McNally Capital's Strategic Move in the Automation Sector
McNally Capital, a private equity firm known for its focus on founder, family, and management-owned businesses, has made an exciting investment in Jewett Automation. This partnership highlights McNally's commitment to supporting companies that excel in providing custom automation solutions and filtration equipment.
Jewett Automation: A Leader in Custom Solutions
Jewett Automation stands out as a respected manufacturer specializing in automated systems that serve complex industrial needs. With over four decades of experience, their innovative approaches have positioned them as a frontrunner in the realm of filtration equipment and automation technology.
Focus on Automation Technology
The investment by McNally Capital signifies a strategic alignment aimed at boosting Jewett Automation's capabilities. By focusing on advanced technology and engineering excellence, the company plans to enhance its product offerings. This partnership is expected to drive growth and expansion in the automation sector as both firms leverage their strengths.
Driving Long-Term Value Creation
McNally Capital's investment approach is centered on forging partnerships with experienced management teams and industry specialists to maximize long-term value. According to Shirish Pareek, an Industry Partner at McNally, their support will allow Jewett Automation to push the boundaries of what is possible in automation technology, presenting amazing opportunities.
Reinforcing Industry Leadership
James Van Thof, President of Jewett Automation, believes that the collaboration with McNally is a perfect match for the company's culture and vision. He expressed confidence that with McNally's guidance, Jewett Automation will sustain its excellence in delivering top-notch solutions while maintaining core values that have led to its success.
Market Dynamics Favoring Growth
McNally Capital recognizes the favorable market conditions that Jewett Automation operates in. Factors such as increasing consumer demand and labor shortages signify an emerging opportunity in industrial automation. Ravi P. Shah, a Partner at McNally, shares this viewpoint, indicating plans to utilize their resources to propel Jewett Automation's expansion.
Investment Advisory Team
The transaction was supported by various advisory entities. Cascadia Capital served as the financial advisor, while Whiteford Taylor & Preston LLP handled legal counsel for Jewett Automation. In parallel, Hilco Corporate Finance provided advisory services to McNally Capital, assisted by Ropes & Gray LLP as legal counsel.
About McNally Capital
Located in Chicago, Illinois, McNally Capital focuses on making thesis-driven buyout investments in the lower middle market. Their primary industries of interest include Aerospace & Defense along with Industrial Technology & Services. The firm prides itself on a hands-on investment strategy that benefits management teams, fostering both growth and innovation.
Founded in 2008 by Ward McNally, the firm has built a notable presence in the private equity sector. Growing from its rich family legacy, McNally Capital emphasizes preserving legacies in business while enhancing opportunities for future growth.
Team Composition and Approach
Today, McNally Capital consists of a dedicated team of 20 professionals. They employ a rigorous and repeatable value creation process that assists portfolio companies in navigating transformation and achieving success.
About Jewett Automation
Jewett Automation, with its headquarters in Virginia, has made its mark as a trusted provider of automated systems. Known for their proprietary technologies, the company enjoys longstanding customer relationships and a solid reputation across various industries. Their focus on innovative, high-performance solutions enhances operational efficiency and product quality.
As Jewett Automation moves forward, this partnership with McNally Capital is expected to drive significant developments within the industrial automation landscape, positioning them well for future successes.
Frequently Asked Questions
What is McNally Capital's focus?
McNally Capital specializes in acquiring founder, family, and management-owned businesses in the lower middle market, particularly in Aerospace & Defense and Industrial Technology.
What does Jewett Automation manufacture?
Jewett Automation is renowned for its filtration equipment and custom automation solutions, emphasizing advanced automated manufacturing and robotics.
Who will lead the efforts at Jewett Automation?
Shirish Pareek will serve as the Executive Chairman, working alongside James Van Thof, President of Jewett Automation.
How many years of experience does Jewett Automation have?
Jewett Automation brings over 40 years of industry expertise to the table, establishing a strong reputation for reliability and quality.
What are the market trends benefiting Jewett Automation?
Current market trends such as labor shortages and rising consumer demand are driving growth opportunities for Jewett Automation in the industrial automation sector.
