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McNally Capital

Private equity

Chicago · Seed–Late Stage · 33 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 25, 2026.

Stage
Seed–Late Stage
Check
$15M – $65M
HQ
Chicago, US
Leads rounds
Leads
Instruments
Equity
Founded
2008
AUM
$680.9M
Tracked investments
24

Team · 33 people

from the firm's website & curated
Bill King· Industry Partner

Industry Partner associated with Dedicated Computing.

Bram Bluestein· Senior Advisor
Breaux Castleman· Senior Advisor
John E. Freund· Senior Advisorin
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 13 of 24 portfolio companies

Defense Tech ×8GovTech ×5Hardware ×5Advanced Manufacturing ×4Cybersecurity ×4Enterprise Software ×4Deep Tech ×3AI & Machine Learning ×2

HQs:United States×8

Investments · 24 tracked

founders shown can be your intro path
Intelligencecommunitynewsintelligencecommunitynews.comin𝕏✓ verified

An online publication and newsletter covering unclassified news and developments in the U.S. intelligence community marketplace, serving industry professionals and decision-makers who need market intelligence.

CybersecurityDefense TechEnterprise SoftwareGovTechMedia & EntertainmentChantilly, US

Nicholas Scherling(President and CEO)

Co-investorsBooz Allen VenturesGula Tech Adventures

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 Technologies Corporation provides intelligence and technical solutions for U.S. national security missions, serving Intelligence Community and Department of Defense customers across space, cyber, operations, and intelligence tradecraft mission sets.

AI & Machine LearningCybersecurityData & InfrastructureDefense TechGovTechMcLean, US

Jane Chappellin

Co-investorsColumbia CapitalMultiplier CapitalRazor's Edge Ventures

Amio2amio2.comin𝕏

Advanced Micro Instruments manufactures high-performance gas analyzers for industrial applications.

Advanced ManufacturingEnergyHardware

Conexusrecruitingconexusrecruiting.comin𝕏

Conexus Recruiting provides temporary staffing and consulting services for finance, accounting, technology, and human resources roles, serving businesses that need experienced professionals for project work or resource gaps.

Enterprise SoftwareFuture of WorkHR Tech

Dedicated Computingdedicatedcomputing.comin𝕏

Dedicated Computing designs and manufactures customized computing platforms for mission-critical equipment in healthcare, training, and industrial automation sectors.

Advanced ManufacturingDefense TechHardwareIoTMedical Devices

Phil Spivey(Chief Executive Officer)Kelani Morin(VP of Engineering)Gary Blackington(Sr. VP of Sales)Tracy Schuster(VP of Finance)Andy Feavel(Director of Operations)Andrew Herger(Director of Information Technology & Services)

Co-investorsMason Wells

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

A third-party logistics provider offering asset-lite transportation, dedicated fleet services, and distribution and fulfillment solutions across North America with multiple distribution centers strategically located to serve customers nationwide.

E-commerceLogistics & Supply ChainLas Vegas, US

Orbis

Aerospace & Defense portfolio company

Orbisoperationsorbisoperations.com
Patgroupipatgroupi.comin

PGI is a government and commercial contractor that provides mission-focused services and support to forward-deployed personnel across global operations in high-threat and austere environments.

Defense TechEnterprise SoftwareGovTech

Greg Craddock(Chief Executive Officer)Jason Blandford(Chief Financial Officer)Christy Beach(Chief Operating Officer)inDr. Robert Mabry, M.D.(Chief Medical Officer)

Patriot Group International

Aerospace & Defense portfolio company (PGI)

Pt6Apt6a.aeroin𝕏

ATS provides maintenance, repair, overhaul, and support services for Pratt & Whitney PT6A turboprop aircraft engines used in small to mid-sized aircraft.

Advanced ManufacturingHardwareLogistics & Supply Chain

Re-Sourcing

Industrial Technology & Services portfolio company (realized)

Thryve Automation

Industrial Technology & Services portfolio company, formerly Jewett Automation

Xcelerate Solutionsxceleratesolutions.comin𝕏

Xcelerate Solutions is a defense and national security firm providing integrated solutions in enterprise vetting and analysis, aviation security, and mission and digital solutions for federal agencies, the Department of Homeland Security, law enforcement, and the Intelligence Community.

CybersecurityDefense TechGovTech

Mark Drever(Chief Executive Officer)Vivek Malhotra(President)

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has McNally Capital made?
McNally Capital has 23 tracked investments.
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.
Who does McNally Capital co-invest with?
McNally Capital most often shares deals with Columbia Capital, Mason Wells, Multiplier Capital, among 4 tracked co-investors.

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