Investment firm establishes InCompass Group for manufacturing sector holdings
Posted by Larry Adams
March 22, 2023 | 2:53 pm CDT

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.

“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.

Micah Coleman, the current CEO of the individual companies that will be brought under the InCompass platform will lead the new combined organization as CEO of InCompass. 

According to Coleman, the group offers customers applications expertise, machine solutions and innovative systems for all their material processing needs. 

“Our goal,” he said, “is to be the partner our customers turn to first for time-saving solutions and the industry-leading expertise they need as they grow their businesses.”

InCompass will be a platform to bring together further brands offering manufactured growth solutions, according to Coleman.

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Larry Adams | Editor

Larry Adams is a Chicago-based writer and editor who writes about how things get done. A former wire service and community newspaper reporter, Larry is an award-winning writer with more than three decades of experience. In addition to writing about woodworking, he has covered science, metrology, metalworking, industrial design, quality control, imaging, Swiss and micromanufacturing . He was previously a Tabbie Award winner for his coverage of nano-based coatings technology for the automotive industry. Larry volunteers for the historic preservation group, the Kalo Foundation/Ianelli Studios, and the science-based group, Chicago Council on Science and Technology (C2ST).