September 18, 2023

Northstar Capital Invests in Accord Carton, LLC

MINNEAPOLIS, MN — Northstar Capital (“Northstar”), a provider of junior capital for middle market private equity transactions, is pleased to announce its investment in Accord Carton, LLC (“Accord”), a portfolio company of Mason Wells.

Founded in 1940, Accord is a designer and manufacturer of custom folding cartons for private label and branded consumer goods, primarily focused on food and beverage end markets. Headquartered in Alsip, IL, the Company is uniquely positioned to serve global and regional consumer packaged goods companies by offering large format production capabilities coupled with industry-leading responsiveness, speed, and flexibility. For more information on Accord, please visit

Northstar provided debt and an equity co-investment to help Mason Wells finance the transaction. The Northstar team remains committed to partnering with experienced management teams and private equity sponsors to help good companies become even better. Accord Carton is the fourth platform investment in Northstar Mezzanine Partners VIII LP.

About Northstar Capital

Northstar Capital is an investment management company with offices in Minneapolis, Minnesota and Fargo, North Dakota. Northstar specializes in junior capital investments and equity co-investments in middle-market companies. Since inception, Northstar has partnered with more than 160 companies and raised nearly $2 billion in capital. Northstar invests in a diverse range of industries, including healthcare, industrials, consumer, business services, food and agriculture, outsourcing, and distribution. For more information, please visit

About Mason Wells

Mason Wells is a Milwaukee-based private equity firm that has raised $2.4 billion in aggregate across five independent buyout funds. The firm is currently investing out of Mason Wells Buyout Fund V, a $767 million fund. Since Mason Wells was formed in 1998, its buyout funds have invested in four specific industry sectors: Consumer Packaged Goods, Outsourced Business Services, Engineered Products & Services, and Packaging Materials & Converting. For more information, please visit


Dan Kleineman                           Matt Lilledahl                                        Colin Moroney

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