Foundral announced the acquisition of A. Hattersley & Sons, a Fort Wayne, Indiana-based mechanical contracting company founded in 1856. The deal expands Foundral’s growing portfolio of union-backed mechanical contracting businesses and strengthens its presence across the Midwest.
Founded more than 160 years ago, A. Hattersley & Sons is recognized as one of the oldest mechanical contractors in the Fort Wayne region. The company specializes in the design, engineering, project management, installation, and maintenance of piping and HVAC systems across commercial, industrial, and institutional markets. The company has built a reputation for full-service capabilities, technical expertise, and long-term client partnerships.
Jason Richards said the acquisition aligns with Foundral’s long-term growth strategy and strengthens the platform’s operational footprint.
Foundral is backed by McNally Capital, which supports the platform’s strategy of acquiring established mechanical contracting businesses while preserving their individual identities and cultures. The platform focuses on helping acquired companies pursue larger and more complex projects across sectors including healthcare, higher education, industrial, government, life sciences, and data centers.
Ravi P. Shah said A. Hattersley & Sons is a natural addition to Foundral’s growing platform of mechanical contracting companies and further strengthens the organization’s capabilities across the country.
Founded in Chicago, Foundral operates as a family of mechanical contracting businesses focused on HVAC, plumbing, and fire protection infrastructure projects. Meanwhile, McNally Capital invests in lower middle-market companies across Aerospace & Defense and Industrial Technology & Services sectors through its buyout strategy.
KEY QUOTES:
“A. Hattersley & Sons has a prestigious history, a strong sense of technical expertise and a desired, strategic location that makes them an exceptional partner. Together, we will build on their foundation while investing in the people, capabilities and infrastructure needed to support long-term growth.”
Jason Richards, CEO of Foundral
“Foundral’s focus on responsible growth and long-term investment in mechanical services aligns well with what we value as a company. We wanted a partner who could help us scale thoughtfully while preserving the craftsmanship, relationships and culture that have defined our success for generations. Foundral is the right fit to carry that legacy forward.”
Jack Koehne, President and CEO of A. Hattersley & Sons
“McNally Capital is excited to welcome A. Hattersley & Sons to Foundral’s portfolio of established mechanical contracting firms. As Foundral continues to support its partner companies in pursuing larger, more complex projects while maintaining their distinct identities and cultures, Hattersley represents a natural addition to the platform. This addition further strengthens an already impressive platform of highly accomplished contractors across the country.”
Ravi P. Shah, Partner at McNally Capital
