$430,000,000 | Structural Concepts (logo), a portfolio company of Mason Wells (logo), has agreed to be acquired by Hoshizaki (logo) | Pending

William Blair acted as exclusive financial advisor to Structural Concepts Corporation (SCC), a portfolio company of Mason Wells, Inc. (Mason Wells), in connection with its pending sale to Hoshizaki USA Holdings, Inc. (Hoshizaki). The transaction signed on June 12, 2025.

About the Companies

Based in Muskegon, Michigan, SCC is a leading designer and manufacturer of temperature-controlled food and beverage display cases for foodservice establishments (e.g., convenience stores, coffee shops and quick-service restaurants, hospitality, etc.) and supermarkets with a focus on perishables and prepared food. SCC has a 53-year history of delivering innovative, highly engineered solutions for its customers.

Mason Wells is a leading Midwest-based private equity firm that has raised $2.4 billion in aggregate across five independent buyout funds. Since the firm was formed in 1998, its buyout funds have invested in four specific industry sectors: consumer packaged goods, outsourced business services, engineered products and services, and packaging materials and converting. Mason Wells leverages the expertise of seasoned team members and the discipline of their rigorous investment approach to create value for their portfolio companies and investors.

Hoshizaki, a member of the Hoshizaki Corporation, is a leader in the design, manufacturing, and marketing of a wide range of products for the foodservice industry, including ice machines, refrigerators, freezers, prep tables, display cases, and dispensers. With headquarters in Peachtree City, Georgia and a second manufacturing facility in Griffin, Georgia, Hoshizaki employs over 900 people nationwide.

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