MINNEAPOLIS — InCompass, a platform company of TJM Capital Partners, has acquired Newman Machine Company, a distinguished leader in the woodworking machinery sector.

"The addition of Newman Machine Company perfectly aligns with our vision for growth and innovation in the woodworking sector," said Tom McDonough, Chairman of InCompass. "Newman Machine Company's expertise and reputation complement our commitment to delivering top-tier solutions to our valued customers." McDonough emphasized that the financial details of the transaction will remain confidential."

The acquisition of Newman Machine Company reinforces the InCompass global presence and strengthens its woodworking capabilities, enabling the company to provide comprehensive solutions to an even wider range of lumber millwork industries. InCompass CEO Micah Coleman commented, "At InCompass, our primary focus is to continually expand our suite of solutions to support the growth of our customers. The integration of Newman Machine Company into our family of brands brings us closer to becoming the preferred partner for comprehensive woodworking solutions."

With over 180 years of expertise, Newman Machine Company specializes in designing and engineering a wide range of equipment, such as planers, grinders, sanders, and more. Known for manufacturing machinery to meet the needs of both small workshops and large-scale industrial operations, they offer a wide range of award-winning, innovative solutions for all types of precision applications.

TJM Capital, a private equity investment firm focusing on lower and middle-market growth businesses has established a new platform company, InCompass, to bring together industrial businesses offering innovative manufacturing solutions.

InCompass includes industry-leading names such as Timesavers, Dubois Equipment Company, Randbright, Clausing Industrial, Inc., and UK-based Colchester Machine Tool Solutions.

In September, the company acquired Bridgeport to its portfolio. The machine tool company is a leader in machine tool solutions, specializing in vertical milling equipment.

“Our brands have a common legacy of leading the industry in the design and development of innovative manufactured solutions, catering to the specific needs of our valued customers. InCompass is a vehicle to expand the offering of manufacturing solutions to our customers,” according to TJM Chairman Tom McDonough.