Firm at a glance
Mason Wells is a platform private equity firm founded in 1998 and headquartered in Milwaukee, WI, per its own website [S1].
What they buy
Mason Wells has reportedly raised approximately $2.4 billion in aggregate capital across five independent buyout funds as of April 2026 [S1]. The firm’s most recent fund vintage dates to 2020 [S2]. Based on publicly disclosed transactions over the trailing 24 months, the firm has demonstrated activity across industrial manufacturing and logistics sectors, including acquisitions and exits in specialty equipment and transportation services [S2].
Portfolio
No current portfolio companies were surfaced in publicly available materials as of the research date. Recent transaction activity indicates the firm has held positions in industrial manufacturing businesses (Calvary Industries, Structural Concepts, L.B. White) and logistics services (RJW Logistics Group, Trebnick Systems) [S2].
Recent activity (last 24 months)
– **August 2025**: Acquired Calvary Industries [S2]
– **August 2025**: Exited Structural Concepts [S2]
– **May 2025**: Exited L.B. White [S2]
– **January 2025**: Completed add-on acquisition of Trebnick Systems [S2]
– **December 2024**: Exited RJW Logistics Group [S2]
How this firm fits a seller
Mason Wells appears to maintain an active buy-and-build strategy, completing at least two add-on acquisitions in the trailing 12 months per public records [S2]. The firm has demonstrated a willingness to exit portfolio companies, with three reported exits in the past 24 months, suggesting defined hold periods and realization discipline [S2]. For owner-operators in industrial manufacturing or logistics sectors seeking a Midwest-based partner with multi-decade investment experience, Mason Wells represents a potential fit based on observed transaction patterns. The firm’s Milwaukee headquarters may appeal to sellers prioritizing regional proximity or familiarity with Great Lakes industrial markets [S1].
Sources
[S1] https://www.masonwells.com (as of 2026-04-20)
[S2] https://www.masonwells.com/news/ (as of 2026-04-20)
Frequently asked questions
Does Mason Wells buy industrial manufacturing businesses?
Based on publicly disclosed transactions, Mason Wells has demonstrated activity in industrial manufacturing sectors. The firm acquired Calvary Industries in August 2025 and previously held positions in Structural Concepts and L.B. White, both of which were exited in 2025 [S2]. This pattern suggests ongoing interest in the sector, though specific investment criteria are not publicly detailed.
What companies has Mason Wells acquired recently?
Mason Wells completed the acquisition of Calvary Industries in August 2025 and an add-on acquisition of Trebnick Systems in January 2025 [S2]. The firm also exited three portfolio companies during this period, including Structural Concepts, L.B. White, and RJW Logistics Group [S2].
Where is Mason Wells based and how big is the firm?
Mason Wells is based in Milwaukee, WI, and has reportedly raised approximately $2.4 billion in aggregate capital across five independent buyout funds as of April 2026 [S1]. The firm was founded in 1998 and operates from its Milwaukee headquarters [S1].
Is Mason Wells still actively acquiring?
Yes, Mason Wells appears to remain active. The firm completed its most recent platform acquisition (Calvary Industries) in August 2025 and an add-on transaction (Trebnick Systems) in January 2025 [S2]. This recent transaction activity suggests ongoing deployment from the firm’s 2020 vintage fund [S2].
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.