Chicago (business wire) -11. February 2025–
McNally Capital (“McNally”), a private equity company that specializes in the acquisition of companies in the possession of founders, family and management companies on the lower middle market, is pleased to invest in the automation of To announce jewett. Jewett Automation is a leading manufacturer of filtration devices and customer automation solutions that specialize in highly developed, automated manufacturing and robot systems for complex industrial applications. McNally invested in Jewett Automation from McNally Capital Fund II, the company's committed buyout vehicle.
McNally Capital's investments correspond to his strategy to work with experienced management teams and industry experts in order to promote long -term added value. “Jewett Automation has an excellent reputation to use state-of-the-art technical know-how and deliver customer-specific automation solutions in various industries. With the support of McNally Capital, we have a great opportunity to improve the skills of the Jewett Automation, to cross the limits of automation technology and to accelerate growth. I am excited to see what is ahead of us if we continue to offer an extraordinary value. “ said Shirish Pareek, industrial partner at McNally. Shirish, a recognized provider of industrial automation, will act as the chairman of the Jewett automation as an executive Chairman and work closely with his former colleague and industry expert James van Thof, the President of Jewett Automation.
“The partnership with McNally Capital fits naturally to Jewett automation. Your long-term approach and a deep understanding of the companies conducted by management fits perfectly with our culture and vision. Based on your guidance and your commitment, we are confident that Jewett Automation continues will thrive to offer our customers first -class solutions and at the same time to get the values that have made us successful. said James van Thof, President of Jewett Automation.
McNally Capital's deeply rooted engagement for the support of convincing companies with the lower middle market was an important driver for the investment.
“We are pleased about the automation of the JETET and our more comprehensive expansion of the market for industrial automation. With market back wind such as a shortage of labor, increasing consumer demand and the accelerated pace of exertion -automation of the jewet has developed to the dynamic company that is today. “ said Ravi P. Shah, partner of McNally Capital.“We look forward to using our specialist knowledge to promote the company's expansion effort.”
Transaction consultant
Cascadia Capital acted as the sole financial advisor, and Whiteford Taylor & Preston LLP acted as the legal advisor of the Jewett automation. Hilco Corporate Finance was a financial advisor and Ropes & Gray LLP served as the legal consultant of McNally Capital.
About McNally Capital
McNally Capital is a private equity company based in Chicago, Illinois. The company is currently investing in its committed Buyout Fund McNally Capital Fund II, LP.
The company is pursuing of thesis-controlled buyout investments in the lower middle market in two primary industries: aerospace and space and defense and industrial technology and services. McNally Capital tries to use its practical experience, institutional skills and the framework for proprietary value creation creation to its portfolio companies in order to support management teams in their next growth phase and to create the value for the investors of McNally Capital.
Ward McNally, Co-CEO & Managing Partner, founded the company in 2008. He is a member of the sixth generation McNally family, the edge of McNally and company proudly owned and operated in 1997. We believe it. Roots appreciate a deep appreciation for construction and scaling companies that shape industries and have been taking for generations. This experience prompted the company to invest capital in companies with start-up, family and management-managed companies on the lower middle market on behalf of investors with the aim of maintaining legacies and at the same time using the opportunity.
Today the company consists of 20 team members who are devoting itself to the navigation of transformations and growth for its portfolio companies through a strict, repeatable and scalable value creation process.
For more information, see www.mcnallycapital.com.
Via JETWET automation
Jewett Automation with headquarters in Richmond, VA, is a leading provider of Custom automation solutions and filtration devices. With over 40 years of experience, the company has established a strong reputation for providing reliable, punctual solutions in a variety of industries. Jewett Automation is known for its proprietary technologies and long -term customer relationships and uses advanced robotics and automation to improve operational efficiency and product quality. For more information, see www.jewettautomation.com.
Source version on businesswire.com:https://www.businesswire.com/news/home/20250211867511/en/
Contact: Nicole M. Henderson, Head of Fundraising & Investor Relations
(312) 757-5158
nhenderson@mcnallycapital.com
Tyler Ashley, head of business development
(312) 767-2511
tahley@mcnallycapital.com
Keyword: USA North America Illinois Virginia
Industry keyword: Technology other defense -financing engineering aerospace Professional Services Manufoturing Robotics Defense
Source: McNally Capital
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