Norberg-IES LLC
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Norberg-IES LLC - overview
Established
1969
Location
Tulsa, OK, US
Primary Industry
Electronics
About
Norberg-IES LLC specializes in manufacturing and supplying electrical controls and enclosures for hazardous environments, alongside high-voltage fuses, serving various industries with a commitment to safety and compliance. Founded in 1969 and headquartered in Tulsa, US, Norberg-IES LLC is focused on providing electrical solutions tailored for hazardous environments. In November 2021, the company was acquired by EIS Inc. , a portfolio company of Audax Group, enhancing their product offerings in the power generation market.
The founder's background details are not publicly available, and there are no mentions of prior companies founded by them. Norberg-IES offers a diverse range of products and services primarily through its two brands, Nema7 and Powerfuse. com. The Nema7 brand specializes in the fabrication and supply of controls and enclosures designed for hazardous location environments, ensuring compliance with stringent safety standards.
These enclosures serve industries such as oil and gas, chemical processing, and manufacturing, providing reliable protection for electrical equipment in challenging settings. Powerfuse. com is dedicated to high-voltage fuses, catering to clients in utility, industrial, and commercial sectors. The combination of extensive in-stock inventory and quick-turn customization capabilities positions Norberg-IES as a comprehensive solutions provider in the electrical industry, operating across North America, Europe, and select regions in Asia.
Norberg-IES generates revenue through a structured B2B transaction model, primarily selling its products to wholesalers, distributors, and direct end-users in multiple industries. Revenue streams are bolstered by flagship products such as Nema7 enclosures and Powerfuse high-voltage fuses, crucial for electrical safety and efficiency. Transactions typically involve bulk orders, and clients often engage in partnerships for ongoing supply agreements, ensuring timely delivery and consistent product availability. The pricing structure accommodates different market segments, providing competitive rates for large-volume purchases while meeting custom requirements, fostering loyalty and repeat business.
Following the acquisition by EIS Inc. in November 2021, Norberg-IES is set to expand its product offerings in the power generation market. The company is reportedly focusing on designed new products that align with the engineered solutions offered by EIS Inc. While specific upcoming product releases and exact dates are not disclosed, the acquisition's rationale suggests that the integration will support growth in new geographic regions and market segments.
The strategic expansion efforts aim to leverage the strengths of EIS Inc. to enhance Norberg-IES's position in the electrical industry.
Current Investors
EIS, Legacy LLC
Primary Industry
Electronics
Sub Industries
Power Generation Equipment & Services, Electronic Coils & Transformers, Electronic Components
Website
www.fusesandcontrol.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Norberg-IES LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Norberg-IES LLC | - |
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