Mason Wells has acquired MGS Mfg. Group, and injection molder and a provider of mold-making engineering services. MGS has annual revenues of approximately $200 million and serves the healthcare, electronics, automotive, consumer and industrial end markets.
MGS’ capabilities include engineering and design; mold making; injection molding; assembly; contract manufacturing; and turnkey manufacturing systems. MGS has both Class 7 and Class 8 ISO certified clean rooms that are used in the making of its products sold to the medical device and pharmaceutical markets. The company was founded by Mark G. Sellers in 1982 and has four operating facilities in the US and one each in Mexico and Ireland. MGS is headquartered northwest of Milwaukee in Germantown, WI (www.mgstech.com).
“This acquisition will provide long-term growth opportunities for our company” said Jeff Kolbow, chief executive officer of MGS. “In Mason Wells, we have a strong partner to invest in and grow the business. We are excited with the opportunity to extend our reach, both in terms of capabilities and geography to better serve our global customer base.”
Mason Wells makes investments in Midwest-based companies with revenues of $25 million to $300 million and EBITDAs of $5 million to $30 million. Sectors of interest include consumer packaged goods; packaging materials and converting; outsourced business services; and engineered products and services. In February 2016, Mason Wells held a final closing of Mason Wells Buyout Fund IV and its related Executive Buyout Fund IV with total commitments of $615 million. Mason Wells was founded in 1982 and is based in Milwaukee (www.masonwells.com).
Greg Myers, senior managing director, led the transaction for Mason Wells.
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 6-3-16