McNally Capital promotes four and hires another

McNally Capital has promoted four and hired another.

McNally Capital has promoted four and hired one. Beth Rahn is now principal and head of family capital; Ravi P. Shah has become a principal; Brian Grogan has been upped to chief financial officer; and Mike Ember has become a vice president. In addition to these promotions, the private equity firm has hired Ashley Kooyenga as director of business development.


CHICAGO–(BUSINESS WIRE)–McNally Capital is pleased to announce the promotion of four team members and the addition of Ashley Kooyenga as the Director of Business Development at McNally Capital.

Beth Rahn has been promoted to Principal & Head of Family Capital. Beth joined McNally Capital in 2013, leads McNally’s fundraising and investor relations efforts, and manages the firm’s network of over 800 family offices and investors, with a focus on harnessing the financial, intellectual and human capital of the firm’s family office and investor ecosystem.
Ravi P. Shah has been promoted to Principal. Ravi joined McNally Capital in 2016 and focuses on evaluating and executing direct private equity investments and supporting portfolio companies across the firm’s industries of focus. Ravi leads the execution of the firm’s investment theses within the Aerospace & Defense industry, which currently includes McNally Capital’s investments in Genesys Aerosystems, FedData and Altamira Technologies. He also represents the firm on the Board of Dedicated Computing. Ravi chairs McNally Capital’s Recruiting Committee and manages the firm’s associate and internship programs.

Brian Grogan has been promoted to Chief Financial Officer. Brian joined McNally Capital in 2017 and leads the firm’s back office. He is responsible for the firm’s and investment vehicles’ finance and compliance functions including accounting, tax, and cash management. Brian supports the portfolio companies and investment deal teams on structuring, tax planning, and due diligence. In addition, Brian is responsible for the day to day operations of the firm and various investor relations aspects of the investment vehicles. Brian also represents the firm on the Board of a co-investment in Nashville, Tennessee.

Mike Ember has been promoted to Vice President. Mike joined McNally Capital in 2017 and focuses on evaluating and executing direct private equity investments and supporting portfolio companies. Mike helped lead the diligence processes for McNally’s investments in FedData and Altamira Technologies and is a member of the ITS Logistics deal team.

In addition, Ashley Kooyenga has joined McNally Capital as the Director of Business Development, where she leads the firm’s origination and business development efforts, including sourcing new platform and add-on acquisition opportunities. Prior to joining McNally Capital, Ashley worked in various roles across the leveraged finance industry. Previously, she managed the origination and execution of senior debt financings to private equity-backed corporations for Ally Corporate Finance. Ashley also previously worked in an operating capacity, managing acquisitions and other strategic initiatives for Cordant Health Solutions, a private equity-owned, middle-market toxicology laboratory and pharmacy.

“Since joining our team, Beth, Ravi, Brian and Mike have meaningfully contributed to our strong performance and growth and have significantly helped build McNally’s presence and reputation as a leader in Direct Family Capital,” said Ward McNally, Managing Partner and Founder of McNally Capital. “Additionally, Ashley’s addition to our team to lead our Business Development efforts will further bolster our market presence and position ourselves to continue to execute our repeatable investment strategy, focused on acquiring founder and management-owned companies in the lower middle market.”

About McNally Capital
McNally Capital is a family owned private equity firm & merchant bank targeting thesis-driven investments in the U.S., specifically founder and management-owned companies. Formed by the McNally family, who owned and operated Rand McNally & Company, McNally Capital is dedicated to upholding a 140+ year legacy as a family-owned and operated company. We look for businesses where flexible capital can provide a benefit to owners and management teams. Our mission is to harness the financial, intellectual and human capital of our family office ecosystem to build value for our investors, management teams, and portfolio companies. For more information, please visit: