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McNally Capital Makes Strategic Investment in Airforce Turbine Service, Ltd.
We are pleased to announce our acquisition of Airforce Turbine Service, Ltd. (“ATS”), a leading independent global aviation services company specializing in MRO of the PT6A turboprop engine family.
Our Latest Stories
2025 was a year of meaningful progress and continued growth at McNally Capital. In a market filled with uncertainty, we stayed true to our investment discipline and sector focus in the lower middle market, completing two platform acquisitions and two add-on investments.
We are pleased to announce our acquisition of Airforce Turbine Service, Ltd. (“ATS”), a leading independent global aviation services company specializing in maintenance, repair, and overhaul (“MRO”) of the PT6A turboprop engine family.
McNally launches Foundral, a newly formed and rapidly expanding family of union-backed mechanical contracting companies. Foundral builds on the success and legacy of an existing McNally Capital portfolio company: Smith & Oby.
The combined platform, a merger of the firm’s portfolio company, Quiet Professionals, with Spathe Systems, is positioned to become the leading provider of defense technology and operational support solutions with a specialized focus on the U.S. Special Operations Forces community.
McNally Capital and Smith & Oby are seeking partnership opportunities with commercial HVAC mechanical contractors.
The firm’s strategic investment in a leading provider of advanced technology and intelligence solutions for the U.S. national security community will drive next-phase growth in the sector.
McNally Capital has been recognized with multiple prestigious industry awards, underscoring the firm’s commitment to transformative value creation, innovation, and active partnership with the businesses it invests in.
The firm is pleased to announce an investment in Jewett Automation, a leading manufacturer of filtration equipment and custom automation solutions, specializing in highly engineered, automated manufacturing and robotic systems for complex industrial applications.
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.
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.
McNally Capital is pleased to announce that Lou Rassey has been appointed as Co-CEO and Managing Partner of the firm, a new position. In the newly formed role of Co-CEO, Lou will work alongside Founder, Co-CEO, and Managing Partner Ward McNally.
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.