Tracked deals
14
14 tracked deals across 2019-2026.
Private Equity Firm
Business Services
McNally Capital
Chicago, Illinois, United States
McNally Capital is a Chicago-based private equity firm making thesis-driven buyout investments in the lower middle market across Aerospace & Defense and Industrial Technology & Services.
- Focus Areas
- Private equity, Lower-middle-market buyouts, Aerospace & Defense
- Website
- mcnallycapital.com
Recent pace
4
4 tracked deals announced in the last 12 months.
Deal mix
Buyout
6 buyout · 5 addon · 3 growth capital
McNally Capital Acquisition Volume by Year
Last 8 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
Showing the 12 most recent of 14 tracked deals for McNally Capital.
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- Buyer
- McNally Capital, Nio Advisors, LLC
- Target
- TENICA Global Solutions
- Industry
- IT Services
- Location
- Virginia, United States
- Type
- Growth capital
McNally Capital announced it has made a majority investment in TENICA Global Solutions, a provider of integrated engineering, mission operations, cybersecurity, and digital modernization solutions for U.S. national security missions. The partnership is intended to help TENICA accelerate growth, expand its capabilities, and continue investing in its specialized workforce while preserving its mission-focused culture. McNally partnered with Nio Advisors, LLC in connection with the investment.
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May 21, 2026
- Buyer
- Foundral, McNally Capital
- Target
- A. Hattersley & Sons
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Addon
Foundral, a platform backed by McNally Capital, announced it has acquired A. Hattersley & Sons, a Fort Wayne, Indiana-based mechanical contracting company founded in 1856. The acquisition expands Foundral’s union-backed mechanical contracting platform and strengthens its presence across the Midwest, adding HVAC and piping design/build, engineering, project management, and maintenance capabilities.
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December 18, 2025
- Buyer
- McNally Capital, Rob Wilson
- Target
- Airforce Turbine Service, Ltd.
- Seller
- Chris Carson (Managing Partner and Owner of ATS)
- Industry
- Aerospace & Defense
- Location
- Texas, United States
- Type
- Buyout
McNally Capital has acquired Airforce Turbine Service, Ltd. (ATS), a Texas-headquartered provider of PT6A turboprop engine MRO and aftermarket services, marking the first investment from McNally Capital Fund III. As part of the transaction, Johannesburg-based TEMRO will join ATS as a wholly owned operating subsidiary and industry executive Rob Wilson will serve as Executive Chairman to support scaling and capability expansion.
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November 21, 2025
- Buyer
- McNally Capital, Quiet Professionals
- Target
- Spathe Systems
- Industry
- Aerospace & Defense
- Location
- Florida, United States
- Type
- Addon
Chicago-based private equity firm McNally Capital has merged its portfolio company Quiet Professionals with Tampa-based Spathe Systems to form a new defense technology platform aimed at supporting U.S. Special Operations Forces and the broader national security community. Quiet Professionals CEO Andy Wilson will lead the combined company (which will operate under a new name) to expand capabilities across cybersecurity, intelligence, cloud services and advanced analytics. McNally partnered with Nio Advisors on the transactions; Raymond James and Ropes Gray served as McNally's financial and legal advisers, respectively.
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October 7, 2025
- Buyer
- Xcelerate Solutions, McNally Capital
- Target
- clearAvenue
- Industry
- IT Services
- Location
- Maryland, United States
- Type
- Addon
Xcelerate Solutions, a portfolio company of McNally Capital, has acquired clearAvenue, a Columbia, Maryland-based provider of software development, AI/ML, big data analytics and cloud services for federal agencies. The acquisition expands Xcelerate's technical capabilities and the combined business will operate as Xcelerate Solutions, with the combined organization representing roughly 1,500 technology professionals.
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May 21, 2025
- Buyer
- McNally Capital, Nio Advisors, LLC
- Target
- Quiet Professionals, LLC
- Industry
- Aerospace & Defense
- Location
- Florida, United States
- Type
- Buyout
McNally Capital, partnering with Nio Advisors, acquired Quiet Professionals, a Tampa-based defense technology and intelligence contractor, in a late‑2024 investment. The investment will support Quiet Professionals’ next-phase growth — expanding analytics, AI, cybersecurity, and geospatial capabilities while preserving existing management and pursuing organic and inorganic growth.
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February 11, 2025
- Buyer
- McNally Capital
- Target
- Jewett Automation
- Industry
- Manufacturing
- Location
- Virginia, United States
- Type
- Buyout
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.
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February 7, 2024
- Buyer
- Xcelerate Solutions, McNally Capital
- Target
- VMD Corp
- Industry
- Cybersecurity
- Location
- Virginia, United States
- Type
- Addon
McNally Capital portfolio company Xcelerate Solutions has merged with VMD Corp, a cybersecurity, agile engineering, and critical infrastructure protection firm based in Fairfax, Virginia. The combined company will operate as Xcelerate Solutions and brings together more than 1,000 technology professionals to expand capabilities and contracts across the federal, defense, law enforcement, and national security markets.
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January 12, 2023
- Buyer
- McNally Capital, Nio Advisors
- Target
- Xcelerate Solutions
- Industry
- Aerospace & Defense
- Location
- Virginia, United States
- Type
- Buyout
McNally Capital, alongside partner Nio Advisors, completed a platform investment in Xcelerate Solutions, a McLean, Virginia–based national security and defense advisory firm that provides enterprise security, digital transformation, and strategic consulting services. The transaction establishes Xcelerate as a platform for growth—with management remaining in place—and McNally plans to pursue M&A and capability expansion to support the company's target to grow to a $500M firm.
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- Buyer
- The Re-Sourcing Group, McNally Capital
- Target
- Conexus Search (Conexus Recruiting)
- Industry
- Staffing & HR
- Location
- California, United States
- Type
- Addon
The Re-Sourcing Group, a portfolio company of McNally Capital, has added Conexus Search (Conexus Recruiting) to its family of staffing and recruiting brands. The deal is an add-on acquisition intended to accelerate scale, expand service capabilities, and improve profitability across Re-Sourcing’s national talent solutions platform.
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March 7, 2022
- Buyer
- McNally Capital
- Target
- The Smith & Oby Company
- Industry
- HVAC & Mechanical
- Location
- Ohio, United States
- Type
- Buyout
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.
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- Buyer
- McNally Capital, Nio Advisors, LLC
- Target
- Orbis Operations
- Industry
- Aerospace & Defense
- Location
- Virginia, United States
- Type
- Buyout
McNally Capital, alongside co-investor Nio Advisors, has acquired Orbis Operations, a provider of intelligence, national security advisory, software engineering, cyber services, and situational awareness training. The acquisition is a platform investment for McNally Capital (from its committed buyout vehicle) to expand its capabilities and presence in the national security and intelligence sector.
Related Acquisition Pages
Aerospace & Defense Buyers & Acquisitions
6 tracked deals by McNally Capital.
IT Services Buyers & Acquisitions
2 tracked deals by McNally Capital.
Staffing & HR Buyers & Acquisitions
2 tracked deals by McNally Capital.
Cybersecurity Buyers & Acquisitions
1 tracked deal by McNally Capital.
Acquisitions in Virginia
6 tracked deals by McNally Capital.
Acquisitions in Florida
2 tracked deals by McNally Capital.
Acquisitions in California
1 tracked deal by McNally Capital.
Acquisitions in Indiana
1 tracked deal by McNally Capital.
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