Jewett Automation Gains Investment Support From McNally Capital
Deal News | Feb 13, 2025 | Ropes & Gray
McNally Capital has announced its investment in Jewett Automation, a company renowned for its production of filtration equipment and custom automation solutions, particularly in the realm of highly engineered automated manufacturing and robotic systems for complex industrial applications. This investment is made from McNally Capital Fund II, a dedicated buyout vehicle. The legal counsel for this transaction was provided by Ropes & Gray, which assembled a specialized team, including partners from various sectors such as private equity, tax, employment, finance, asset management, IP transactions, and real estate. McNally Capital, headquartered in Chicago, Illinois, specializes in acquiring founder-, family-, and management-owned businesses in the lower middle market, aligning with its investment strategy of targeting niche industries. The announcement was officially made on February 11 in a press release.
Sectors
- Private Equity
- Automation Technology
- Industrial Manufacturing
Geography
- United States – Both McNally Capital, based in Chicago, Illinois, and Jewett Automation operate within the United States, marking this as the geographic focus of the transaction.
Industry
- Private Equity – McNally Capital is a private equity firm involved in the acquisition of Jewett Automation, showcasing its role in managing buyout funds and investments.
- Automation Technology – Jewett Automation specializes in highly engineered, automated manufacturing, and robotic systems, emphasizing its presence in the automation technology sector.
- Industrial Manufacturing – The focus on industrial applications and filtration equipment positions Jewett Automation within the industrial manufacturing sector.
Financials
- Fund II – McNally's investment in Jewett Automation was made through its buyout vehicle, McNally Capital Fund II.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| McNally Capital | Bidding Company | Company | A Chicago-based private equity firm specializing in lower middle market acquisitions, including founder-, family-, and management-owned businesses. |
| Jewett Automation | Target Company | Company | A leading manufacturer of filtration equipment and custom automation solutions for complex industrial applications. |
| Ropes & Gray | Legal Advisor | Company | A law firm representing McNally Capital in their investment in Jewett Automation. |