Mason Wells, a Midwest-focused PE firm, has acquired transportation and logistics company A&R Logistics from FdG Associates. Based out of Morris, IL, A&R provides dry bulk transportation, packaging, distribution and logistics solutions, including over-the-road transportation, transloading, packaging and warehousing, to companies in the chemical and plastic industries. Industry executives Mark Holden and Rich Mitchell joined the firm in the deal. Milwaukee-based Mason Wells invests in the Outsourced Business Services, Consumer Packaged Goods, Packaging Materials & Converting, and the Engineered Products & Services industries.