:

Business/Financial

Private Equity Firm Susquehanna Capital Acquires Majority Stake In McNally Industries

By Cal Biesecker

Tuesday, September 10th, 2019

SHARE:

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…

Congress

House Republicans Block Measure To Impeach Hegseth

House Republicans on Tuesday evening voted to block an attempt to impeach Defense Secretary Pete Hegseth. In a 211-204 vote, the House moved to refer Rep. Thomas Massie’s (R-Ky.) articles […]

Congress

Top House Defense Appropriator Calvert Officially Wins Reelection Bid

Rep. Ken Calvert (R-Calif.), House Republicans’ top defense appropriator, has officially won his reelection bid. Calvert was running for a redistricted seat against fellow House Republican Rep. Young Kim (R-Calif.), […]

Congress

No Path To Defense Reconciliation, Including GOP’s $350 Billion, Coons Says

Top Senate Democrats threw cold water on any GOP plans for a $350 billion fiscal 2027 reconciliation bill, or any defense reconciliation bill, before a new Congress is sworn in […]

Congress

Industry Groups ‘Urge’ Congress To Block Stock Buyback Restriction From Final FY ‘27 NDAA

More than three dozen industry associations on Monday called on congressional defense committee leaders to scrap a provision in the final version of the next National Defense Authorization Act that […]