Investor profile

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Mason Wells, Inc.

PE

USEnterpriseConsumerMarketplacesOther

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Investment thesis

Mason Wells is a Milwaukee-based, Midwest-focused private equity firm that partners with founders, families, and management teams of primarily Midwestern U.S.-based businesses generating revenue of $25–$300 million and EBITDA of $5–$30 million. The firm pursues control-oriented buyouts across four targeted industry sectors: Outsourced Business Services, Consumer Packaged Goods, Engineered Products & Services, and Packaging Materials & Converting. Mason Wells employs a people-first, thematic approach to private equity, building enduring partnerships by immersing itself in targeted industry sectors and regional business communities. Through its proven Value Creation System, the firm drives growth and operational improvements at portfolio companies while preserving company legacy and culture. Since 1998, Mason Wells has raised approximately $2.4 billion across five independent buyout funds, with its current vehicle—Mason Wells Buyout Fund V—sized at $767 million.

Notable quotes

We are pleased to have supported the RJW team as they built an industry-leading company and look forward to continuing as a minority investor in the Company's exciting next growth phase.

Kevin Kenealey · Mason Wells Newsletter 2025 – Volume 1, masonwells.com · 2025-06-17

Mason Wells is known for its steady investment approach, focus on operational fundamentals, and commitment to supporting management teams in building durable, well-positioned businesses.

unknown · RCP Advisors Names Mason Wells 2025 Manager of the Year, rcpadvisors.com · 2025-01-01

Team

Tom Smith

Chairman

ConsumerEnterpriseOther

Jay Radtke

Executive Managing Director

ConsumerEnterpriseOther

Kevin Kenealey

Senior Managing Director

MarketplacesOther

Greg Myers

Senior Managing Director

ConsumerOther

Ben Holbrook

Senior Managing Director

ConsumerEnterprise

Chris Pummill

Managing Director

Other

Recent investments

CompanyRoundSizeDate
Calvary IndustriesBuyout2022-01-01
Accord Carton Co.Buyout2023-07-22
Keystone Experts + Engineers, LLCGrowth Equity2024-03-04
RJW Logistics Group, Inc.Buyout2019-01-01
Buffalo Games, LLCBuyout2018-01-01
King Juice Company, Inc. (Calypso)Buyout2021-01-01
Armis Durable LabelsBuyout2022-01-01
MGS Mfg. Group, Inc.Buyout2017-01-01
A&R Logistics, Inc.Buyout2013-01-01
SWAT Group, Inc.Buyout2020-01-01

Frequent co-investors

VC firmDeals together
Berkshire Partners1
RCP Advisors1

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