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.