McNally Capital (McNally), a specialist in Direct Family Capital, has invested in The Smith & Oby Company (Smith & Oby), a Midwest HVAC and plumbing mechanical contractor and services provider serving primarily the healthcare, education, commercial & industrial, and civic end markets.

McNally invested in Smith & Oby out of McNally Capital Fund II, the firm’s committed buyout vehicle.

McNally’s investment in Smith & Oby aligns with the firm’s investment thesis focused on facilities management and HVAC. McNally Capital completed this investment in line with its model of partnering with family- and founder-owned businesses.

McNally Capital invests capital on behalf of the McNally family, who owned and operated Rand McNally & Company, as well as other family offices and like-minded institutional investors.