MCNALLY

Aiven Achieves Sustainability Goals with Thoughtworks

Retrieved on: 
Thursday, April 4, 2024
Software, Technology, Internet, Environment, Cloud, Carbon, Microsoft, Azure, Microsoft Azure, Entrepreneurship, Corporate sustainability, Disclosure, Amazon Web Services, CO2, CSRD, Google Cloud Platform, Sustainability, Policy, Engineering, Work, Renewable energy

Together, they conducted an internal sustainability assessment for Aiven and are helping Aiven customers manage their environmental impact, all in strong support of open-source.

Key Points: 
  • Together, they conducted an internal sustainability assessment for Aiven and are helping Aiven customers manage their environmental impact, all in strong support of open-source.
  • For example, the European Union's Corporate Sustainability Reporting Directive (CSRD) stipulates the disclosure of sustainability indicators.
  • Aiven collaborated with Thoughtworks to fulfill this transparency obligation as efficiently as possible by helping its customers to visualize and manage their cloud emissions.
  • In cooperation with Aiven, Thoughtworks laid the foundation for the company and its customers to achieve their strategic climate targets.

McNally Capital Completes Sale of Advanced Micro Instruments, Inc. to Enpro Inc.

Retrieved on: 
Wednesday, February 21, 2024
Small Business, Coal, Other Natural Resources, Alternative Energy, Hardware, Energy, Electronic Design Automation, Technology, Natural Resources, Engineering, Aerospace, Manufacturing, White House, Federal Government, Commercial Building & Real Estate, Construction & Property, Public Relations, Investor Relations, Science, Homeland Security, Communications, Building Systems, Public Policy, Government, Nuclear, Defense, Data Analytics, Environment, Semiconductor, Security, Satellite, Photography, Logistics, Supply Chain Management, Human Resources, Air, Finance, Transport, Consulting, Other Science, Banking, Utilities, Professional Services, Contracts, Oil, Gas, Acquisition, Corporate services, Safety, NPO, AMI, Sale, Investment

McNally Capital (“McNally”), a private equity firm, is pleased to announce it has completed the previously announced sale of Advanced Micro Instruments, Inc. (“AMI”) to Enpro Inc. (NYSE: NPO).

Key Points: 
  • McNally Capital (“McNally”), a private equity firm, is pleased to announce it has completed the previously announced sale of Advanced Micro Instruments, Inc. (“AMI”) to Enpro Inc. (NYSE: NPO).
  • The sale, completed on January 29, 2024, marks the fifth realized portfolio company for McNally Capital.
  • McNally originally invested in AMI in 2014, and the acquisition stemmed from the firm’s focus on the industrial technology, products, and services industry.
  • McNally Capital makes thesis-driven investments in the U.S. and targets founder- and management-led companies.

McNally Capital Announces Promotions of Six Team Members, Including Ravi Shah to Partner

Retrieved on: 
Wednesday, February 14, 2024
Technology, Other Defense, Finance, Banking, Other Technology, Aerospace, Professional Services, Manufacturing, Defense, Acquisition, ITS, Industrial technology, AMI, Accounting, Investment, Ward, Dedicated, Partnership, Culture, Growth, National security, Sale, Partner (business rank), Automation, Negotiation, Bank

McNally Capital (“McNally”), a private equity firm, is pleased to announce the promotion of six team members , including Ravi P. Shah to Partner.

Key Points: 
  • McNally Capital (“McNally”), a private equity firm, is pleased to announce the promotion of six team members , including Ravi P. Shah to Partner.
  • Ravi joined McNally Capital in 2016 and focuses on leading the investment team across the National Security, Aerospace, and Industrial Technology & Automation industries.
  • “We are thrilled to congratulate Ravi on his well-deserved promotion to Partner,” said Ward McNally, Founder, Co-CEO, and Managing Partner of McNally Capital.
  • Mike and Ravi co-lead the execution of the firm’s National Security investment thesis in partnership with Nio Advisors, a McNally Capital industry partner.

McNally Capital Portfolio Company, Xcelerate Solutions, Merges with VMD Corp

Retrieved on: 
Wednesday, February 7, 2024
Technology, Other Defense, Homeland Security, Logistics, Supply Chain Management, Public Policy, Government, Other Construction & Property, Defense, Construction & Property, Other Professional Services, Finance, Semiconductor, Consulting, Security, Banking, Air, Transport, Professional Services, Other Technology, Software, Hardware, Partnership, Intelligence, Growth, VMD, Digital transformation, Capital, Law enforcement, Ropes & Gray, Aerospace, Federation, LLP, Engineering

McNally Capital (“McNally”), a private equity firm, is pleased to share that Xcelerate Solutions (“Xcelerate”), a portfolio company of McNally, announced its merger with VMD Corp (“VMD”).

Key Points: 
  • McNally Capital (“McNally”), a private equity firm, is pleased to share that Xcelerate Solutions (“Xcelerate”), a portfolio company of McNally, announced its merger with VMD Corp (“VMD”).
  • The combined company will go to market as Xcelerate Solutions, offering a comprehensive, mission-first portfolio of secure solutions to the federal government.
  • “Not only will it broaden our portfolio, but it will allow us to leverage the strengths of both companies, offering new solutions across our engagements.”
    “McNally Capital is thrilled to welcome VMD to Xcelerate and the broader McNally Capital portfolio.
  • Xcelerate’s merger with VMD bolsters this thesis and is a testament to McNally Capital’s proprietary value creation framework at work.

McNally Capital Appoints Lou Rassey as Co-CEO and Managing Partner

Retrieved on: 
Monday, February 5, 2024
Technology, Other Defense, Finance, Other Technology, Aerospace, Professional Services, Manufacturing, Other Professional Services, Defense, McKinsey & Company, Growth, Private equity, History, Fast Radius, Investment, Partner, Ward, Management

McNally Capital (“McNally”), a private equity firm, is pleased to announce that Lou Rassey has been appointed as Co-Chief Executive Officer (“Co-CEO”) and Managing Partner of the firm, a new position.

Key Points: 
  • McNally Capital (“McNally”), a private equity firm, is pleased to announce that Lou Rassey has been appointed as Co-Chief Executive Officer (“Co-CEO”) and Managing Partner of the firm, a new position.
  • In the newly formed role of Co-CEO, Lou will work alongside Founder, Co-CEO, and Managing Partner Ward McNally to shape and lead the next chapter for McNally Capital.
  • It’s clear that bringing Lou on in this leadership role will further accelerate our progress,” said Ward McNally.
  • “Over the past eight years, Lou has become a highly trusted and respected colleague through his advisory role as an Industry Partner of McNally Capital.

McNally Capital Announces Sale of The Re-Sourcing Group

Retrieved on: 
Wednesday, January 17, 2024
Finance, Consulting, Professional Services, Other Professional Services, Human Resources, Philosophy, Aerospace, LP, Corporate services, Partner, MidOcean Partners, Information technology, Sale, Investment, Acquisition, HR, Ropes & Gray, Growth, Management

McNally Capital (“McNally”), a private equity firm, is pleased to announce the sale of The Re-Sourcing Group (“Re-Sourcing” or the “Company”) to MidOcean Partners.

Key Points: 
  • McNally Capital (“McNally”), a private equity firm, is pleased to announce the sale of The Re-Sourcing Group (“Re-Sourcing” or the “Company”) to MidOcean Partners.
  • McNally invested in Re-Sourcing in line with the firm’s investment thesis in business services and human capital management.
  • Among others, Jeff Bowling, founder and former CEO of The Delta Companies, a Dallas-based staffing company, served as an industry partner to McNally Capital.
  • Credit support during McNally Capital’s ownership period was provided by Tree Line Capital Partners, LLC and Boathouse Capital.

Condominium Lending Group welcomes industry experts to the team

Retrieved on: 
Tuesday, January 16, 2024
Condo, Golf, Associate, Humber College, Huronia, CLG, HVAC, CCI, Organization, Financial adviser, Financial management, Education, Property management

NEWMARKET, Ontario, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Announcing a significant development aimed at elevating its position in the condominium industry, Condominium Lending Group is thrilled to announce the addition of accomplished industry experts to its esteemed team.

Key Points: 
  • NEWMARKET, Ontario, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Announcing a significant development aimed at elevating its position in the condominium industry, Condominium Lending Group is thrilled to announce the addition of accomplished industry experts to its esteemed team.
  • "Joining Condominium Lending Group is an exciting opportunity to enhance an existing business committed to supporting condominium communities through the unprecedented challenges facing the industry," noted Griffiths.
  • Condominium Lending Group actively supports associations including the Canadian Condominium Institute (CCI) and the Association of Condominium Managers of Ontario (ACMO), contributing to initiatives that foster collaboration and advancement within the industry.
  • The introduction of new team members positions Condominium Lending Group to become the leading lender in the Canadian condominium market.

Renewables now generate more of Britain's electricity than fossil fuels – but what happens next?

Retrieved on: 
Thursday, January 4, 2024
The Conversation, Conversation, Government, Research, Industry, Wind, Burn, Wood, Electricity, Technology, Biomass, University, University of Birmingham, Coal, UCL, Renewable energy

Wind stormed (literally) past the 2014 record to break through the 10% milestone.

Key Points: 
  • Wind stormed (literally) past the 2014 record to break through the 10% milestone.
  • Wind, solar and hydro – the weather-dependent renewables – together generated 14.6% of Great Britain’s electrical energy in 2015, the highest ever annual amount.
  • In 2015, coal still generated a quarter of British electricity, but last year it was down to 1%.
  • Indeed the same author, energy analyst Grant Wilson, recently noted that 2023 was the first ever year when Britain would get more electricity from renewables than fossil fuels.
  • Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue.
  • That’s why “weather-dependent” renewables are more appropriate for a global transition, and why 2023 was such a significant milestone year for Britain.
  • The rate at which prices are rising is starting to fall, but remains significantly above where it was two years ago.
  • The rate at which prices are rising is starting to fall, but remains significantly above where it was two years ago.
  • But given electricity generation is a must, “what truly matters is the relative cost, and offshore wind remains cheap relative to other technologies”.
  • In addition:
    It could also include standardisation of technology to maximise further cost reductions and accelerate delivery.
  • And it should […] make auction caps more reflective of current costs, so that consumers do not miss out on the cheapest forms of electricity.
  • It could also include standardisation of technology to maximise further cost reductions and accelerate delivery.
  • And it should […] make auction caps more reflective of current costs, so that consumers do not miss out on the cheapest forms of electricity.
  • The companies that generate Britain’s electricity are doing well, at least.

McNally Capital to Sell Advanced Micro Instruments, Inc. to Enpro Inc.

Retrieved on: 
Wednesday, January 3, 2024
Oil, Gas, Natural Resources, Finance, Energy, Professional Services, Other Natural Resources, Aerospace, Manufacturing, Hydrogen sulfide, NPO, Partnership, Sale, Partner, LP, Ropes & Gray, AMI, Corporate services, Oxygen, Investment, Safety, CO2, Natural gas

McNally Capital (“McNally”), a private equity firm, is pleased to announce the firm has entered into a signed purchase agreement for the sale of Advanced Micro Instruments, Inc. (“AMI” or the “Company”) to Enpro Inc. (NYSE: NPO).

Key Points: 
  • McNally Capital (“McNally”), a private equity firm, is pleased to announce the firm has entered into a signed purchase agreement for the sale of Advanced Micro Instruments, Inc. (“AMI” or the “Company”) to Enpro Inc. (NYSE: NPO).
  • McNally invested in AMI in partnership with the company’s founder, Steven Kirchnavy, in 2014.
  • We look forward to continuing our growth trajectory by joining the Enpro family,” said Kevin Bates, President and CEO of AMI.
  • The firm is currently investing out of its committed buyout fund, McNally Capital Fund II, LP.

McNally Capital Announces New President of Portfolio Company Smith & Oby

Retrieved on: 
Monday, December 11, 2023
Commercial Building & Real Estate, Construction & Property, Finance, HVAC, Building Systems, Engineering, Professional Services, Manufacturing, Smith, Growth, Financial management, Education, Management

McNally Capital (“McNally”), a private equity firm, is pleased to announce that The Smith & Oby Company (“Smith & Oby”), a portfolio company of the firm, has appointed Jake Wattenbarger as its new President and General Manager.

Key Points: 
  • McNally Capital (“McNally”), a private equity firm, is pleased to announce that The Smith & Oby Company (“Smith & Oby”), a portfolio company of the firm, has appointed Jake Wattenbarger as its new President and General Manager.
  • Smith & Oby is a leading Midwest HVAC and plumbing mechanical contractor and services provider primarily serving the healthcare, education, commercial & industrial, and civic end markets.
  • “We are thrilled to have found Jake for this role,” said Ravi P. Shah, Principal at McNally Capital.
  • I look forward to helping them expand upon the exceptional growth they have already achieved over the past 125 years,” stated Jake Wattenbarger, President and General Manager of Smith & Oby.