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McNally Capital

Private equity

Chicago · Seed–Late Stage · 30 people tracked

Also known as MCNALLY ADVISORS, LLC

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Investment thesis

McNally Capital applies a thesis-driven investment methodology combined with deep sector expertise in Aerospace & Defense and Industrial Technology & Services. The firm targets lower-middle-market, founder-, family-, and management-led companies, using formalized selection criteria and a rigorous framework to identify platforms with potential for alpha generation. Its proprietary value-creation roadmap, Atlas, integrates governance, strategic planning, and operational improvements to drive growth. The firm favors Aerospace & Defense for its mission-critical nature and high barriers to entry, and Industrial Technology & Services for its role in addressing geopolitical and labor challenges. It emphasizes long-term partnerships built on integrity, respect, and collaboration.

Source: firm website, verified Aug 11, 2026.

Stage
Seed–Late Stage
Check
$15M – $65M
HQ
Chicago, US
Leads rounds
Leads
Instruments
Equity
Founded
2008
AUM
$680.9M
Tracked investments
25

Team · 30 people

from the firm's website
Bill King· Industry Partner

Industry Partner associated with Dedicated Computing.

Bram Bluestein· Senior Advisor
Breaux Castleman· Senior Advisor
John E. Freund· Senior Advisor
John Edwardson· Industry Partner

Industry Partner associated with FedData.

Phil Rooney· Industry Partner

Industry Partner associated with Foundral and ITS Logistics.

Rob Wilson· Industry Partner

Industry Partner associated with Airforce Turbine Service (ATS) and Genesys Aerosystems.

Sandy McNally· Senior Advisor
Seth Deutsch· Industry Partner

Industry Partner associated with Foundral.

Shirish Pareek· Industry Partner

Industry Partner associated with Thryve Automation.

What they invest in

from 12 of 25 portfolio companies

Defense Tech ×6Hardware ×5Advanced Manufacturing ×4Deep Tech ×3AI & Machine Learning ×2Cybersecurity ×2Data & Infrastructure ×2GovTech ×2

HQs:United States×4

Investments · 25 tracked

founders shown can be your intro path
Thryvethryve.coin✓ verified

THRYVE Automation designs and builds custom turnkey automation systems—including robotics, machine vision, material handling, inspection, and packaging—for manufacturers in energy, life sciences, HVAC/filtration, automotive, and consumer products.

Advanced ManufacturingHardwareRoboticsRichmond, US

Advanced Micro Instruments Inc.

Industrial Technology & Services portfolio company (realized)

Airforce Turbine System

Aerospace & Defense portfolio company (ATS)

Altamiraaltamiracorp.comin

Altamira, a Parsons company, provides multi-intelligence solutions and operations support for national security missions, combining data science, machine learning, and software engineering.

AI & Machine LearningData & InfrastructureDefense Tech

Amio2amio2.comin𝕏

AMI designs and manufactures gas analyzers for measuring gases such as oxygen, hydrogen sulfide, and moisture across industrial applications.

Advanced ManufacturingEnergyHardware

Conexusrecruitingconexusrecruiting.comin

Conexus is a recruiting and staffing firm that places Finance, Technology, and HR professionals (including MBAs, CPAs, and HR specialists) in direct-hire roles and provides interim and advisory support for the Office of the CFO.

Future of WorkHR Tech

Dedicated Computing

Industrial Technology & Services portfolio company

Dedicatedcomputingdedicatedcomputing.comin𝕏

Dedicated Computing designs and manufactures certified embedded computing platforms and rack servers for original equipment manufacturers (OEMs) building mission-critical devices in fields such as medical/lab diagnostics, training, and industrial operations.

Advanced ManufacturingHardwareIoT

Endurionendurion.comin𝕏

Endurion builds mission-critical systems for national security and defense operations in the United States, combining operational expertise with AI-enabled analytics and technology platforms.

AI & Machine LearningData & InfrastructureDeep TechDefense Tech

Europa

Industrial Technology & Services portfolio company (realized)

Europasportseuropasports.com
FedDatafeddata.comin

FDTS (Fed Data) provides IT technical services for U.S. government clients, including the Department of Defense and intelligence community, helping them optimize infrastructure, reduce costs, develop new capabilities, and improve security.

Cloud ComputingCybersecurityDeep TechDefense TechEnterprise SoftwareGovTech

Foundral

Industrial Technology & Services portfolio company, original investment Smith & Oby

Genesys Aerosystemsgenesys-aerosystems.comin

Genesys Aerosystems, part of Moog, provides avionics systems and integration for fixed-wing and rotary aircraft, including the OASIS open-architecture display software and the Genesys Avionics Suite.

Deep TechDefense TechHardware

ITS Logistics

Industrial Technology & Services portfolio company (realized)

Its4Logisticsits4logistics.comin𝕏

ITS provides supply chain and logistics services including container management, truckload solutions, and distribution and fulfillment.

Logistics & Supply Chain

Orbis

Aerospace & Defense portfolio company

Orbisoperationsorbisoperations.com
Patgroupipatgroupi.comin

Patriot Group International (PGI) is a mission support service provider offering expeditionary services to clients in the intelligence, defense, and private sectors, with operations across more than 50 countries.

Defense Tech

Patriot Group International

Aerospace & Defense portfolio company (PGI)

Pt6Apt6a.aeroin𝕏

ATS is an FAA and EASA certified repair station providing maintenance, repair, and overhaul services for Pratt & Whitney PT6 aircraft engines.

Advanced ManufacturingHardware

Re-Sourcing

Industrial Technology & Services portfolio company (realized)

Thryve Automation

Industrial Technology & Services portfolio company, formerly Jewett Automation

Xcelerate Solutions

Aerospace & Defense portfolio company

Xceleratesolutionsxceleratesolutions.comin𝕏

Xcelerate Solutions provides aviation security, enterprise vetting, identity proofing, and mission operations services to U.S. government agencies and national security missions.

CybersecurityDefense TechGovTech

Mark Drever(CEO)Vivek Malhotra(President)

Frequently asked questions

What stage does McNally Capital invest at?
McNally Capital invests at the Seed, Growth, Late Stage stages.
What is McNally Capital's typical check size?
McNally Capital typically writes checks of $15M – $65M.
What sectors does McNally Capital focus on?
McNally Capital focuses on Advanced Manufacturing, Defense Tech, Logistics & Supply Chain, New Materials, Robotics, Space Tech.
Where is McNally Capital located?
McNally Capital is headquartered in Chicago, US.
Does McNally Capital lead rounds?
Yes, McNally Capital leads investment rounds.

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