McNally Capital

McNally Capital, LLC is a private equity firm based in Chicago, Illinois, specializing in direct investments and fund of fund strategies. Founded in 2008, the firm focuses on middle market companies across various sectors, including aerospace and defense, healthcare, environmental services, and food distribution. McNally Capital typically invests between $15 million and $75 million in companies with EBITDA ranging from $2 million to $20 million, seeking both majority and minority stakes. The firm is known for its co-investment approach, often partnering with family offices and high net worth investors. In addition to its investment activities, McNally Capital also provides advisory services to its clients.

Joshua Brown

Vice President

Brian Grogan

CFO

Nick Guarino

Associate

Adam Lerner

Partner

Sahil Mathur

Vice President

Ward McNally

Founder and Managing Partner

Lou Rassey

Co-CEO and Managing Partner

Luther Rice

Senior Associate

Zach Wood

Vice President

8 past transactions

The Smith & Oby Company

Venture Round in 2022
The Smith & Oby Company is a prominent mechanical contractor and service provider in the Midwest, specializing in heating, ventilation, and air conditioning (HVAC) systems and plumbing services. Catering primarily to the healthcare, education, commercial and industrial, and civic sectors, the company offers a comprehensive range of services, including process piping, project budgeting and estimating, engineering, and maintenance. Smith & Oby also provides 24/7 emergency services, ensuring that clients can rely on their expertise to complete projects efficiently and effectively across the Midwestern United States.

Orbis Operations

Acquisition in 2021
Orbis Operations is a privately-held firm that provides specialized training, advisory, software engineering, and cyber services to government and commercial clients.

Altamira

Venture Round in 2019
Altamira delivers end-to-end analytic and engineering solutions, informed by mission experts. Altamira Technologies Corporation provides its national security customers the information advantage through full-spectrum engineering, analytic services, and open source software solutions.

Federal Data Systems

Venture Round in 2018
Federal Data Systems, Inc. is an information technology company based in Linthicum, Virginia, that serves both government and commercial markets. Established in 2001, the company specializes in designing, implementing, and monitoring automated systems with a strong focus on data security and incident response. It offers a wide range of services, including network and server monitoring, disaster recovery, forensics analysis, secure storage solutions, and help desk support. Federal Data Systems is particularly recognized for its work with government agencies, especially within the intelligence community, where it manages mission-critical systems under significant contracts. The company employs a skilled network engineering team that provides expertise in secure communication and data access in challenging environments. Additionally, it assists commercial clients in enhancing their IT security by conducting threat assessments and developing protection programs to mitigate risks associated with insider threats and supply-chain vulnerabilities.

Dedicated Computing

Acquisition in 2017
Dedicated Computing LLC specializes in designing, building, validating, and integrating embedded and single-purpose computing systems for original equipment manufacturers and independent software vendors. Founded in 1978 and headquartered in Waukesha, Wisconsin, the company offers a range of products including control processing systems, data and image processing solutions, and data storage systems. Their offerings encompass machine and motion controllers, acquisition servers, and storage solutions for various applications in healthcare, life sciences, training and simulation, energy exploration, and industrial sectors. Dedicated Computing also provides image generation services and planning/viewing systems used in medical imaging, security, military training, and other critical operations. The company has established itself as a key partner for leading manufacturers in medical equipment, security systems, and military technology, ensuring that devices are secure, supported, and operational.

Genesys Aerosystems

Venture Round in 2016
Genesys Aerosystems Group, Inc. specializes in providing advanced avionics solutions for both rotorcraft and fixed-wing aircraft. Based in Mineral Wells, Texas, the company offers a wide range of integrated systems, including displays, flight management systems, autopilots, and hazard alerting technologies. Their innovative products, such as the synthetic vision Electronic Flight Instrument System (EFIS), enhance flight crew situational awareness and safety, and are approved for use on over 700 aircraft models. Additionally, their Helicopter Stability Augmentation System and Autopilot (HeliSAS) improves safety for light piston and turbine helicopters. Serving military, civil, and special mission aircraft manufacturers and operators, Genesys Aerosystems aims to deliver solutions that increase safety, improve operational efficiency, and support future growth. The company has been a subsidiary of Moog Inc. since December 2020.

Project Frog

Series D in 2013
Project Frog, Inc. develops, constructs, and delivers energy efficient component building structures. The company offers a versatile ecosystem of products that adapts to various kinds of architectural uses, including early childhood, K-12, higher education, healthcare, public, retail, retreat, workplace, and more. It also offers building solutions for education, healthcare, data centers, community centers, and retail programs. Project Frog, Inc. was founded in 2006 and is based in San Francisco, California.

AIA Corp

Acquisition in 2013
AIA Corporation is a promotional products distributor that operates a network of distributorships across the United States. The company specializes in helping businesses develop marketing and advertising programs by providing a diverse range of promotional products, including corporate apparel, branded items, and high-end gifts. AIA Corporation offers essential services such as advanced technology, back-office support, order financing, and sales coaching, which enable distributors to enhance their efficiency and profitability. By focusing on integrated marketing solutions, AIA empowers entrepreneurs to grow their businesses and effectively reach their customers in today's digital landscape.
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