Jewett Automation Partners with McNally Capital for Strategic Growth
Deal News | Feb 11, 2025 | McNally Capital LLC
McNally Capital LLC, a private equity firm noted for its investment in founder-, family-, and management-held businesses in the lower middle market, has announced its investment in Jewett Automation. Jewett, a leader in custom automation solutions and complex industrial applications, represents McNally's strategic alignment to enhance automation technology and foster growth. Guided by strategic partners with seasoned industrial expertise, McNally is set to bolster Jewett's offerings and exploit expanding market dynamics such as labor shortages and reshoring. The transaction was advised by Cascadia Capital and placed McNally's own Ward McNally, a veteran of building enduring business legacies, at the helm.
Sectors
- Industrial Technology & Services
- Private Equity
- Aerospace & Defense
Geography
- United States – McNally Capital is based in Chicago, Illinois, and Jewett Automation operates in the same national market, indicating the geographical focus of the investment.
Industry
- Industrial Technology & Services – Jewett Automation specializes in advanced engineering and automated solutions, which directly relates to the industrial technology segment.
- Private Equity – McNally Capital's involvement as a PE firm underscores this industry connection, focusing on strategic investments and value creation.
- Aerospace & Defense – While not directly cited in this article, McNally Capital's investment focus area includes Aerospace & Defense, reflecting their broader market interests.
Financials
- Not Disclosed – The specific investment amount by McNally Capital in Jewett Automation is not disclosed.
- McNally Capital Fund II – The fund from which McNally Capital invested in Jewett Automation.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| McNally Capital LLC | Investor | Company | A private equity firm specializing in acquiring and investing in founder, family, and management-owned businesses. |
| Jewett Automation | Target Company | Company | A leading provider of custom automation solutions for complex industrial applications. |
| Cascadia Capital | Financial Advisor to Jewett Automation | Company | The sole financial advisor for Jewett Automation in this transaction. |
| Whiteford Taylor & Preston LLP | Legal Counsel to Jewett Automation | Company | Provided legal counsel to Jewett Automation during the transaction. |
| Hilco Corporate Finance | Financial Advisor to McNally Capital | Company | Served as the financial advisor to McNally Capital. |
| Ropes & Gray LLP | Legal Counsel to McNally Capital | Company | Provided legal counsel to McNally Capital during the transaction. |
| Shirish Pareek | Executive Chairman of Jewett Automation | Person | An industry partner at McNally Capital and recognized leader in industrial automation. |
| James Van Thof | President of Jewett Automation | Person | An industry expert closely working with McNally Capital's team for company growth. |
| Ravi P. Shah | Partner at McNally Capital | Person | A partner at McNally Capital, emphasizing commitment to expansion in industrial automation. |
| Ward McNally | Co-CEO & Managing Partner of McNally Capital | Person | Founded the firm and is a sixth-generation McNally family member. Known for expertise in building and scaling enduring companies. |