Mno-Bmadsen Acquires Enmark Tool & Gage, Builds Manufacturing Portfolio

Another significant acquisition for Mno-Bmadsen—the non-gaming investment arm of the Pokagon Band of Potawatomi Indians. The Dowagiac, MIchigan-based investment firm has acquired a majority stake in Enmark Tool & Gage, headquartered in Fraser, Michigan. The deal closed on February 1, 2019. Terms of the transaction were not disclosed.

Enmark is a leading provider of precision machining services focused on highly complex parts and components for an array of sectors, including the aerospace and automotive industries, as well as the defense and machine tooling sectors. The company’s blue-chip clients include the likes of Caterpillar, Park-Ohio Holdings, Corp., Timken Co. and others.

Troy Clay,President & CEO at Mno-Bmadsen, noted:

“The addition of Enmark to our manufacturing portfolio is another step in our strategy to develop a family of great companies that provide diversified revenue streams for the future generations of Pokagon citizens. This continuing success is a team effort led by our Board of Directors with the ongoing support of the Pokagon Tribal leadership.”

Meanwhile, Julio Martinez, the Chief Financial Officer for Mno-Bmadsen, says “The execution of our targeted investment strategy and plan has resulted in this acquisition which diversifies our overall portfolio by building significant additional capacity within our manufacturing group. This investment validates our very disciplined approach and will provide significant portfolio stability, returns and growth.”

Dave Razzano, President, and Eric Karaman, Chief Operating Officer, oversee Mno-Bmadsen’ manufacturing portfolio—or Mno-DREK. Razzano comments:

“Enmark’s expertise in precision machining of large, high-geometric dimensioning and tolerancing components and assemblies fit seamlessly into our manufacturing portfolio known as Mno-DREK. Enmark makes both new and replacement parts, as well as refurbishes and rebuilds entire subassemblies, thus enabling the company to service all of the components through the entire lifecycle of the end product.”

Enmark is a third-generation family-owned business that was founded in 1951. Today, operations of the company are executed by brothers Gary and John Enmark out of their Fraser, Michigan, headquarters. The Enmark brothers took over the business in the early 1970s and have overseen significant expansion since then, including a dramatic transition to larger, value-added machined components from gages and fixtures, and completing the facility expansion that boasts a climate-controlled 44,000-square foot factory poised to manage further growth.

“The investments we have completed during the last several years have positioned Enmark for continued progress with both existing accounts and new accounts,” Gary Enmark says. “We are honored to partner with Mno-Bmadsen as Enmark joins the family of companies and takes the next step in its evolution.”

Plans for Enmark include Gary and John continuing to operate the company for the next three years, ensuring business-as-usual, steadiness and a seamless transition when Mno-Bmadsen takes over day-to-day management of the company through Mno-DREK.

“Our investment in Enmark further expands our fast-growing manufacturing portfolio in a successful and strategically-located business in the Detroit metro area,” Troy Clay says. “As a Tribally-owned business, Enmark, like all of our family of companies, enjoys significant tax advantages in the form of United States government privileges, immunities and rights expressly granted through the Mno-Bmadsen charter. This is a major economic advantage to working with MnoBmadsen that other bidding companies cannot offer.”

RELATED: Seven Generations A+E Celebrates New Headquarters in Kalamazoo (Seven Generations A+E was also founded by Mno-Bmadsen, the independent non-gaming investment arm of the Pokagon Band of Potawatomi Indians.)