Stout Advises Enmark Tool & Gage on Sale to Mno-DREK
Stout announced today that its client, Enmark Tool & Gage Company (“Enmark”) has been acquired by Mno-DREK, LLC, a privately held machining company based in Indiana. Stout served as exclusive financial advisor to Enmark in connection with this transaction.
Enmark, established in 1951 and located in Fraser, MI, is a leading provider of precision machining services focused on large, highly complex parts and components for a variety of sectors, including aerospace, automotive, defense, and machine tool.
Gary Enmark, President of Enmark, said, “We made significant investments over the past several years to drive expansion and progress with existing and new accounts. We’re honored to join the Mno-DREK family of companies to pursue our next stage of growth and evolution.”
“The vision and leadership of Gary and John Enmark drove this transaction,” said Mike Benson, Managing Director at Stout. “They successfully led the growth of new capabilities and expansion into new markets, while maintaining Enmark’s reputation for providing high-quality components and customer service. This winning combination of capabilities and reputation set Enmark apart.”
“We tapped Stout’s deep metals expertise and industry relationships in order to identify the ideal partner for Enmark in Mno-DREK,” added Christopher Merley, Director at Stout.
Stout’s Investment Banking group provides mergers and acquisitions (M&A) advice, private capital raising, and other financial advisory services for private equity portfolio companies, closely held or family-owned businesses, and divisions of large corporate parents.
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