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McNally Capital Drives Growth and Innovation with Appointment of Lou Rassey as Co-CEO and Managing Partner

Gracie Gottlieb | 5 February, 2024

In a strategic move to further accelerate their progress and bring advanced technology to their partner companies, McNally Capital has appointed Lou Rassey as Co-Chief Executive Officer (Co-CEO) and Managing Partner. Lou Rassey, with his extensive executive leadership and business-building experience, will work alongside Founder, Co-CEO, and Managing Partner Ward McNally to shape and lead the next chapter for McNally Capital.

With a distinctive track record as a leading private equity manager and advisory firm, McNally Capital has established a solid foundation over the past fifteen years. Lou Rassey's appointment will create new opportunities for growth and expansion for the firm. Lou Rassey comes with 30 years of experience in scaling up new businesses and driving step-change improvements in established companies.

Lou Rassey's unique mix of leadership experiences in private equity, technology, and business operations makes him an ideal fit for McNally Capital. He spent over 12 years at McKinsey & Company, where he was a Partner and held leadership roles in the firm's Private Equity, Operations, and Technology practices. Lou worked closely with public and private-sector clients, focusing on strategy, advanced technology, and improvement of end-to-end operations.

As technology continues to play an increasingly important role in business and our daily lives, McNally Capital recognizes the need to invest in advanced technology for their partner companies to drive growth and competitiveness. Lou Rassey's new role will foster continued operational and technological innovation to enhance McNally Capital's current and future investments.

Apart from his experience at McKinsey, Lou Rassey co-founded Fast Radius, a technology company that introduced a new platform of software tools and tech-enabled manufacturing and supply solutions. In his role as CEO and Chairman, he led the company's efforts in understanding the future of manufacturing and technology in industry, advising companies and countries on how to best compete.

Lou Rassey is enthusiastic about his new role at McNally Capital, stating, "It is an honor to take on this role at McNally Capital. I am thrilled to join a firm with such a proud tradition of achievement and a commitment to upholding an exceptional environment for people and businesses to thrive. The firm's impressive track record is something we're eager to continue and build upon as we scale."

McNally Capital has built a reputation for applying a "walked-in-your-shoes" approach to scaling investments successfully. With Lou Rassey as Co-CEO and alongside Ward McNally, McNally Capital is poised to transform businesses to thrive. Lou Rassey's appointment allows Ward McNally to direct more attention to establishing the firm as a differentiated leader in the private equity world.

About McNally Capital:

McNally Capital is a private equity firm based in Chicago, Illinois. The firm focuses on acquiring lower middle-market businesses in the Aerospace & Defense/National Security, Industrial Products & Services, and Business Services industries. With their hands-on experience, institutional capabilities, and proprietary value creation framework, McNally Capital adds value to portfolio companies and benefits management teams in their next phase of growth. The firm also leverages a deep bench of industry partners who provide incremental industry and operating knowledge.

Ward McNally, a sixth-generation member of the McNally family, founded the firm in 2007. The McNally family proudly owned and operated Rand McNally & Company for over 100 years, providing a deep appreciation for building and scaling companies that shape industries and endure for generations.

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