McNally Capital, a private equity firm specializing in acquiring founder-, family-, and management-owned businesses in the lower middle market, announced an investment in Jewett Automation. Jewett Automation is a leading manufacturer of filtration equipment and custom automation solutions, specializing in automated manufacturing and robotic systems for complex industrial applications.
McNally had invested in Jewett Automation out of McNally Capital Fund II, the firm’s committed buyout vehicle. And McNally Capital’s investment aligns with its strategy of working with experienced management teams and industry experts to drive long-term value creation.
Shirish Pareek (Industry Partner at McNally), a recognized leader in industrial automation, will serve as Executive Chairman for Jewett Automation, working closely with his former colleague and industry expert, James Van Thof, President of Jewett Automation.
Cascadia Capital acted as the sole financial advisor and Whiteford Taylor & Preston acted as legal counsel to Jewett Automation. And Hilco Corporate Finance served as financial advisor, and Ropes & Gray LLP served as legal counsel to McNally Capital.
KEY QUOTES:
“Jewett Automation has an outstanding reputation for leveraging cutting-edge technical expertise and delivering custom automation solutions across diverse industries. With McNally Capital’s support, we have a great opportunity to enhance Jewett Automation’s capabilities, push the boundaries of automation technology, and accelerate growth. I’m excited about what’s ahead as we continue to deliver exceptional value.”
– Shirish Pareek, Industry Partner at McNally
“Partnering with McNally Capital is a natural fit for Jewett Automation. Their long-term approach and deep understanding of management-led businesses align perfectly with our culture and vision. With their guidance and commitment to collaboration, we are confident that Jewett Automation will continue to thrive, providing best-in-class solutions to our customers while preserving the values that have made us successful.”
– James Van Thof, President of Jewett Automation
“We’re excited about Jewett Automation and our broader expansion into the industrial automation market. With market tailwinds such as labor shortages, rising consumer demand, and the accelerated pace of reshoring, Jewett Automation has grown into the dynamic company it is today. We look forward to leveraging our expertise to drive the company’s expansion efforts.”
– Ravi P. Shah, Partner of McNally Capital
