The Latest Updates from McNally

McNally Capital portfolio company Foundral strengthens its mechanical contracting platform with the acquisition of A. Hattersley & Sons, which brings over a century of experience in delivering high-quality mechanical solutions across commercial, industrial, and institutional markets.

McNally Capital portfolio companies Quiet Professionals and Spathe Systems have rebranded as Endurion, a mission-focused defense and technology company for the U.S. Special Operations community and broader national security missions.

The firm is pleased to announce the promotion of four team members‍: both Brooks Hulett and Rob Kirk to Principal, and Luther Rice and Mary Pizzo to Vice President.

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.

The firm expands with addition of five experienced professionals to its team—Gus Pinto, Tim Gossett, Rob Kirk, and Ryan McDonough joining the Portfolio Operations Team, and Grace Chatas joining the Deal Team.

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.