Investment Summary

McNally Capital Invests In Smith & Oby

On March 7, 2022, private equity firm McNally Capital invested in construction company Smith & Oby

Investment Highlights
  • This is McNally Capital’s 1st transaction in the Construction sector.
  • This is McNally Capital’s 10th transaction in the United States.
  • This is McNally Capital’s 1st transaction in Ohio.

Investment Summary

Date 2022-03-07
Target Smith & Oby
Sector Construction
Investor(s) McNally Capital
Deal Type Growth Capital
Advisor(s) MelCap Partners (Financial)
Benesch, Friedlander, Coplan & Aronoff (Legal)

Target

Smith & Oby

Walton Hills, Ohio, United States
Smith & Oby is a mechanical contracting firm delivering services including, but not limited to: HVAC, plumbing, process piping, project budgeting and estimating, 3D-BIM, design/build, engineering, service & maintenance, and 24/7 emergency service. Smith & Oby was founded in 1898 and is based in Walton Hills, Ohio.

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Investor(S) 1

DESCRIPTION

McNally Capital is a family office that partners with other family offices to acquire and invest in lower middle-market business services and manufacturing companies. The Firm targets control or minority investments in US-based companies with $5 to $15 of EBITDA. Specific areas of interest include industrials, food/beverages, aerospace/defense, healthcare, energy, and packaging. McNally Capital was established in 2007 and is based in Chicago, Illinois.


DEAL STATS #
Overall 10 of 11
Sector (Construction) 1 of 1
Type (Growth Capital) 5 of 6
State (Ohio) 1 of 1
Country (United States) 10 of 11
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
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ITS Logistics is a third-party logistics provider that delivers a variety of services in supply chain management, freight logistics, distribution/fulfillment, and transportation management. ITS Logistics was founded in 1999 and is based in Sparks, Nevada.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-12 Xcelerate Solutions

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