McNally Capital has acquired Jewett Automation, a manufacturer of filtration equipment and custom automation solutions.
Jewett Automation designs and manufactures custom automated manufacturing systems and filtration equipment for industrial applications. The company develops robotic assembly lines, material handling systems, and inspection equipment that help manufacturers improve efficiency and product consistency.
Many of Jewett’s customers operate in the automotive, consumer goods, medical devices, and industrial manufacturing sectors. The company was founded in 1981 and is led by President James Van Thof with a headquarters in Richmond, Virginia.
“Jewett Automation has an outstanding reputation for leveraging cutting-edge technical expertise and delivering custom automation solutions across diverse industries,” said Shirish Pareek, an industry partner at McNally Capital. “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.”
Headquartered in Chicago, McNally Capital invests between $15 million and $40 million of control equity in companies operating in the aerospace and defense, industrial products and services, and business services sectors. The firm targets businesses with EBITDA between $5 million and $20 million.
McNally Capital is currently investing out of its committed buyout fund, McNally Capital Fund II LP. The firm was founded in 2008 by Ward McNally, a sixth-generation member of the McNally family, which owned and operated the Chicago-based mapmaking company Rand McNally for over 100 years until its sale in 1997.
“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,” said Mr. Van Thof. “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.”
“We’re excited about Jewett Automation and our broader expansion into the industrial automation market,” said Ravi Shah, a partner at McNally Capital. “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.”
Cascadia Capital served as the financial advisor to Jewett Automation, while Hilco Corporate Finance advised McNally Capital.
© 2025 Private Equity Professional | February 14, 2025
