MINNEAPOLIS , Nov. 27, 2023 /PRNewswire/ -- InCompass™, a platform company of TJM Capital Partners, is pleased to announce the recent strategic acquisition of Newman Machine Company, a recognized leader in woodworking tools.
InCompass™, the company's leading platform for world-class industrial equipment brands, continues to expand its portfolio and welcomes Newman Machine Company to its esteemed family of brands. Newman Machinery has built a strong reputation in the industry for exceptional woodworking machinery and innovative solutions.
Tom McDonough , President of InCompass™ is excited about this acquisition and said, “The acquisition of Newman Machine Company is a perfect fit with our vision of growth and innovation in the woodworking industry. - Class products. Next level solutions for our valued customers. McDonough stressed that the financial details of the deal are confidential.
The acquisition of Newman Machine Company strengthens InCompass™'s global footprint and woodworking capabilities, enabling the company to provide end-to-end solutions for the broader woodworking industries. Micah Coleman, CEO of InCompass™ commented, “At InCompass™, our primary goal is to continuously expand our solutions to support customer growth. Adding Newman Machine Company to our family of brands makes us the partner of choice. All woodworking solutions.
About TJM Capital Partners
Founded in 2008, TJM is a private equity firm that invests in mid-sized and small-cap companies established to achieve superior growth and create shareholder value. TJM has a management team supported by an interesting group of capital sources - family offices, high net worth individuals and a diverse group of first generation (G1) investors - selected from a separate private equity firm. www.tjmcapitalpartners.com
About InCompass™
With locations around the world, InCompass™ provides customers with the time-saving solutions and leading expertise they need to grow their businesses by connecting industry manufacturers with innovative products and systems. InCompass ™ brands have been around for over 500 years and have earned a reputation for individual excellence. Leading brands in this industry include Timesavers, Dubois Equipment Company, Randbright, Bourn & Koch, Mollart Machinery, Clausing Industrial, Pratt Burnerd and Colchester Machine Tool Solutions of the UK. InCompass™ consists of five divisions: Woodworking, Metalworking, Machine Tools, Coatings and Automation. InCompass ™ is more than a machine: it provides solutions for growth. www.manufacturedgrowthsolutions.com
About Newman Machine Company
Newman Machinery is a leading manufacturer of advanced equipment for the wood and forestry industry. With over 180 years of experience, Newman Machine Company manufactures planers, grinders, mills and more. specializes in the design and manufacture of various instruments such as Known for manufacturing machines that meet the needs of small workshops and large industrial enterprises, they offer a wide range of innovative and award-winning solutions for all types of precision applications. www.newmanwhitney.com
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Source Incompass
