Denver, CO – September 21, 2016 – The McNally Group announced that effective July 1, 2016 substantially all of the assets of each of its operating businesses were acquired by affiliates of Gardner Standard LLC, a private equity firm headquartered in Minneapolis, Minnesota, and Sparta Capital Partners, LLC, a private equity firm headquartered in Milwaukee, Wisconsin. Certain members of management also invested in the transaction.

Headquartered in Denver, Colorado, the McNally Group is a collection of independent companies that serve the defense, commercial aerospace and energy industries with a common commitment to quality, value and customer service.  Each of the McNally Group’s operating businesses was separately acquired as part of the transaction, including McNally Industries, with operations in Grantsburg, Wisconsin; Pacific Aero Tech, with operations in Seattle, Washington; and Sun Country Industries, with operations in Albuquerque, New Mexico.

Tom Brunts, President of the McNally Group, commented that “each of our companies has exciting growth opportunities and our successful recapitalization will allow us to support these growth initiatives. I look forward to working with Gardner Standard and Sparta Capital Partners to maximize the opportunities of each of these businesses.”

Rick Armbrust, Managing Director of Sparta Capital Partners, said “we have had the pleasure of working with Tom and other members of the McNally Group team for many months and are impressed by their dedication and commitment to offering high quality products and services to their customers.  We couldn’t be more excited to partner with Tom and his team to build the McNally Group’s businesses.”