Foundral Debuts with Strategy to Scale Union HVAC Contractors Across the Midwest
Key Highlights
- Foundral is a new platform focused on acquiring and integrating Midwest commercial mechanical contractors.
- Backed by McNally Capital, it aims to modernize and scale regional mechanical services while preserving company legacies.
- Jason Richards, with over 33 years of experience, leads Foundral as CEO and Executive Chairman.
CHICAGO — Foundral has officially launched as a new platform focused on acquiring and integrating commercial mechanical contracting companies across the Midwest. Backed by McNally Capital, the platform builds on the foundation of Smith & Oby and its subsidiary DSO, two long-established contractors serving Ohio and West Virginia.
According to McNally Capital, Foundral is designed to unite respected union-backed mechanical firms and support them with centralized operational resources. The initiative aims to strengthen regional capabilities while helping contractors modernize and scale. Ravi Shah, Partner at McNally Capital, said the platform brings together accomplished contractors while preserving each company’s legacy and workforce.
Foundral has appointed Jason Richards as Executive Chairman of the Board and Chief Executive Officer. Richards has more than 33 years of experience in infrastructure services and has led growth and operational improvements for multiple businesses. His background includes mechanical engineering, electrical systems, building controls and energy service solutions.
Richards said Foundral’s strategy focuses on acquiring high-performing commercial mechanical contractors with strong HVAC specialization, union labor and annual revenues of at least $25 million. Target markets include data centers, hospitals, manufacturing facilities and colleges and universities. The company expects increased demand from the expansion of data centers and other advanced infrastructure throughout the Midwest.
Foundral plans to integrate new partners through a structured support system designed to improve efficiency, workforce depth and project delivery. The company is positioning itself to help contractors meet the region’s growing need for mechanical, electrical and building systems expertise.
For more information about Foundral, visit www.foundral.com.
Note: This piece was created with the help of generative AI tools and edited by our content team for clarity and accuracy.