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Monroe Capital Supports TJM Capital Partners’ InCompass Add-on Acquisitions

Date: Jan 09, 2024 @ 07:00 AM
Filed Under: Machine Tools

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the growth and add-on acquisitions of Bridgeport and Newman Whitney (“Newman”) by InCompass™, an existing portfolio company of independent sponsor TJM Capital Partners.  
 
Based in Maple Grove, MN, InCompass designs and manufactures a broad variety of machine tools, abrasive grinding, and precision finishing machines and parts for wood, metal, and a variety of other end markets. Bridgeport is a leading producer of milling, drilling, and boring machines that are used in the precision manufacturing process, designing the most popular American mill of all time. Newman is a leading brand in the lumber millwork industry, designing and manufacturing machinery such as planers, grinders, and trimmers. The acquisitions of Bridgeport and Newman will allow InCompass to serve as a group of globally renowned brands, including Timesavers, Bridgeport, Newman Whitney, Mollart, and Bourn & Koch, with industry leading expertise for customers across diversified end markets.
 

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