McNally

Net zero goal still alive, says IEA – but the world still faces major obstacles to reach it

Retrieved on: 
Wednesday, September 27, 2023

Globally, the rate at which people are installing solar panels and buying electric vehicles is “perfectly in line” with what experts have said is necessary to reach net zero emissions by 2050.

Key Points: 
  • Globally, the rate at which people are installing solar panels and buying electric vehicles is “perfectly in line” with what experts have said is necessary to reach net zero emissions by 2050.
  • That’s according to Fatih Birol, the economist who leads the world’s energy watchdog, the International Energy Agency (IEA).
  • In a recent update on humanity’s progress with cutting greenhouse gas emissions, the IEA concluded that by 2030:


The report assumes that renewable energy capacity will need to triple and replace coal, oil and gas at a rapid pace by the end of this decade to guard against catastrophic levels of warming. But despite sources like solar consistently defying even the most bullish predictions, fossil fuels have hardly budged: they supplied 82% of the world’s energy last year and 87% in 2000. Why?

Fossil fuels linger, wind power stalls

    • “[In Europe and North America] renewable energy has slowly eaten into the proportion of energy generated by fossil fuels, while all other energy sources (nuclear, hydro, biomass) have remained about the same.
    • Jansen says wind is a particularly valuable energy source during winter, when energy demand peaks.
    • McNally does not believe this setback heralds the end of cheap offshore wind, as some have claimed.

Net zero must come sooner

    • According to the IEA, “almost all countries” will also need to move their net zero target dates forward by several years.
    • A team of energy experts at Australian National University (with support from nearly 900 engineers) recently argued that Australia could hit net zero as early as 2035.
    • Australia must aim for 2035

      But in the UK at least, government policies on net zero are moving in the opposite direction.

We’ve been here before

IMA Names Mike DePrisco New President and CEO

Retrieved on: 
Thursday, April 6, 2023

DUBAI, UAE, April 6, 2023 /PRNewswire/ -- IMA® (Institute of Management Accountants), the association of accountants and financial professionals in business, announced the appointment of Mike DePrisco as President and Chief Executive Officer. DePrisco succeeds Jeff Thomson, CMA, CSCA, CAE, who admirably served in the role for nearly 15 years. DePrisco joined IMA on April 3, 2023.

Key Points: 
  • DUBAI, UAE, April 6, 2023 /PRNewswire/ -- IMA® (Institute of Management Accountants), the association of accountants and financial professionals in business, announced the appointment of Mike DePrisco as President and Chief Executive Officer.
  • As President and CEO, DePrisco will oversee all of IMA's strategies, initiatives, and operations.
  • "We are delighted to welcome Mike to IMA and look forward to him leading the organization's growth with his cross-functional and cross-business perspectives," said McNally.
  • "Coupled with his global experience in leading associations with thousands of members and certification holders, along with hundreds of chapters, IMA's future is bright with Mike as our President and CEO."

IMA Names Mike DePrisco New President and CEO

Retrieved on: 
Thursday, April 6, 2023

DUBAI, UAE, April 6, 2023 /PRNewswire/ -- IMA® (Institute of Management Accountants), the association of accountants and financial professionals in business, announced the appointment of Mike DePrisco as President and Chief Executive Officer. DePrisco succeeds Jeff Thomson, CMA, CSCA, CAE, who admirably served in the role for nearly 15 years. DePrisco joined IMA on April 3, 2023.

Key Points: 
  • DUBAI, UAE, April 6, 2023 /PRNewswire/ -- IMA® (Institute of Management Accountants), the association of accountants and financial professionals in business, announced the appointment of Mike DePrisco as President and Chief Executive Officer.
  • As President and CEO, DePrisco will oversee all of IMA's strategies, initiatives, and operations.
  • "We are delighted to welcome Mike to IMA and look forward to him leading the organization's growth with his cross-functional and cross-business perspectives," said McNally.
  • "Coupled with his global experience in leading associations with thousands of members and certification holders, along with hundreds of chapters, IMA's future is bright with Mike as our President and CEO."

McNally Capital Announces Investment in Xcelerate Solutions

Retrieved on: 
Thursday, January 12, 2023

McNally Capital (“McNally”), a lower middle-market private equity firm focused on founder and family-owned businesses, is pleased to announce an investment in Xcelerate Solutions (“Xcelerate”).

Key Points: 
  • McNally Capital (“McNally”), a lower middle-market private equity firm focused on founder and family-owned businesses, is pleased to announce an investment in Xcelerate Solutions (“Xcelerate”).
  • McNally invested in Xcelerate out of McNally Capital Fund II, the firm’s committed buyout vehicle.
  • “Our partnership with Xcelerate aligns with our internal expertise in the Aerospace & Defense industry and our investment thesis in intelligence and national security,” said Michael P. Ember, Vice President at McNally Capital.
  • We are excited about the knowledge and significant continued growth McNally, Nio, and their strong network will contribute.”
    Managing Partner and Founder of McNally Capital, Ward McNally, stated, “We are excited to partner with Xcelerate Solutions, and for the opportunities it brings to continue enabling growth for a founder-owned company.

McNally Capital and Nio Advisors Complete Platform Investment in Xcelerate Solutions, a Provider of End-to-End National Security Advisory Services

Retrieved on: 
Thursday, January 12, 2023

MCLEAN, Va., Jan. 12, 2023 /PRNewswire/ -- Xcelerate Solutions ("Xcelerate") is pleased to announce that McNally Capital ("McNally"), a Chicago-based private equity firm focused on founder and family-owned businesses, is investing in Xcelerate as a Platform company.

Key Points: 
  • MCLEAN, Va., Jan. 12, 2023 /PRNewswire/ -- Xcelerate Solutions ("Xcelerate") is pleased to announce that McNally Capital ("McNally"), a Chicago-based private equity firm focused on founder and family-owned businesses, is investing in Xcelerate as a Platform company.
  • As a Platform company, Xcelerate and McNally will leverage a multi-pronged approach to drive continued growth, augmenting Xcelerate's growth strategy with a robust merger and acquisition (M&A) approach.
  • This partnership with McNally Capital and Nio Advisors aligns perfectly for our firm, particularly given their significant national security expertise.
  • "Our partnership with Xcelerate aligns with our internal expertise in the Aerospace & Defense industry and our investment thesis in intelligence and national security," said Michael P. Ember, Vice President at McNally Capital.

EG GROUP RAISES OVER $600K IN MONTH-LONG DISABLED AMERICAN VETERANS (DAV) FUNDRAISER

Retrieved on: 
Wednesday, January 11, 2023

WESTBOROUGH, Mass., Jan. 11, 2023 /PRNewswire/ -- Following the completion of their annual fundraiser with Disabled American Veterans (DAV), EG Group announced it raised $647,000 in this year's campaign, surpassing previous years in money raised.

Key Points: 
  • WESTBOROUGH, Mass., Jan. 11, 2023 /PRNewswire/ -- Following the completion of their annual fundraiser with Disabled American Veterans (DAV), EG Group announced it raised $647,000 in this year's campaign, surpassing previous years in money raised.
  • On December 20th, members of EG America leadership presented a check to Coleman Yee, DAV's Third Junior Vice Commander and Marine Veteran, in a ceremony at EG America headquarters.
  • EG Group employs many former military personnel nationally including McNally and Bradstreet, both of whom are veterans, having served in the Air Force and Marines, respectively.
  • "The funds raised will make a positive impact on the critical services that the DAV offers to Vets every day."

McNally Capital Named to Inc.’s 2022 Founder-Friendly Investors List

Retrieved on: 
Tuesday, October 4, 2022

McNally Capital (McNally) is pleased to announce its latest honor in being named to Inc.s 2022 List of Founder-Friendly Investors.

Key Points: 
  • McNally Capital (McNally) is pleased to announce its latest honor in being named to Inc.s 2022 List of Founder-Friendly Investors.
  • This annual list honors the private equity and venture capital firms with the best track records of success backing entrepreneurs.
  • McNally is proud to be selected as one of the top Founder-Friendly Investors, stated Ward McNally, Managing Partner and Founder of McNally Capital.
  • Jeff Lynch, Founder and Principal of ITS Logistics, an exited portfolio company of McNally, stated, We identified with McNally Capital given their experience, history, and reputation.

Radians answers call for Eastern Kentucky flood cleanup by donating over 5,000 pairs of work gloves

Retrieved on: 
Friday, August 19, 2022

Now Eastern Kentucky's focus is on cleanup and rebuild, while helping flood victims with shelter, meals, and relief items.

Key Points: 
  • Now Eastern Kentucky's focus is on cleanup and rebuild, while helping flood victims with shelter, meals, and relief items.
  • -Mike Tutor
    Headquartered in Bristol, TN, United Central Industrial Supply, a top-tier supplier to North America's mining industry, reached out to PPE manufacturer Radians in Memphis, TN, for help with the ongoing Eastern Kentucky flood cleanup.
  • Susie McNally, a buyer for United Central Industrial Supply, asked if Radians could donate work gloves for the relief workers.
  • "It's heartbreaking what happened in Eastern Kentucky, and we're glad that we can contribute to the cleanup and rebuild."

McNally Capital Completes Final Close of McNally Capital Fund II, LP

Retrieved on: 
Tuesday, July 19, 2022

McNally Capital (McNally) is pleased to announce the final closing of its inaugural private equity fund, McNally Capital Fund II, LP (the Fund).

Key Points: 
  • McNally Capital (McNally) is pleased to announce the final closing of its inaugural private equity fund, McNally Capital Fund II, LP (the Fund).
  • McNally Capital has raised over $150 million from limited partner fund commitments and related co-investments.
  • Our family business background and decades of experience offer a differentiated model for founders and management owners to partner with like-minded investors, said Ward McNally, Managing Partner and Founder of McNally Capital.
  • McNally Capital has already completed the first two investments out of McNally Capital Fund II with the acquisitions of Orbis Operations and Smith & Oby.

Aramex Selects Rand McNally's Connected Vehicle Platform

Retrieved on: 
Thursday, June 23, 2022

CHICAGO and DUBAI, UAE, June 23, 2022 /PRNewswire/ -- Rand McNally, a leader in commercial transportation technology solutions, today announced that its connected vehicle platform, Rand Platform, has been chosen by Aramex to help optimize the organization's fleet performance. The global logistics and delivery company is rolling out the solution to 11 locations in the Middle East and North Africa region, with plans to expand the program in coming months.

Key Points: 
  • CHICAGO and DUBAI, UAE, June 23, 2022 /PRNewswire/ -- Rand McNally , a leader in commercial transportation technology solutions, today announced that its connected vehicle platform, Rand Platform, has been chosen by Aramex to help optimize the organization's fleet performance.
  • Focused on saving fuel and improving vehicle and driver performance, Aramex chose the Rand McNally Fleet platform due to the solution's "API-first" architecture that makes integrations easy and flexible.
  • "The connected vehicle solution we offer enables a single platform for fleets from long-haul and local trucking to government and rental fleets, to OEMs.
  • The platform, now integrated into Rand McNally's fleet business, has elevated Rand McNally's place in the connected vehicle space and expanded its footprint as a global provider.