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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 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.
Smith & Oby, leading Midwest HVAC and plumbing mechanical contractor and services provider, appoints Jake Wattenbarger as its new President and General Manager. McNally Capital worked alongside the management team and board to conduct a thorough and successful search process. “We are thrilled to have found Jake for this role,” said Ravi P. Shah.
McNally Capital’s portfolio company, The Re-Sourcing Group, a prominent national hiring provider, announced the addition of Conexus Search as a new partner among the Re-Sourcing family of brands.
Smith & Oby, a McNally Capital portfolio company and leading commercial HVAC installation and services provider, is seeking HVAC add-ons. Our goal is to build a scaled national platform that maintains the culture and values upon which the company was built.
McNally Capital completes a platform investment in Smith & Oby, a leading Midwest HVAC and plumbing mechanical contractor and services provider serving primarily the healthcare, education, commercial & industrial, and civic end markets. The investment aligns with McNally’s focus on acquiring founder- and family-owned businesses, as well as with McNally’s investment thesis focused on facilities management and HVAC.
ITS Logistics, a recently realized portfolio company of McNally Capital, is mentioned in the latest Logistics Report from The Wall Street Journal.
McNally Capital is pleased to announce the sale of ITS Logistics (“ITS”). ITS is a leading third-party logistics provider that delivers a variety of services in supply chain management, freight logistics, distribution/fulfillment, and transportation management.
McNally Capital completes platform investment in Re-Sourcing Holdings, a leading provider of strategic staffing, consulting, and direct hire solutions focusing on compliance, legal, information technology, finance & accounting, and HR positions. The investment aligns with McNally’s focus on acquiring founder- and family-owned businesses, as well as with McNally’s internal expertise in the Business Services industry and investment thesis in human capital management.
Congratulations to Scott Pruneau on being named CEO of ITS Logistics. McNally Capital’s Managing Partner, Ward McNally, joins in congratulating Scott – “We have complete confidence in Scott’s ability and his vision to lead ITS into the future. This company is truly just getting started.”
Dedicated Computing, recently acquired by McNally Capital, will maintain its 132,000-square-foot global engineering and technology headquarters at Commerce Circle in the City of Pewaukee for the next decade.
McNally Capital has acquired Dedicated Computing, an original design manufacturer (ODM) of proprietary, highly-engineered computing systems, from Mason Wells.
McNally-backed ITS logistics has been recognized as “Large Company of the Year” by the Reno Gazette-Journal. The annual awards recognize companies for outstanding leadership and exceptional business performance that has made a significant contribution to Northern Nevada in the past 12 months.
McNally-backed ITS Logistics, a third party logistics company, is currently in the process of moving its operations to a larger, more efficient site in Sparks
