McNally Capital Announces Promotions of Four Team Members
McNally Capital (“McNally”), a private equity firm, is pleased to announce the promotion of four team members.
Brooks Hulett
Principal
Rob Kirk
Principal
Luther Rice
Vice President
Mary Pizzo
Vice President
Brooks Hulett has been promoted to Principal on the Investment team. He joined the firm in 2025 and will continue to focus on evaluating and executing private equity investments within the firm’s Industrial Technology & Services and Aerospace investment sectors. Brooks is active in supporting McNally’s portfolio companies, including Jewett Automation as well as Airforce Turbine Service (“ATS”), in which he was instrumental in closing this past December.
Rob Kirk has been promoted to Principal on the Portfolio Operations team, which serves as the internal resources group supporting McNally’s portfolio companies in driving Atlas, the firm’s proprietary value creation roadmap and operating system. He joined the firm in 2024 and works closely with portfolio company management teams to design and implement value creation strategies. Rob also supports McNally Capital’s investment teams in identifying value creation opportunities pre-close.
Luther Rice has been promoted to Vice President on the Investment team. He joined the firm in 2022 and focuses on evaluating and executing investments, as well as supporting portfolio companies. Luther will further dedicate his time and expertise to the firm’s Defense and National Security investment theses. Luther is a valued team member on Orbis Operations, Xcelerate Solutions, Quiet Professionals, and FedData.
Mary Pizzo has been promoted to Vice President on the Fundraising and Investor Relations team. Since joining the firm in 2022, she has played an important role in strengthening relationships with the investor community and deepening engagement with McNally’s limited partners. Mary is integral to the firm’s fundraising and investor relations efforts, supporting capital formation initiatives and maintaining close partnerships with the firm’s LP base.
“Developing our team is one of the most important investments we make as a firm,” said Ward McNally, Founder, Co-CEO, and Managing Partner of McNally Capital. “These promotions reflect the expertise, leadership, and dedication each of these individuals has demonstrated in supporting our partners and driving value across our portfolio. We’re proud to recognize the exceptional talent of these integral members of the McNally team.”
Lou Rassey, Co-CEO and Managing Partner, added, “We are pleased to congratulate Brooks, Rob, Luther, and Mary. Their hard work, collaboration, and meaningful contributions strengthen the firm and our partnerships with founders, management teams, and our investors. We look forward to continuing our team’s collective efforts to empower businesses to preserve legacies while capitalizing on possibilities.”
About McNally Capital
McNally Capital is a growth-oriented private equity firm based in Chicago, Illinois. The firm is currently investing out of McNally Capital Fund III, LP.
McNally Capital makes thesis-driven buyout investments in the U.S. and targets founder-, family-, and management-led companies. The firm is focused on acquiring lower middle-market businesses with $5 million to $30 million in EBITDA in two primary industries: Aerospace & Defense and Industrial Technology & Services. McNally Capital seeks to apply its hands-on experience, institutional capabilities, and proprietary value creation framework, Atlas, to its portfolio companies in their next phase of growth.
Ward McNally, Co-CEO & Managing Partner, founded the firm in 2008. He is a sixth-generation member of the McNally family, which proudly owned and operated Rand McNally & Company for nearly 150 years until its sale in 1997. The firm believes these roots provide a deep appreciation of building and scaling companies that shape industries and endure for generations.
