McNally Capital, a private equity firm, agreed to invest in Smith & Oby, a HVAC and plumbing mechanical contractor and services provider. Financial terms were not disclosed. “We are excited to partner with the Smith & Oby team to help them expand upon the exceptional growth they have already achieved in this industry. Smith & Oby has a highly-reputable brand name in the HVAC sector and a proven track record of delivering high-quality mechanical contracting products and services to its customers. We look forward to contributing Direct Family Capital and our firm’s industry expertise to enable their continued growth, diversify revenue streams, and expand into new markets," Ravi P. Shah, McNally Capital Principal.