McNally Capital Completes Platform Investment in Leading Industrial Automation Solutions Provider
McNally Capital Announces Investment in Jewett Automation
Nicole M. Henderson, Head of Fundraising & Investor Relations
(312) 757-5158
nhenderson@mcnallycapital.com
Tyler Ashley, Head of Business Development
(312) 767-2511
tashley@mcnallycapital.com
McNally Capital (“McNally”), a private equity firm specializing in acquiring founder-, family-, and management-owned businesses in the lower middle market, is pleased to announce an investment in Jewett Automation. Jewett Automation is a leading manufacturer of filtration equipment and custom automation solutions, specializing in highly engineered, automated manufacturing and robotic systems for complex industrial applications. McNally invested in Jewett Automation out of McNally Capital Fund II, the firm’s committed buyout vehicle.
McNally Capital’s investment aligns with its strategy of partnering with experienced management teams and industry experts to drive long-term value creation. “Jewett Automation has an outstanding reputation for leveraging cutting-edge technical expertise and delivering custom automation solutions across diverse industries. With McNally Capital’s support, we have a great opportunity to enhance Jewett Automation’s capabilities, push the boundaries of automation technology, and accelerate growth. I’m excited about what’s ahead as we continue to deliver exceptional value," said Shirish Pareek, Industry Partner at McNally. Shirish, a recognized leader in industrial automation, will serve as Executive Chairman for Jewett Automation, working closely with his former colleague and industry expert, James Van Thof, President of Jewett Automation.
"Partnering with McNally Capital is a natural fit for Jewett Automation. Their long-term approach and deep understanding of management-led businesses align perfectly with our culture and vision. With their guidance and commitment to collaboration, we are confident that Jewett Automation will continue to thrive, providing best-in-class solutions to our customers while preserving the values that have made us successful," said James Van Thof, President of Jewett Automation.
McNally Capital’s deep-rooted commitment to supporting compelling lower middle market businesses was a key driver behind the investment.
"We’re excited about Jewett Automation and our broader expansion into the industrial automation market. With market tailwinds such as labor shortages, rising consumer demand, and the accelerated pace of reshoring, Jewett Automation has grown into the dynamic company it is today," said Ravi P. Shah, Partner of McNally Capital. “We look forward to leveraging our expertise to drive the company’s expansion efforts.”
Transaction Advisors
Cascadia Capital acted as the sole financial advisor, and Whiteford Taylor & Preston LLP acted as legal counsel to Jewett Automation. Hilco Corporate Finance served as financial advisor, and Ropes & Gray LLP served as legal counsel to McNally Capital.
About McNally Capital
McNally Capital is a private equity firm based in Chicago, Illinois. The Firm is currently investing out of its committed buyout fund, McNally Capital Fund II, LP.
The Firm pursues thesis-driven buyout investments in the lower middle market across two primary industries: Aerospace & Defense and Industrial Technology & Services. McNally Capital seeks to apply its hands-on experience, institutional capabilities, and proprietary value creation framework to its portfolio companies to benefit management teams in their next phase of growth and build value for McNally Capital’s investors.
Ward McNally, Co-CEO & Managing Partner, founded the firm in 2008. He is a sixth-generation member of the McNally family, which proudly owned and operated Rand McNally & Company for nearly 150 years until its sale in 1997. We believe these roots provide a deep appreciation of building and scaling companies that shape industries and endure for generations. This experience drove the Firm to invest capital into founder-, family-, and management-led businesses in the lower middle market on behalf of investors, with the goal of preserving legacies while capitalizing possibility.
Today, the Firm consists of 20 team members dedicated to navigating transformation and growth for its portfolio companies through a rigorous, repeatable, and scalable value creation process.
For more information, please visit www.mcnallycapital.com.
About Jewett Automation
Headquartered in Richmond, VA, Jewett Automation is a leading provider of custom automation solutions and filtration equipment, specializing in highly engineered automated systems for complex industrial applications. With over 40 years of experience, the company has established a strong reputation for delivering reliable, on-time solutions across a diverse range of industries. Known for its proprietary technologies and long-standing customer relationships, Jewett Automation leverages advanced robotics and automation to enhance operational efficiency and product quality, positioning itself as a trusted partner for businesses seeking innovative, high-performance solutions. For more information, please visit www.jewettautomation.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250211867511/en/
We’re excited about Jewett Automation and our broader expansion into the industrial automation market. With trends like labor shortages, rising consumer demand, and the accelerated pace of reshoring, they've grown into the dynamic company they are today.
