Mason Wells, one of the Midwest’s leading private equity firms, announced the successful closing of Mason Wells Buyout Fund V with commitments from limited partners of $725 million.
The fundraising effort for Fund V, was launched in February 2020, targeting total commitments of $650 million from institutional investors. In addition to the commitments from institutional investors, Mason Wells raised an additional $42 million from individual investors, including the general partner, bringing the total capital available to invest to $767 million.
Similar to prior Mason Wells Funds, Fund V will focus on acquiring companies that operate in four industry sectors: Outsourced Business Services, Consumer Packaged Goods, Engineered Products & Services and Packaging Materials & Converting.
Mason Wells will continue to utilize a disciplined, control-oriented investment strategy focused on companies generally headquartered in the Midwest region of the United States, and competing in the lower middle market. Through a proven Value Creation System, Mason Wells seeks to drive growth and improvements in operating and financial performance at portfolio companies.
Mason Wells anticipates making between 10 and 15 new platform investments with Fund V over the next five to six years. Most of the platform companies targeted by Mason Wells have revenues between $25 and $300 million, and EBITDA of $5 to $30 million.
Additionally, smaller tuck-in acquisitions are sought to add to existing portfolio companies. Quarles & Brady LLP provided legal services and Forum Capital Securities, L.L.C. served as placement agent to Mason Wells for the fundraise.