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 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 producer of milling, drilling and boring machines that are used in the precision manufacturing process. Newman is a 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 global brands, including Timesavers, Bridgeport, Newman Whitney, Mollart and Bourn & Koch, with industry expertise for customers across diversified end markets.
