McNally Capital Completes Sale of Advanced Micro Instruments, Inc. to Enpro Inc.

McNally Capital (“McNally”), a private equity firm, is pleased to announce it has completed the previously announced sale of Advanced Micro Instruments, Inc. (“AMI”) to Enpro Inc. (NYSE: NPO). AMI is a leading provider of highly engineered, application-specific analyzers and sensing technologies that monitor critical parameters to maintain infrastructure integrity, enable process efficiency, enhance safety, and facilitate the clean energy transition. The sale, completed on January 29, 2024, marks the fifth realized portfolio company for McNally Capital.

McNally originally invested in AMI in 2014, and the acquisition stemmed from the firm’s focus on the industrial technology, products, and services industry. It was consistent with the firm’s strategy of partnering with founders and management owners to promote the continued success and expansion of privately held businesses.

McNally Capital makes thesis-driven investments in the U.S. and targets founder- and management-led companies. The firm is focused on acquiring lower middle-market businesses with $5 million to $20 million in EBITDA in the Aerospace & Defense/National Security, Industrials, and Business Services industries.

About McNally Capital

McNally Capital is a private equity firm based in Chicago, Illinois. The firm is currently investing out of its committed buyout fund, McNally Capital Fund II, LP.

McNally Capital seeks to apply its hands-on experience, institutional capabilities, and proprietary value creation framework to its portfolio companies to benefit management teams in their next phase of growth and build value for McNally Capital’s investors. The firm also leverages a deep bench of industry partners who provide incremental industry and operating knowledge.

Ward McNally founded the firm in 2008. He is a sixth-generation member of the McNally family, which proudly owned and operated Rand McNally & Company for over 100 years until its sale in 1997. These roots provide a deep appreciation of building and scaling companies that shape industries and endure for generations.

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