Nio Advisors and McNally Capital, two asset managers, agreed to acquire Orbis Operations, a provider of intelligence and national security advisory. Financial terms were not disclosed. “Orbis has unparalleled knowledge within the intelligence community and significant national security experience, and we are excited to partner with them as they continue their growth. Our partnership with the Orbis team aligns with our internal expertise in the Aerospace & Defense industry and our investment thesis in intelligence and national security," Ravi P. Shah, McNally Capital Principal.