Mason Wells acquires MGS Mfg. Group

Founder sells Germantown plastics manufacturing supplier

Germantown-based manufacturing solutions company MGS Mfg. Group Inc. today was acquired by Milwaukee-based private equity firm Mason Wells.

MGS makes injection molded plastic components, tooling and equipment used by original equipment manufacturers in the health care, electronics, automotive and consumer end markets worldwide. Its components allow automation in the manufacturing of high precision technical plastic products.

Among MGS Mfg.’s customers are leading medical device and pharmaceutical companies that use its components in Class 7 and 8 ISO certified cleanrooms. MGS’ services include engineering design-for-manufacture, mold-making, sampling and development, injection molding, value-added contract manufacturing

The company, which has about 1,450 employees, was founded in 1982 and has 12 locations in Wisconsin, Illinois, New York, Mexico and Ireland. About 580 employees are in the Milwaukee area, at locations in Germantown, Menomonee Falls and Oak Creek. MGS, which has about $208 million in gross revenue, was sold by founder Mark Sellers.

“This acquisition will provide long-term growth opportunities for our company, our employees and our customers,” said Jeff Kolbow, chief executive officer of MGS. “In Mason Wells, we have a strong partner providing the support to expand our capabilities and footprint, meeting needs of our global customer base.”

Mason Wells has about $1 billion in assets under management and is currently investing out of Buyout Fund IV, which is $615 million. It focuses on outsourced business services, consumer packaged goods, engineered products & services and packaged materials & converting. None of its portfolio companies will be combined with MGS.

“The acquisition of MGS is a strategic move that will provide long-term advantages to the company, its employees and its customers,” said Greg Myers, senior managing director of Mason Wells. “We are impressed with the strong portfolio of business that MGS has developed and feel that Mason Wells will provide the necessary funding and direction to accelerate growth and supply a greater range of service locations for MGS clients.”

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Molly Dill, former BizTimes Milwaukee managing editor.

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