Foundral acquires A. Hattersley & Sons, expanding mechanical services platform

Foundral, a platform focused on developing a network of union-backed mechanical contracting companies, has announced its acquisition of A. Hattersley & Sons, a mechanical contracting firm based in Fort Wayne, Indiana. The deal, which was disclosed on May 21, 2026, involves an undisclosed financial amount and marks a significant addition to Foundral's portfolio in the mechanical contracting sector. A. Hattersley & Sons, with a legacy dating back to 1856, is recognized as the oldest mechanical contractor in the region, boasting over a century of experience in delivering quality mechanical solutions across various commercial, industrial, and institutional markets.

The acquisition of A. Hattersley & Sons enhances Foundral's strategic presence in the Midwest, a region known for its robust industrial and commercial activities. A. Hattersley & Sons specializes in advanced design, construction, engineering, project management, installation, and maintenance of piping and HVAC systems. The company has built a solid reputation for its full-service capabilities and commitment to quality workmanship, which has earned it a trusted status among clients in the region. Foundral's CEO, Jason Richards, emphasized the value of A. Hattersley & Sons' technical expertise and strategic location, indicating that the partnership will focus on leveraging these strengths for long-term growth.

Foundral is backed by private equity firm McNally Capital, which has a history of investing in lower middle-market companies across various sectors, including industrial technology and services. The partnership with A. Hattersley & Sons aligns with Foundral's mission to empower its acquired companies to take on larger and more complex projects while maintaining their unique identities and cultural values. Jack Koehne, president and CEO of A. Hattersley & Sons, expressed confidence that Foundral's approach to responsible growth and long-term investment will help the company scale effectively while preserving its craftsmanship and community relationships.

The mechanical contracting sector is experiencing a transformative phase, driven by increasing demand for high-performance infrastructure solutions across multiple industries, including healthcare, education, and government. As companies seek to enhance their capabilities and expand their service offerings, strategic acquisitions like that of A. Hattersley & Sons by Foundral are likely to become more prevalent. This trend reflects a broader market movement towards consolidation in the mechanical contracting space, aiming to create more comprehensive service providers capable of meeting the evolving needs of clients.

Overall, the acquisition underscores the growing importance of strategic partnerships in the mechanical contracting industry, particularly as firms navigate a competitive landscape marked by technological advancements and changing client expectations. Foundral's commitment to investing in its acquired companies and enhancing their operational capabilities positions it well for future growth in the sector. As the market continues to evolve, the integration of established firms like A. Hattersley & Sons into larger platforms may lead to increased efficiencies and innovation, ultimately benefiting clients and stakeholders across the industry.