Mno-Bmadsen acquires Enmark Tool & Gage

Investment firm continues to build its manufacturing portfolio

Mno Bmadsen, the non-gaming investment arm of the Pokagon Band of Potawatomi Indians, has acquired a majority stake in Enmark Tool & Gage. The deal closed on February 1.

Enmark is a leading provider of precision machining services focused on large, highly-complex parts and components for an array of sectors. The company serves blue chip customers in the aerospace, automotive, defense and machine tool industries worldwide.

“Enmark’s expertise in precision machining of large, high-geometric dimensioning and tolerance components and assemblies fit seamlessly into our manufacturing portfolio known as Mno-DREK,” says Dave Razzano, chief executive officer of the group. “Enmark makes both new and replacement parts, as well as refurbishes and rebuilds entire sub-assemblies, 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 the Fraser, Michigan headquarters. Gary and John 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,” says Gary Enmark, president of Enmark. “We are honored to partner with Mno-Bmadsen as Enmark joins the family of companies and takes its 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, continuity 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,” says Troy Clay, Mno-Bmadsen president and chief executive officer. “As a tribally-owned business, Enmark, like all 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 Mno-Bmadsen that other bidding companies cannot offer.”

Mno-Bmadsen is the non-gaming investment arm of the Pokagon Band of Potawatomi Indians. This independently managed instrumentality was launched in 2012 with the mandate to diversify the Tribe’s business interests, revenue streams and wealth for future generations. Headquartered in Dowagiac, Michigan, Mno-Bmadsen’s key strategic investment goals are to buy, hold, and grow its portfolios, which currently are services, manufacturing, and real estate.

Mno-DREK is a leading manufacturing holding company in the Midwestern United States. Founded in 2017 through the partnership between Mno-Bmadsen and DREK Holdlings, Mno-DREK’s portfolio is comprised of Michiana Global Mold, Accu-Mold, and Enmark Tool & Gage. The company is based in Mishawaka, IN.