#USA #Chicago #mechanical services #Foundral #A. Hattersley

Foundral Expands Mechanical Services with Strategic Acquisition

Foundral has recently made a significant stride in the mechanical contracting industry by acquiring A. Hattersley & Sons, which is based in Fort Wayne, Indiana. Historically known as one of the oldest and most respected mechanical contractors in the area, A. Hattersley & Sons has been delivering high-quality mechanical solutions since its inception in 1856. This acquisition positions Foundral to enhance its offerings in the mechanical services sector, showcasing a rich legacy of over a century of experience.

A Partnership Based on Quality and Tradition

The acquisition was described by Jason Richards, Foundral's CEO, as a harmonious partnership that combines A. Hattersley & Sons’ prestigious history with Foundral's growth vision. With a strong foundation built on quality workmanship and community involvement, A. Hattersley & Sons has established itself as a leader in the mechanical industry, particularly excelling in the engineering, project management, installation, and maintenance of HVAC and piping systems.

Richards emphasized the technical expertise that comes with this collaboration, highlighting the strategic location and capability of A. Hattersley & Sons, which will enable both companies to capitalize on expanding their reach and services in the Midwest.

Commitment to Responsible Growth

Jack Koehne, president and CEO of A. Hattersley & Sons, echoed Richards’ sentiments by sharing that the company's ethos syncs well with Foundral’s commitment to responsible growth. Koehne noted the importance of preserving the craftsmanship and company culture that have been foundational to their success. He firmly believes that Foundral is the ideal partner to help scale their operations thoughtfully while maintaining their dedication to quality service.

The acquisition enriches Foundral’s portfolio, which is supported by McNally Capital, a private equity firm focused on investing in mechanical contracting firms. With this backing, Foundral aims to empower its acquired companies like A. Hattersley & Sons to take on more extensive and complex projects while allowing them to retain their unique identities.

An Impressive Legacy and Future Forward

As the mechanical services landscape continues to evolve, Foundral's move to incorporate A. Hattersley & Sons reflects an ambition to build a more comprehensive and capable platform. Ravi P. Shah, a partner at McNally Capital, expressed excitement over A. Hattersley joining the Foundral portfolio, emphasizing its impressive history and potential to contribute significantly to the Foundral initiative.

Conclusion

With this acquisition, Foundral not only strengthens its mechanical services platform but also brings together a legacy of craftsmanship and a commitment to quality service delivery. The partnership showcases how combining rich histories can forge paths for future growth and excellence in the mechanical contracting industry. For further details, you can visit A. Hattersley & Sons and Foundral.

About Foundral

Foundral is committed to developing a robust family of mechanical contracting companies backed by union support, focusing on high-performance solutions across various sectors, including healthcare and education.

About McNally Capital

McNally Capital specializes in lower middle-market investments, leveraging extensive industry experience to foster growth and create value for its portfolio companies.