The Latest Updates from McNally

McNally Capital has made a majority investment in TENICA Global Solutions, a leading provider of integrated engineering, mission operations, cybersecurity, and digital modernization solutions supporting critical space, intelligence, and defense missions.

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.