EIS, LLC Announces Acquisition of Norberg-IES
Atlanta, GA— November 3rd, 2021
EIS Legacy, LLC (“EIS”), today announced the acquisition of Norberg-IES, an Oklahoma-based provider of high-voltage fuses and NEMA enclosures from Argonaut Private Equity, a Tulsa-based private equity firm. This is the third acquisition of EIS under the ownership of Audax Private Equity, deepening the company’s connection to the power generation market and broadening its current engineered solutions product offering.
Founded in 1946, EIS is a leading value-added distributor of material and supply chain solutions that supports critical infrastructure including power generation, renewable energy, and electric vehicle charging. EIS’s team of technical experts utilize insulating, conductive and other key process materials to solve the toughest challenges facing the electrical and electronic industries today.
Norberg-IES (“Norberg”) was founded in 1969 and is currently led by President William Drotar. Norberg specializes in hazardous location controls and enclosures, and medium and high voltage specialty fuses for the industrial and energy markets. Their deep ties to industry leaders have been built from a foundational commitment to service and in-house technical expertise.
“Norberg is a tremendous addition to our growing team,” shared EIS CEO, Glenn Pennycook. “This expansion of our engineered solutions will be of great benefit to our broad customer base. The product lines and capabilities that Norberg provides are an incredible complement to our existing offerings.”
“Norberg has always focused on providing the best service in the industry, so working with a company like EIS makes perfect sense,” added Bill Drotar. “They share our dedication and commitment to our customers. We’re excited to see how our companies can grow together.”