McNally Capital-Backed Foundral Acquires A. Hattersley & Sons
Acquisition strengthens mechanical contracting platform, brings over a century of experience
McNally Capital (“McNally”), a private equity firm, is pleased to share that Foundral, a portfolio company of McNally, announced its acquisition of A. Hattersley & Sons (“Hattersley”). Foundral is a platform dedicated to building and scaling a family of union-backed mechanical contracting companies. A. Hattersley & Sons, a Fort Wayne, Indiana-based mechanical contracting company, has a legacy dating back to 1856. As the area’s oldest and most respected mechanical contractor, Hattersley brings more than a century of expertise in delivering high-quality mechanical solutions across commercial, industrial, and institutional markets. The company joins two other highly respected industry names, Smith & Oby and DSO, within Foundral’s platform.
“A. Hattersley & Sons has a prestigious history, a strong sense of technical expertise, and a desired, strategic location that makes them an exceptional partner,” said Jason Richards, CEO of Foundral. “Together, we will build on their foundation while investing in the people, capabilities, and infrastructure needed to support long-term growth.”
“McNally Capital is excited to welcome A. Hattersley & Sons to Foundral’s portfolio of established mechanical contracting firms,” said Ravi P. Shah, Partner at McNally Capital. “As Foundral continues to support its partner companies in pursuing larger, more complex projects while maintaining their distinct identities and cultures, Hattersley represents a natural addition to the platform. This addition further strengthens an already impressive platform of highly accomplished contractors across the country.”
A. Hattersley & Sons specializes in state-of-the-art design and construction, engineering, project management, installation, and maintenance of piping and HVAC systems. The company has built a strong reputation for its full-service capabilities, engineering and design expertise, and partnership-driven approach with clients. Its longstanding commitment to quality workmanship and community engagement has made it a trusted name throughout the region.
“Foundral’s focus on responsible growth and long-term investment in mechanical services aligns well with what we value as a company,” said Jack Koehne, President and CEO of A. Hattersley & Sons. “We wanted a partner who could help us scale thoughtfully while preserving the craftsmanship, relationships, and culture that have defined our success for generations. Foundral is the right fit to carry that legacy forward.”
