TSL Express Daily News
The Secured Lender
SFNet's Women in Secured Finance Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
March 12, 2025
Source: Hilco Corporate Finance
Hilco Corporate Finance (“HCF”) is pleased to announce the closing of a financing for McNally Capital (“McNally”) in connection with the acquisition of Jewett Automation (“Jewett”). HCF acted as exclusive financial advisor to McNally. Financing for the transaction was provided by Siguler Guff.
McNally 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. The Firm pursues thesis-driven buyout investments in the lower middle market across two primary industries: Aerospace & Defense and Industrial Technology & Services. McNally 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’s investors.
Based in Richmond, VA, Jewett is a leading provider of custom automation solutions and filtration equipment, specializing in highly engineered automated systems for complex industrial applications. With over 40 years of experience, the company has established a strong reputation for delivering reliable, on-time solutions across a diverse range of industries. Known for its proprietary technologies and long-standing customer relationships, Jewett leverages advanced robotics and automation to enhance operational efficiency and product quality, positioning itself as a trusted partner for businesses seeking innovative, high-performance solutions.
Situation & Engagement
McNally sought a lending partner to support the initial acquisition of Jewett as well as near-term add-on acquisitions. Siguler Guff was selected because of its desire to partner with McNally, competitive financing terms, and flexibility and capability to support the future growth of the business.
Outcome
McNally’s investment in Jewett aligns with its strategy of partnering with experienced management teams and industry experts to drive long-term value creation. Shirish Pareek is an Industry Partner at McNally and will serve as Executive Chairman for Jewett Automation, working closely with his former colleague and industry expert, James Van Thof, President of Jewett. Shirish is a recognized leader in industrial automation and intends to push the boundaries of automation technology and accelerate growth with Jewett.
About Hilco Corporate Finance and Hilco Global
Hilco Corporate Finance, an investment banking and financial advisory firm affiliated with Hilco Global, provides unmatched creativity and relentless support to its clients. HCF’s seasoned team of professionals provides Capital Advisory, M&A Advisory, and Special Situations/Restructuring Advisory across a range of industries, including Industrial, Consumer, Retail, Business Services, Metals and Mining, Automotive, and Oil & Gas. HCF is a registered broker dealer and member of FINRA and SIPC. For more information, visit www.hilcoglobal.com.
McNally 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. The Firm pursues thesis-driven buyout investments in the lower middle market across two primary industries: Aerospace & Defense and Industrial Technology & Services. McNally 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’s investors.
Based in Richmond, VA, Jewett is a leading provider of custom automation solutions and filtration equipment, specializing in highly engineered automated systems for complex industrial applications. With over 40 years of experience, the company has established a strong reputation for delivering reliable, on-time solutions across a diverse range of industries. Known for its proprietary technologies and long-standing customer relationships, Jewett leverages advanced robotics and automation to enhance operational efficiency and product quality, positioning itself as a trusted partner for businesses seeking innovative, high-performance solutions.
Situation & Engagement
McNally sought a lending partner to support the initial acquisition of Jewett as well as near-term add-on acquisitions. Siguler Guff was selected because of its desire to partner with McNally, competitive financing terms, and flexibility and capability to support the future growth of the business.
Outcome
McNally’s investment in Jewett aligns with its strategy of partnering with experienced management teams and industry experts to drive long-term value creation. Shirish Pareek is an Industry Partner at McNally and will serve as Executive Chairman for Jewett Automation, working closely with his former colleague and industry expert, James Van Thof, President of Jewett. Shirish is a recognized leader in industrial automation and intends to push the boundaries of automation technology and accelerate growth with Jewett.
About Hilco Corporate Finance and Hilco Global
Hilco Corporate Finance, an investment banking and financial advisory firm affiliated with Hilco Global, provides unmatched creativity and relentless support to its clients. HCF’s seasoned team of professionals provides Capital Advisory, M&A Advisory, and Special Situations/Restructuring Advisory across a range of industries, including Industrial, Consumer, Retail, Business Services, Metals and Mining, Automotive, and Oil & Gas. HCF is a registered broker dealer and member of FINRA and SIPC. For more information, visit www.hilcoglobal.com.