Deal Represents Complementary Expansion of Manufacturing Expertise
Dowagiac, Mich. – Mno-Bmadsen, the non-gaming investment arm of the Pokagon Band of Potawatomi Indians, has acquired Walerko Tool and Engineering Corp. through its manufacturing investment vehicle Mno-DREK. The deal closed earlier in March and terms of the transaction were not disclosed.
“The addition of Walerko Tool and Engineering to our manufacturing portfolio greatly expands capacity and creates important synergies with our existing companies that will drive performance, increase margins and fuel future growth,” said Julio Martinez, chief executive officer of Mno-Bmadsen. “With this acquisition, we continue to deliver on our core investment plan as well as deepening our partnership with Mno-DREK.”
Walerko offers a range of services, including CNC machining of castings, weldments, piece parts, prototype parts, fixtures, and gages. The company is registered with ISO9001 and AS9100. Walerko serves manufacturing sectors that include aerospace, military, and nuclear. Clients include Caterpillar, General Electric, Honeywell, and others.
“With the acquisition of Walerko, we have expanded our base of companies dedicated to precision machining services of highly complex parts and components,” said Eric Karaman, president and COO of Mno-DREK. “We look forward to seamlessly integrating the business into our family of companies and capitalizing on the core competencies established by their dedicated team manufacturing specialists.”
Walerko’s capabilities include five-axis machining technology, large milling and turning, and CMM/quality, all of which complement Mno-DREK’s expertise, according to the companies.
“We target technology-rich companies with manufacturing prowess and leverage our business acumen to provide our customers the best value,” said Dave Razzano, chief executive officer of Mno-DREK. “This acquisition puts us in position to synergize our holdings and to provide improved value in the marketplace.”
Walerko Tool & Engineering was established in 1952 as an experimental parts company out of a garage. Since then, the family business has grown to employ 24 people who are operating out of a 62,000 square-foot facility in Elkhart, IN.
Earlier this year, Mno-Bmadsen announced the formation of Bodwé Professional Services, the rebranding of the family of professional services companies. The rebranding of Bodwe also included the creation of a new firm, The Steelhead Engineering Co., and the formation of Blue Star Integrative Studio LLC, an Indigenous American planning and architecture firm in Tulsa, Okla. Bodwé is comprised of Seven Generations Architecture + Engineering and WBK Engineering, existing portfolio companies of Mno-Bmadsen. The firms work independently and collaboratively to support public and private clients nationwide across sectors, including tribal, municipal, federal, healthcare, and community.
Mno-Bmadsen says it expects to have multiple announcements later this year concerning investments in real estate, as it seeks to expand its construction portfolio and continue to organically grow its entire family of companies.
For more information, visit www.Mno-Bmadsen.com