The Latest Updates from McNally

McNally Capital portfolio company Foundral strengthens its mechanical contracting platform with the acquisition of A. Hattersley & Sons, which brings over a century of experience in delivering high-quality mechanical solutions across commercial, industrial, and institutional markets.

McNally Capital portfolio companies Quiet Professionals and Spathe Systems have rebranded as Endurion, a mission-focused defense and technology company for the U.S. Special Operations community and broader national security missions.

The firm is pleased to announce the promotion of four team members‍: both Brooks Hulett and Rob Kirk to Principal, and Luther Rice and Mary Pizzo to Vice President.

2025 was a year of meaningful progress and continued growth at McNally Capital. In a market filled with uncertainty, we stayed true to our investment discipline and sector focus in the lower middle market, completing two platform acquisitions and two add-on investments.

We are pleased to announce our acquisition of Airforce Turbine Service, Ltd. (“ATS”), a leading independent global aviation services company specializing in maintenance, repair, and overhaul (“MRO”) of the PT6A turboprop engine family.

McNally launches Foundral, a newly formed and rapidly expanding family of union-backed mechanical contracting companies. Foundral builds on the success and legacy of an existing McNally Capital portfolio company: Smith & Oby.

The combined platform, a merger of the firm’s portfolio company, Quiet Professionals, with Spathe Systems, is positioned to become the leading provider of defense technology and operational support solutions with a specialized focus on the U.S. Special Operations Forces community.

McNally Capital and Smith & Oby are seeking partnership opportunities with commercial HVAC mechanical contractors.

The firm’s strategic investment in a leading provider of advanced technology and intelligence solutions for the U.S. national security community will drive next-phase growth in the sector.