Evergreen Advisors Capital, a middle-market investment bank, announced today that it advised Spathe Systems LLC (“Spathe”) on its merger with Quiet Professionals LLC (“Quiet Professionals”), a portfolio company of McNally Capital, a private equity firm specializing in aerospace & defense and industrial technology & services investments in the lower middle market.
The combined platform is positioned to become the leading provider of defense technology and operational support solutions with a specialized focus on the U.S. Special Operations Forces (SOF) community. The unified company will operate under a new name to be announced at a later date and will be led by Andy Wilson, current CEO of Quiet Professionals, who will serve as Chief Executive Officer of the combined entity.
“This merger represents a significant milestone for our teams and for the SOF community we serve,” said Andy Wilson, CEO of Quiet Professionals. “By combining our strengths, talent, and proven track records, we are creating a single, integrated platform uniquely positioned to support our customers’ evolving missions with greater agility, scale, and technical excellence.”
Both companies, headquartered in Tampa, Florida, bring a shared heritage of service, innovation, and commitment to supporting the U.S. Special Operations Forces and the broader defense and national security community. Together, they bring deep expertise across intelligence, cybersecurity, advanced analytics, cloud services, and defense operations support.
“We are excited to combine two exceptional organizations whose missions and cultures are deeply aligned,” said Ward McNally, Co-CEO & Managing Partner of McNally Capital. “Quiet Professionals and Spathe Systems have both built tremendous reputations as trusted partners to the U.S. government and defense community. Through this merger, we are creating a platform that unites the best of both, expanding our ability to deliver integrated, technology-enabled solutions that support the most critical national security missions.”
Founded by veterans and built around the principles of precision, discretion, and innovation, Quiet Professionals has earned recognition for its advanced intelligence, analytics, and technology solutions. Spathe Systems, also veteran-owned, has become a trusted partner in delivering integrated technology support, training, and workforce development solutions.
Mark Clifton, President of Spathe Systems, commented, “As two market leaders coming together, we’re expanding what’s possible to empower the next generation of defense professionals in support of the Special Operations Forces mission.”
As part of the merger, Mark Clifton, President of Spathe Systems, will join the Board of Directors of the combined company, while Aaron Herbst, Chief Executive Officer of Spathe Systems, will serve as a formal advisor. Both will continue to provide strategic guidance and support. Adam Herbst, current Chief Operating Officer of Spathe, along with other members of Spathe’s leadership team, will remain in their roles to ensure continuity across operations and customer engagements.
With more than 400 professionals supporting operations worldwide, the unified platform strengthens its ability to serve defense, intelligence, and national security customers.
Raymond James served as financial advisor to McNally Capital. Ropes & Gray LLP served as legal counsel to McNally Capital, and Venable LLP provided government contracting counsel. Evergreen Advisors acted as the seller’s financial advisor, and Foley & Lardner LLP served as legal counsel to the seller.
About Evergreen Advisors Capital
Evergreen Advisors Capital, LLC is a leading investment banking and corporate advisory firm focused on assisting emerging growth and middle-market companies in the areas of corporate finance, growth and exit strategies, valuations, and advisory services.
About McNally Capital
McNally Capital is a private equity firm based in Chicago, Illinois. The firm is currently investing out of its committed buyout fund, McNally Capital Fund III, LP.
The Firm seeks thesis-driven buyout investments in the lower middle market across two primary industries: Aerospace & Defense and Industrial Technology & Services. McNally Capital seeks to apply its hands-on experience, institutional capabilities, and proprietary value creation framework to its portfolio companies to benefit management teams in their next phase of growth and build value for McNally Capital’s investors.
Ward McNally, Co-CEO & Managing Partner, founded the firm in 2008. He is a sixth-generation member of the McNally family, which proudly owned and operated Rand McNally & Company for nearly 150 years until its sale in 1997. We believe these roots provide a deep appreciation of building and scaling companies that shape industries and endure for generations.
About Quiet Professionals
Quiet Professionals LLC is a veteran-founded defense and technology company specializing in intelligence, advanced analytics, cybersecurity, and mission support for U.S. government agencies. With roots in the Special Operations Forces (SOF), Quiet Professionals provides highly specialized expertise in counter-threat intelligence, geospatial analysis, cloud integration, and secure technology and operational support to address today’s most complex national security challenges with precision and speed.
About Spathe Systems
Spathe Systems is a mission-driven, technology-enabled business delivering advanced solutions in Cybersecurity, Cloud Computing, DevSecOps, systems engineering, and mission support for clients across the defense, intelligence, and commercial sectors.
Securities transactions conducted through Evergreen Advisors Capital/Member FINRA/SIPC
