DOWAGIAC — 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 Feb. 1. Terms of the transaction were not disclosed.

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

“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,” said Troy Clay, the Mno-Bmadsen president and chief executive officer. “This continuing success is a team effort led by our Board of Directors with the ongoing support of the Pokagon Tribal leadership.”

Julio Martinez, the chief financial officer for Mno-Bmadsen, agreed.

“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,” Martinez said. “This investment validates our very disciplined approach and will provide significant portfolio stability, returns and growth.”

Dave Razzano, the chief executive officer of the group, said that Enmark’s expertise in precision machining of large, high-geometric dimensioning and tolerancing components and assemblies fit seamlessly into their manufacturing portfolio known as Mno-DREK. Razzano runs Mno-DREK equally with Eric Karaman, president and chief operating officer.

“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,” Razzano said.

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,” said Gary Enmark, the president of Enmark. “We are honored to partner with Mno-Bmadsen as Enmark joins the Family of Companies and takes the next step in its evolution.”