-CEO, and Managing Partner Ward McNally to shape and lead the next chapter for McNally Capital.
McNally Capital is pleased to announce the sale of The Re-Sourcing Group to MidOcean Partners. Re-Sourcing is a leading provider of strategic staffing, consulting, and direct hire solutions, focusing on Compliance, Legal, Information Technology, Finance, Accounting, and HR positions. The Company serves clients through seven premium brands: JW Michaels & Co., Compliance Risk Concepts, ExecuSource, Perennial Resources International, Partnership Employment, Technology Navigators, and Conexus Recruiting.
McNally Capital is pleased to announce that the firm has entered into a signed purchase agreement to sell Advanced Micro Instruments, Inc. to Enpro Inc. (NYSE: NPO). AMI is a leading provider of highly engineered, application-specific analyzers and sensing technologies, serving customers in the midstream natural gas, biogas, industrial processing, cryogenics, food processing, laboratory, wastewater, and aerospace markets.
Smith & Oby, leading Midwest HVAC and plumbing mechanical contractor and services provider, appoints Jake Wattenbarger as its new President and General Manager. McNally Capital worked alongside the management team and board to conduct a thorough and successful search process. “We are thrilled to have found Jake for this role,” said Ravi P. Shah.
McNally Capital is pleased to introduce you to our two newest team members and to announce the promotion of one of our Fundraising & Investor Relations team members.
Xcelerate Solutions announced the addition of three highly accomplished professionals to its leadership team. The new appointments include Tim Conway as a board member, Anne-Marie Evans as Chief Financial Officer, and Michael Heller as Vice President of Human Resources.
WashingtonExec named Jane Chappell one of 25 Top Space Execs to Watch in 2023. For this list, WashingtonExec “identified the directors, managers, leaders and C-suite leaders in industry and government helping advance the U.S. space mission.”
McNally Capital’s portfolio company, Altamira Technologies, a leading provider to the U.S. national security community, announced their acquisition of Virginia Systems & Technology, Inc. (VaST), a Virginia-based signals intelligence mission company.
The 2022 year was full of success and continued growth for McNally Capital as we reflect on highlights and a look at the new year.
McNally Capital completes a platform investment in Xcelerate Solutions, a leading defense and national security company, providing integrated solutions delivered through three service areas – Enterprise Security, Digital Transformation, and Strategic Consulting. The partnership aligns with McNally’s internal expertise in the Aerospace & Defense industry and investment thesis in intelligence and national security.
McNally Capital’s portfolio company, The Re-Sourcing Group, a prominent national hiring provider, announced the addition of Conexus Search as a new partner among the Re-Sourcing family of brands.
Fund Flow podcast interviewed Beth Rahn, Principal & Head of Family Capital at McNally Capital, for insights into the state of the emerging manager market. Beth and Jon Finger, McGuireWoods’ podcast host, talk about why alignment of longstanding values and mission can lead to a track record of successful deals.
McNally Capital is pleased to announce its latest honor in being named to Inc.’s 2022 List of Founder-Friendly Investors. This annual list honors the private equity and venture capital firms with the best track records of success backing entrepreneurs.
McNally Capital is pleased to announce the final closing of its inaugural private equity fund, McNally Capital Fund II. McNally Capital has raised over $150 million from limited partner fund commitments and related co-investments.
Smith & Oby, a McNally Capital portfolio company and leading commercial HVAC installation and services provider, is seeking HVAC add-ons. Our goal is to build a scaled national platform that maintains the culture and values upon which the company was built.
McNally Capital completes a platform investment in Smith & Oby, a leading Midwest HVAC and plumbing mechanical contractor and services provider serving primarily the healthcare, education, commercial & industrial, and civic end markets. The investment aligns with McNally’s focus on acquiring founder- and family-owned businesses, as well as with McNally’s investment thesis focused on facilities management and HVAC.
