InCompass™ Expands Woodworking Machinery Portfolio with Acquisition of Newman Machine Company

28 November 2023

InCompass™, a platform company of TJM Capital Partners, is excited to announce its latest strategic acquisition of Newman Machine Company, a distinguished leader in the woodworking machinery sector.

As a prominent platform company housing world-class brands within the industrial machinery sector, InCompass™ continues to expand its portfolio by welcoming Newman Machine Company into its family of distinguished brands. Newman Machine Company has earned a strong reputation in the industry for its exceptional woodworking machinery and innovative solutions.

Tom McDonough, Chairman of InCompass™, expressed his enthusiasm for this acquisition, stating, "The addition of Newman Machine Company perfectly aligns with our vision for growth and innovation in the woodworking sector. 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."