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Business/Financial

Private Equity Firm Susquehanna Capital Acquires Majority Stake In McNally Industries

By Cal Biesecker

Tuesday, September 10th, 2019

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Private Equity Firm Susquehanna Capital Acquires Majority Stake In McNally Industries

Leo Helmers, co-founder and group head of Susquehanna Private Capital. Photo: SPC

The private equity firm Susquehanna Private Capital, LLC (SPC) on Monday said it has acquired a majority stake in defense and energy system contractor McNally Industries, LLC. SPC acquired Wisconsin-based McNally from the private equity firm Gardner Standard, which retains a minority position in McNally. Terms of the deal were not disclosed. McNally supports a wide range of military platforms, including among others the Army’s Bradley fighting vehicle and Armored Multi-Purpose Vehicle, Black Hawk, Apache and Chinook helicopters, Navy DDG-51…

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