Mason Wells has announced that effective immediately Thomas Smith will assume the role of executive managing director. Mr. Smith replaces John Byrnes, who has held the position since the inception of the firm in 1998. These changes are part of a management succession plan that has been evolving over the last few years and will continue as current portfolio investments are liquidated and new investment funds are formed.
As executive managing director, Mr. Smith will be responsible for day-to-day investment activities of the funds under management by Mason Wells, including the management of new investment activities and the oversight of portfolio development efforts.
Mr. Byrnes will continue as executive chairman of the board and president of the firm, where he will focus on long-term strategy and personnel development. He will continue to serve on the investment committee and actively manage several of the portfolio investments now held by the funds, but will no longer be initiating new investments on behalf of the firm.
Mason Wells makes investments in Midwest-based companies with $25 million to $300 million in revenues and EBITDAs of at least $5 million. Sectors of interest include consumer packaged goods, packaging materials & converting, engineered products & services and outsourced business services. The firm was founded in 1982 and is based in Milwaukee (www.masonwells.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-7-13
