Foundral, a McNally Capital-backed family of mechanical contracting firms, has acquired A. Hattersley & Sons. The Fort Wayne, Indiana-based company, founded in 1856, represents a significant historical addition to Foundral's portfolio. No financial terms were disclosed.

This acquisition extends Foundral's strategy of consolidating regional mechanical contractors. A. Hattersley & Sons brings deep Midwest roots and a long-standing reputation in commercial and industrial services. President and CEO Jack Koehne will continue leading the firm.

Industry consolidation is accelerating as larger platforms seek scale and geographic reach. The deal highlights private equity's role in rolling up specialized trades. For investors, it signals sustained activity in lower-middle-market industrial services, though valuation details remain private.