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Enbi Group Acquires Pierce Industries to Expand Industry Capabilities
Wednesday 26 June 2019

26 June 2019 - Indiana, US-based Enbi Group, a manufacturer of high-performance precision rollers, insulation, gaskets and sealing technologies, has acquired New York, US-based industrial roller manufacturer Pierce Industries to expand capabilities to Enbi's customer base, the company said.
Enbi Group is a portfolio company of Massachusetts, US-based private investment firm Watermill Group.
Terms of the transaction were not disclosed.
The acquisition positions the combined organisation for strategic growth across all its end markets including digital printing, packaging, ATMs and cash handling systems, HVAC (heating, ventilation, air conditioning), aerospace, transportation and other tight-tolerance industries.
Enbi's manufacturing presence spans the US, Europe and Asia.
Linking this global footprint with Pierce's capabilities will enable the combined organisation to bring a wider set of innovative solutions to customers around the world.
Enbi Group is a manufacturer of high-performance precision rollers, insulation, gaskets and sealing technologies. Enbi serves OEMs in digital printing, ATMs and cash handling systems, HVAC (heating, ventilation, air conditioning) as well as other industries in which exacting precision and quality are critical to end-product performance.
The company serves a worldwide customer base from its headquarters in Shelbyville, Indiana as well as manufacturing facilities in the US, Europe and Asia. To learn more, visit
Pierce Industries  specialises in remanufacturing and assembly, advanced welding, CNC machining, cylindrical roll forming and coating applications.
The company provides custom products and services to a wide range of end markets, including digital printing, packaging, glass equipment, mining, laminating, converting, aerospace, transportation, and ATMs, cash handling and mail sorting systems.
The Watermill Group is a private investment firm that helps companies achieve their full potential through strategic transformation. For more than four decades, Watermill has been acquiring, operating and improving companies.
For Watermill, Grant Thornton provided tax due diligence, K and L Gates and Blais, Halpert, Lieberman and Greene provided legal counsel and Partners Environmental Consulting, Inc. provided environmental due diligence. M-One Advisory, LLC advised Enbi and Nixon Peabody LLP provided legal counsel.
Date Published: 26/06/2019
Target: Pierce Industries
Country: USA
Sector: Machinery/Engineering
Type: Corporate acquisition
Status: Closed
Buyer: Enbi Group
Buyer Advisor: Grant Thornton , K and L Gates , Blais, Halpert, Lieberman and Greene , M-One Advisory, Nixon Peabody
Terms of the deal were not disclosed