Cascadia Advises McNally Industries, a portfolio company of Susquehanna Growth Equity, on Debt Financing from Western Alliance Bank

a portfolio company of Susquehanna Growth Equity Logo

has received debt financing from Western Alliance Bank Logo

Cascadia Capital is pleased to announce it acted as the exclusive financial advisor to McNally Industries (“McNally”), a portfolio company of Susquehanna Growth Equity (“SGE”), in securing a new debt facility led by Western Alliance Bank (“Western Alliance”). This financing solution will be used to refinance McNally’s existing facility.

Founded in 1942 and headquartered in Grantsburg, WI, McNally is a leading designer and manufacturer of precision-machined components, complex assemblies, and hydro-mechanical systems for mission-critical defense and industrial applications. The Company’s capabilities span design, test, and reverse-engineering, supporting a blue-chip customer base with an average tenure of more than 20 years, including relationships of more than 40 years with several of its largest defense and government customers. McNally is deeply embedded in customer supply chains anchored by contractual, program-of-record demand.

“Cascadia was a great partner to McNally and SGE throughout the process, and the team’s thoughtfulness was a real differentiator,” said Kyle Squillario, Managing Director at Susquehanna Growth Equity. “We’re pleased with the outcome and look forward to McNally’s continued growth alongside the Western Alliance team.”

“Through a disciplined and competitive process, we attracted strong lender interest and delivered a financing solution that provides McNally Industries with the flexibility to continue executing on its growth strategy and delivering on its record backlog,” said Tom Mills, Head of Capital Markets at Cascadia Capital. “Following exclusivity, McNally closed on its new facility with Western Alliance in just two weeks, securing an ideal financing partner to support the company’s continued growth.”