Mason Wells Acquires Structural Concepts Corporation
Milwaukee WI, October 3 2018
For more information, contact: Jay Radtke, Senior Managing Director, 414-727-6405 or Mike Wirth, Director, 414-727-6413
Mason Wells announced today that it has closed on the acquisition of Structural Concepts Corporation (“SCC” or the “Company”). The Company will be owned by Mason Wells, members of current management, and other co-investors.
SCC is a designer and manufacturer of temperature-controlled food and beverage display cases for foodservice establishments and supermarkets. The Company was founded in 1972 by James Doss with the objective of designing, engineering, and manufacturing the highest-performing refrigerated merchandisers. Today, SCC utilizes innovative designs focused on presenting refrigerated food and beverages in aesthetically attractive formats that save energy, preserve food and beverages longer, and minimize operating costs. SCC’s emphasis on innovation, design, quality, vertical integration and superior customer service make it an industry leader. The Company’s headquarters and manufacturing facilities are located in Muskegon, Michigan.
The Company was previously owned by James Doss, his family, and members of the management team. The employees and suppliers of SCC have played an integral role in the Company’s growth and success and will continue to do so in the future.
“This is an exciting time for Structural Concepts. Our employees have built a great business with an enviable track record of growth. Mason Wells will provide Structural Concepts with a seamless ownership transition and with resources to help the company to achieve great things. All current shareholders, including myself, are so excited about Mason Wells’ plans for our future that we have all chosen to reinvest in the business,” said David Geerts, President of SCC.
Since 1998, Mason Wells has invested in numerous Midwest-based, privately-held companies in the engineered products and services industry supporting family ownership transitions.
“SCC is a company we have tracked and admired for a number of years and the Company fits very well with Mason Wells in terms of family ownership, our industry knowledge, and Midwestern headquarters. SCC is a leader in supplying the growing grab ’n’ go, fresh prepared food and beverage refrigerated merchandiser markets. We believe SCC is well-positioned to grow through attractive growth trends, leading product development capabilities, a trusted 45-year-old brand, state-of-the-art manufacturing facilities, and a world-class workforce and management team who we plan to back with additional resources for growth,” said Jay Radtke, Senior Managing Director at Mason Wells.
Based in Muskegon, Michigan, Structural Concepts is a designer and manufacturer of temperature-controlled food and beverage display cases for foodservice establishments and supermarkets with a focus on perishables and prepared food. Structural Concepts is passionate about innovative designs that help customers present food and beverages in a format to promote health and wellness and grab ’n’ go offerings. Structural Concepts applies its deep engineering capabilities to research and develop refrigerated merchandising solutions that work better, last longer, save energy, and minimize operating costs. For more information, please visit the Structural Concepts website at www.structuralconcepts.com.
Mason Wells is a leading Midwest-based private equity firm with approximately $1.0 billion in assets under management across its current private equity funds. Mason Wells is currently investing out of Mason Wells Buyout Fund IV, a $615 million fund. Since Mason Wells was formed in 1998, its buyout funds have invested in four specific industry sectors: Consumer Packaged Goods, Outsourced Business Services, Engineered Products & Services, and Packaging Materials & Converting. For more information related to Mason Wells, please visit the firm’s website at www.masonwells.com.