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

Boyne Capital Acquires McKee Utility Contractors

February 23, 2023

Infrastructure

Boyne Capital (through an affiliate) has partnered with McKee Utility Contractors' management and founding family in a platform investment to acquire McKee Utility Contractors, a water and sewer pipeline and utility infrastructure services provider. The investment will support McKee's growth across municipal water, wastewater, and stormwater projects in Texas, Oklahoma and Arkansas and help the company capitalize on increased public water/sewer infrastructure spending.

Boyne Capital and Grindstone Partners Recapitalize SageWater

February 1, 2021

Construction

An affiliate of Boyne Capital, alongside Grindstone Partners and company management, partnered to recapitalize SageWater, a Alexandria, Virginia–based provider of plumbing infrastructure replacement and repiping services for multi-family residential and condominium buildings. The investment will support SageWater's growth, broaden its service capabilities, and expand its geographic footprint; the company has repiped over 100,000 occupied multi-family units and replaced more than 35 million feet of pipe since 1988.

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.

McNally Capital Invests in Jewett Automation

February 11, 2025

Manufacturing

McNally Capital, a Chicago-based private equity firm, has completed a platform investment in Jewett Automation, a Richmond, Virginia-based manufacturer of filtration equipment and custom automation and robotic systems. The investment, made from McNally Capital Fund II, will support Jewett Automation's capability expansion and McNally's broader push into the industrial automation market.

Water Engineering Acquires Earthwise Environmental

September 20, 2023

Environmental Services

Water Engineering, a portfolio company of Nolan Capital, has acquired Earthwise Environmental, a Wood Dale, Illinois-based provider of water treatment equipment, chemicals, consultation, and preventative maintenance services. The deal is an add-on to the Water Engineering platform to expand its footprint and service capabilities across the Midwest, South and Southeast while retaining Earthwise's brand and founder Robert "Bob" Miller.

Boyne Capital Acquires Ryan Construction and Ryan Marine

March 28, 2023

Construction

Boyne Capital has partnered with management to acquire Ryan Construction Co., Inc. and Ryan Marine, Inc., a Suffolk, Virginia–based provider of marine and industrial contracting and maintenance services. The investment—the latest platform for Boyne’s BCM Fund II—will support the company’s next phase of growth by strengthening corporate infrastructure and expanding market share across the Mid-Atlantic, particularly in defense, logistics and utilities end markets.