# Mason Wells

Mason Wells is a Private Equity based in Milwaukee, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Milwaukee, United States
- **Region:** North America
- **Address:** 411 E. Wisconsin Ave., Suite 1280, Milwaukee, WI 53202, United States
- **Founded:** 1998
- **Assets under management:** Undisclosed
- **Website:** masonwells.com
- **LinkedIn:** https://www.linkedin.com/company/mason-wells-inc

## Regulatory record

- **CRD number:** 173069
- **SEC file number:** 801-80473
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/173069

## About

Mason Wells is a Milwaukee-based private equity firm that has raised $2.4 billion in aggregate across five independent buyout funds. It partners with the founders, families, and managers of primarily Midwestern US-based businesses. The firm is an experienced and active private equity investor in companies primarily headquartered in the Midwestern U.S. that generate revenue from $25 million to $300 million, and is currently investing through Mason Wells Buyout Fund V.

## Sectors

- Industrial Tech
- Healthcare Services

## People

- Tom Smith — Chairman
- Jay Radtke — Executive Managing Director
- Jim Domach — Chief Financial Officer
- Greg Myers — Senior Managing Director
- Kevin Kenealey — Senior Managing Director
- Ben Holbrook — Senior Managing Director
- Chris Markgraf — Managing Director
- Chris Pummill — Managing Director
- Damon Thome — Managing Director
- Michael Graves — Director
- Dan Shanahan — Director
- Jacob Simons — Vice President
- Tyler Reinecke — Vice President
- Sam Hunter — Senior Associate
- Brady Walsh — Director of Business Development
- Jeff Davidson — Managing Director of Research

## Questions

### How does Mason Wells source its deal flow?

Mason Wells relies on a multi-decade network within the Midwestern industrial and healthcare services sectors, built by its six senior partners who have all been at the firm for over 20 years. The firm targets founder and family-led businesses through relationship-driven origination rather than broad auction processes. Its concentrated geographic focus on the Upper Midwest reinforces sourcing depth in a region with dense, privately held manufacturing and healthcare enterprises.

### What investment structures does Mason Wells typically use?

The firm executes control-oriented buyouts, including management buyouts, corporate divestitures, public-to-private transactions, and succession-driven recapitalizations. Its primary vehicle is a series of independent buyout funds, with Fund V currently active. Mason Wells also pursues add-on acquisitions for existing portfolio companies, as demonstrated by MGS's acquisition of Knudsen Plast A/S in Europe.

### How is the investment team at Mason Wells structured?

Mason Wells operates through an apprenticeship model in which all six senior leaders joined the firm early in their careers and advanced through internal mentorship. No senior partners have been hired laterally. The team works exclusively from the firm's Milwaukee headquarters, a structure intended to produce uniform decision-making and long-term relationship continuity with portfolio company founders.

### Which sectors does Mason Wells target, and which does it avoid?

The firm concentrates on industrial technology and manufacturing, as well as healthcare services. Within industrials, it has backed logistics, durable labeling, and medical injection molding companies. Healthcare packaging is another demonstrated vertical. Mason Wells does not publicly disclose excluded sectors, but its Midwest buyout focus and fund size limit exposure to capital-intensive infrastructure, natural resources, and pure-play technology.

## Related profiles

- [Mason Stevens](https://altss.com/profile/mason-stevens)
- [Massachusetts Capital Resource Company](https://altss.com/profile/massachusetts-capital-resource-company)

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Last updated: 2026-08-11T15:07:26.757Z

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