The passing of the Tax Cuts and Jobs Act created Opportunity Zones– a new tax-deferral opportunity for recently realized capital gains. An announcement from the U.S. Treasury on October 19, 2018 clarifies various technical aspects of Opportunity Zone (“OZ”) investing and should pave the way for capital flow into projects, assets and investment vehicles before year-end.

Middle Market Growth Conversations podcast interviewed Frank McGrew, Managing Partner at McNally Capital, on Opportunity Zones – “a new federal program that offers private equity investors and family offices tax benefits to invest in economically disadvantaged areas.”

Crain’s Chicago Business selected Ward McNally, Managing Partner of McNally Capital, as one of Chicago’s Notable Financial Advisers, a list of 40 of the area’s outstanding wealth managers.

Now might be a good time for owners to think about pursuing a proactive liquidity event or transitioning strategy rather than deferring the decision until later when options might be limited or market conditions less favorable.

The passing of the Tax Cuts and Jobs Act created Opportunity Zones– a new tax-deferral opportunity for recently realized capital gains. By adhering to certain guidelines, investors can take realized capital gains from other investments and put them into an OZ or fund that targets OZs and receive a combination of tax deferral, tax reduction, and tax forgiveness.

McNally Capital Managing Partner Frank McGrew discusses how market conditions remain quite favorable for a variety of strategic options. Our active dialogue with numerous business owners confirms that now might be an optimal opportunity to assess needs for growth capital or liquidity. View the article here.

McNally Capital, Botoff Consulting, and Mack International are pleased to publish the results of their 2017/2018 Compensation Survey of Investment Professionals in Single Family Offices, with data from 152 family offices representing over $100 billion in assets under management (“AUM”). 

Frank A. McGrew IV, Managing Partner of McNally Capital, shared his top 10 questions that family business owners and leaders should ask before pursuing a sale of their business.

Consistent with McNally Capital’s approach as a merchant bank, the firm also co-invested alongside Dobbs and will be an equity partner in the company.

McNally Capital is among several key examples of active family offices in M&A. Published by Forbes

McNally Capital is pleased to announce the promotion of four team members, the addition of John Freund as a Senior Advisor to McNally Capital, and the completion of a rebranding effort, including the launch of a new firm logo and website.

Hargray Communications Group announces the closing of its previously announced acquisition by The Pritzker Organization, Redwood Capital Investments, Stephens Capital Partners, and management. McNally Capital advised on the transaction. 

McNally Capital, Coughlin Capital and ITS Logistics are pleased to announce that Greg Sanders has been appointed to CEO of ITS Logistics. 

McNally Capital works with family offices and their active direct deployment of capital into private companies. Published by The Wall Street Journal

McNally Capital sources deal and advises the Pritzker Organization on Hargray transaction.