Susquehanna to acquire McNally Industries.

Susquehanna, a middle market investment firm and member of the Susquehanna International Group of Companies, invested in McNally Industries, a precision systems manufacturer to defense and industrial markets based in Grantsburg, Wisconsin. Financial terms were not disclosed. McNally has an established history supporting various US Department of Defense customers with missions across land, air, and sea. Supported programs include Ground Combat Vehicles, including Bradley, Paladin and the Army's new Armored Multi-Purpose Vehicle, Army Rotary Wing Aircraft, including Blackhawk, Apache and Chinook, the Navy's fleet of DDG-51 destroyers as well as the Army's 120mm, 81mm and 60mm Mortar Weapons Systems. "We are excited to partner with McNally's management team during the next phase of the Company's growth. The Company's impressive manufacturing operations coupled with its advanced engineering and design capabilities serve as clear differentiators at a time when the industry is demanding more from its suppliers." Kyle Squillario, Director at SPC.