We specialize in founder, family, and management-owned companies. Our roots are in a family-held operating company – Rand McNally & Co. – and our family-backed industry partners also have extensive industry and operating expertise.

We are investing out of our committed private equity fund, McNally Capital Fund II, LP, and continue to harness the financial, intellectual, and human capital of our 800+ investor ecosystem.

Target Size & Structure

We target businesses with $5M - $20M in EBITDA and deploy equity checks of $15M - $40M. We make control equity investments.

Industry Focus & Investment Theses

Investment Thesis:

NATIONAL SECURITY

  • Automated Systems

  • Technology-Enabled Services

  • Data / Analytics

  • Communications & Operations Support

  • Mission Advancement / Modernization

  • Advanced Technologies

  • Cyber

Investment Thesis:

AEROSPACE

  • Component MRO & Service Providers to MRO

  • Electronics / Software Sub System Development / Integration

  • Complex Mechanical Assembly

Investment Thesis:

INDUSTRIAL Technology & AUTOMATION

  • Control System Integrators

  • Digital Transformation Services

  • Industrial & Warehouse Automation

Investment Thesis:

WATER & Wastewater

Areas of Interest:

  • Engineered Products

  • Environmental Services

Areas of Interest:

  • Testing, Measurement, & Inspection

  • Tech-enabled & Professional Services

  • Facilities Services

  • Business Process Outsourcing