McNally Capital Invests in Jewett Automation

TJM Capital Partners Acquires Midwest Automation LLC

November 22, 2021

Manufacturing

TJM Capital Partners, a Chicago-based private equity firm, has acquired Midwest Automation LLC, a family-owned U.S. manufacturer of industrial machinery for metal deburring, edge rounding and surface finishing. Kenny Holley, the past president and owner, exited the business and Micah Coleman (CEO of Timesavers LLC and Dubois Equipment Co.) will serve as incoming CEO as TJM looks to expand Midwest Automation's capabilities and grow the business.

Boyne Capital Invests in McNish, LLC; Capitala Group Provides Financing

June 3, 2025

Manufacturing

Boyne Capital has made a platform equity investment in McNish, LLC, the Aurora, Illinois-based designer and manufacturer of wastewater treatment equipment (which operates the Walker Process Equipment, Amwell, and E&I Corporation brands). Capitala Group led a senior debt financing package and provided a minority equity co-investment to support the transaction and McNish's growth in the municipal water and wastewater market.

Gemspring Capital Acquires Majority Stake in JTI Electrical & Instrumentation

January 3, 2022

Industrial Services

Gemspring Capital Management affiliate has acquired a majority interest in JTI Electrical & Instrumentation, a Bakersfield, California-based provider of electrical, mechanical, and automation services to industrial processing facilities. The founder-led management team will remain in place and retain an ownership stake as Gemspring plans to support growth through capability expansion, geographic penetration, and strategic acquisitions.

McNally Capital Invests in The Smith & Oby Company

March 7, 2022

HVAC & Mechanical

McNally Capital completed a platform investment in The Smith & Oby Company, a Midwest-based HVAC, plumbing and mechanical contracting services provider. The family-owned private equity firm said the investment will support Smith & Oby's organic and acquisitive growth, diversify revenue streams, and expand into new markets while preserving the company's legacy.

Willis & Smith Capital Acquires J&E Manufacturing (with First Capital Partners financing)

July 14, 2022

Manufacturing

Willis & Smith Capital acquired J&E Manufacturing LLC (and affiliate J&E Coatings LLC), with mezzanine debt and a minority equity investment from First Capital Partners supporting the transaction. The deal brings J&E into the same corporate umbrella as Willis & Smith portfolio company R&B Grinding, increasing manufacturing capacity and capabilities across the U.S. and Mexico.

Silversmith Capital Partners Leads Majority Growth Investment in JETNET

July 19, 2022

Data & Analytics

JETNET, a provider of aviation data and market intelligence headquartered in Utica, NY, secured a majority growth investment led by Boston-based growth equity firm Silversmith Capital Partners. The partnership will fund expansion of JETNET's product footprint, sales and marketing, and team scaling as the company pursues global growth.