Mason Wells Acquires Advanced Web Technologies

Mason Wells Acquires Advanced Web Technologies

awt nf1Mason Wells has acquired Advanced Web Technologies. The current management team and a group of co-investors partnered with Mason Wells on this transaction.

Web Technologies (DBA AWT Labels & Packaging) is a narrow and wide-web converter of labels and flexible packaging for the healthcare, food and beverage, personal care, household, specialty and industrial/OEM markets.  Converting capabilities include pressure sensitive and digital labels, laminating multi-layer film structures, shrink sleeves and extended content labels.  The company is led by Jim Lundquist as its President and CEO, and has facilities in Minneapolis and South Elgin, IL (

Jay Radtke nf1Mason Wells intends to support AWT’s growth initiatives and will be investing in new and upgraded capacity to support the company’s growth plans.  “Mason Wells is pleased to be partnering with AWT’s management team to support the company’s growth initiatives,” said Jay Radtke, managing director of Mason Wells. “AWT has a 35 year history of providing high quality, technically challenging labels, particularly in the healthcare segment. We believe the company provides an excellent platform for growth and is well positioned to capitalize on a number of market and new product opportunities.”

Mason Wells makes investments in Midwest-based companies with revenues of $25 million to $300 million and EBITDAs of at least $5 million. Sectors of interest include consumer packaged goods, packaging materials & converting, outsourced business services, and engineered products & services.  The firm is currently investing through Mason Wells Buyout Fund III, a $525 million fund.  Mason Wells was founded in 1982 and is based in Milwaukee (

Mason has been an active investor of late. Last month the firm made an investment in Cincinnati-based CE Power Solutions, a provider of engineering, testing, and maintenance services to utility power plants, alternative energy facilities, transmission & distribution substations, industrial facilities, and institutional facilities (

© 2015 PEPD • Private Equity’s Leading News Magazine • 6-22-15

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