M&A Deal Summary

Mason Wells and Northstar Capital Acquire Accord

On September 18, 2023, private equity firm Mason Wells and mezzanine finance firm Northstar Capital acquired packaging company Accord

Acquisition Highlights
  • This is Mason Wells’ 11th and Northstar Capital’s 4th transaction in the Packaging sector.
  • This is Mason Wells’ 39th and Northstar Capital’s 112th transaction in the United States.
  • This is Mason Wells’ 6th and Northstar Capital’s 11th transaction in Illinois.

M&A Deal Summary

Date 2023-09-18
Target Accord
Sector Packaging
Buyer(s) Mason Wells
Northstar Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Accord

Alsip, Illinois, United States
Accord designs and manufactures custom folding cartons for private label and branded consumer goods, primarily serving food and beverage end markets. Food and beverage applications include dry foods, frozen foods, and can and bottle wraps and baskets for beer, seltzer, cocktail, energy drink, and other specialty beverage items. Accord serves global and regional consumer packaged goods companies throughout North America. Accord was founded in 1940 and is based in Alsip, Illinois.

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Buyer(S) 2

Buyer

Mason Wells

Milwaukee, Wisconsin, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Mason Wells is a private equity firm focused on middle-market buyout opportunities in the Midwest US. Mason Wells looks to invest in businesses operating in engineered products and services, outsourced business services, and specialty packaging. Target companies typically generate revenue of $25 to $300 million and EBITDA of at least $5 million. The Firm prefers businesses with high barriers to entry, limited customer concentration, and strong market positions. Mason Wells was originally formed 1982 as a subsidiary of Marshall & Ilsley Corporation and became an independent firm in 1998. Mason Wells is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 39 of 40
Sector: Packaging M&A 11 of 11
Type: Buyout (LBO, MBO, MBI) M&A Deals 27 of 27
State: Illinois M&A 6 of 6
Country: United States M&A 39 of 40
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-13 EastPoint Sports

Succasunna, New Jersey, United States

EastPoint Sports designs, sources, and distributes indoor and outdoor home recreational products through mass retail and e-commerce channels. The EastPoint Sports family of brands includes Go! Gater, Majik, Rec-Tek, Classic Sport, Narwhal, NHL, HEAD, PENN, Kan Jam, and Pro-Line Tailgating. EastPoint Sports was founded in 2009 and is based in Succasunna, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-04 Keystone

Castle Rock, Colorado, United States

Keystone is a provider of forensic engineering and consulting services for insurance carriers, third-party administrators, law firms, and commercial clients. Keystone is based in Castle Rock, Colorado.

Buy -
Buyer

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 117 of 121
Sector: Packaging M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 44 of 45
State: Illinois M&A 11 of 11
Country: United States M&A 112 of 116
Year: 2023 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Corporate Technologies

Minneapolis, Minnesota, United States

Corporate Technologies is a provider of managed IT solutions for businesses and institutions in Minnesota, North Dakota, Idaho, Southern California, West Michigan, and New Jersey. Corporate Technologies was founded in 1981 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-22 Avidity Science

Waterford, Wisconsin, United States

Avidity Science is a designer and manufacturer of automated watering and monitoring solutions for the animal and laboratory research markets. Avidity Science was established in 1969 and is based in Waterford, Wisconsin.

Sell $195M