P&M Corporate Finance, LLC (“PMCF”) is pleased to announce that it served as the exclusive financial advisor to Structural Concepts Corporation (“SCC” or the “Company”) in its sale to Mason Wells.
Based in Muskegon, Michigan, SCC is a preeminent designer and manufacturer of innovative temperature-controlled merchandising solutions with a dedicated focus on perishables and prepared foods. The Company offers its solutions to customers in foodservice and supermarket sectors.
Mason Wells is an independent private equity fund that focuses on investments in middle market companies headquartered in the Midwest. Mason Wells concentrates its investment efforts in targeted industries where it can leverage experience and relationships to provide portfolio companies with key resources and advice in order to create long-term, sustainable value for all shareholders.
Jay Radtke, Senior Managing Director at Mason Wells, remarked, “SCC is a strong fit with our strategy of investing in family-owned, engineered products companies in the foodservice equipment space. We have a unique set of resources to support the business, including several operating executives with industry experience to support innovation and growth. We are enthusiastic about the opportunity to expand the Company’s market position and continue the winning tradition at SCC.”
President and shareholder of SCC, Dave Geerts, noted, “The shareholders had multiple highly qualified companies that wanted to acquire SCC, and we selected Mason Wells because we felt they would be the best for our future growth and for growing our legacy of providing the market with superior and innovative products and services.”
PMCF served as exclusive investment banker to the shareholders of SCC, managing the entire transaction process. Mr. Geerts added, “We interviewed more than one investment bank and are incredibly pleased we selected PMCF. Their management of the process, knowledge of our business, and ability to secure a transaction outcome that met our objectives was truly impressive.”
The transaction closed in October 2018. Warner Norcross & Judd LLP served as the legal advisor to SCC.