Foundral Aims to Transform Mechanical Contracting Across the Midwest

Introduction

Foundral has emerged as a pioneering platform focused on reshaping the mechanical contracting landscape across the Midwest. With the backing of McNally Capital, a notable private equity firm, Foundral aims to unify several renowned union-backed mechanical contracting enterprises, primarily focusing on HVAC services. This initiative is driven by a vision to enhance infrastructure capabilities in the region and provide robust support structures for contractors.

The Vision of Foundral

Launched officially in December 2025, Foundral emphasizes the importance of skilled labor in shaping the commercial contracting sector. The company is built upon the legacy of Smith Oby, a well-respected mechanical contractor that has been an integral part of Ohio's construction industry since 1898. This foundation reflects Foundral's commitment to honoring historical craftsmanship while pushing for modernization within the sector.

Ravi Shah, a partner at McNally Capital, articulates the company's mission succinctly: "We are committed to creating the leading commercial HVAC player in the Midwest and beyond." Foundral's strategy involves amalgamating trusted contractors with substantial expertise while enabling growth through enhanced resources and capabilities.

Leadership and Expertise

At the helm of Foundral is Jason Richards, who has been appointed as the Executive Chairman of the Board and Chief Executive Officer. With over 33 years of experience in the infrastructure services sector, Richards' extensive knowledge in mechanical engineering and proven track record in operational excellence position him well to lead Foundral’s ambitious vision. His expertise is instrumental in integrating acquisitions successfully and delivering innovative solutions that cater to the diverse needs of general contractors and building owners.

Acquisition Strategy

Foundral's acquisition strategy targets leading mechanical contracting firms, specifically those with notable HVAC expertise and union labor. The company focuses primarily on businesses generating annual revenues exceeding $25 million and seeks organizations that serve evolving markets such as healthcare, education, manufacturing, and data centers. By strategically aligning with these companies, Foundral aspires to enhance its service offerings and expand its operational footprint in the Midwest and surrounding areas.

"With the rise of data centers and other advanced facilities, our role in supporting the Midwest's growing digital infrastructure needs is vital," notes Richards. This forward-looking statement highlights Foundral's proactive approach in contributing to essential infrastructure developments in the region, positioning itself as a key player in the unfolding opportunities.

Commitment to Sustainability

Sustainability underpins Foundral's operations, as the company endeavors to create enduring value by preserving the legacy of established organizations while equipping their employees with necessary resources. This dual approach ensures contractors can thrive in a competitive landscape while continuously improving their operational capabilities.

The company aims to foster a cohesive network among its contractors, empowering them to share knowledge, resources, and best practices across the board. Such collaboration is crucial in addressing the complexities and challenges in modern mechanical contracting.

Future Outlook

As Foundral continues to build its portfolio, it is poised to play a significant role in the growth of the Midwest's commercial infrastructure. With its commitment to supporting contractors and ensuring they remain competitive, Foundral is laying the groundwork for sustainable success. By focusing not only on immediate growth but also on long-term corporate responsibility and legacy preservation, Foundral is setting new benchmarks in the mechanical contracting domain.

In conclusion, the launch of Foundral is a significant milestone in advancing mechanical contracting in the Midwest. By uniting experienced contractors under a singular platform, the company is well-positioned to address the evolving needs of the infrastructure sector, while honoring the rich heritage of craftsmanship integral to its mission.