TJM Capital Partners Acquires Midwest Automation LLC

Midwest Growth Partners and Summit Equity Group Acquire Manitowoc Tool & Machining

December 15, 2022

Manufacturing

Midwest Growth Partners and Summit Equity Group, with mezzanine financing from NewSpring Mezzanine and a management rollover, completed an acquisition of Manitowoc Tool & Machining (MTM). The transaction positions MTM — a precision, production-oriented contract manufacturer serving OEM customers across agriculture, HVAC, aerospace & defense, medical and logistics/e-commerce — for continued growth and expanded capabilities under sponsor ownership.

Timesavers (TJM Capital) Acquires 600 Group's Machine Tool Solutions Division

March 31, 2022

Manufacturing

Timesavers Acquisition, LLC — a portfolio company of private equity firm TJM Capital Partners — acquired the Machine Tool Solutions Division of 600 Group PLC. The deal (closed March 31, 2022) included 600 UK Limited, Colchester GmbH (Colchester Machine Tool Solutions), 600 Machinery Australia Pty Ltd and Clausing Industrial, Inc., and expands Timesavers' product offering and global distribution in metalworking and machine tools.

Manitowoc Tool & Machining Acquires Mid Valley Industries

February 8, 2024

Manufacturing

Manitowoc Tool & Machining (a portfolio company backed by Summit Equity Group, Midwest Growth Partners and NewSpring Mezzanine) completed the acquisition of Mid Valley Industries, a Kaukauna, Wisconsin-based precision contract manufacturer, on January 17, 2024. The deal is an add-on to MTM's platform and is intended to expand MTM's large turning and milling capabilities and broaden its end-market exposure to heavy equipment, aerospace/defense and energy customers.

InCompass (TJM Capital Partners) Acquires Machinery Division of Mollart Engineering

August 1, 2023

Manufacturing

InCompass, the platform company backed by TJM Capital Partners, has acquired the machinery division of Mollart Engineering, a UK-based manufacturer of deep hole drilling machine tools. The acquisition expands InCompass’s manufacturing capabilities and global footprint across end markets including defense, aerospace and automotive; financial terms were not disclosed.

Saw Mill Capital Acquires RND Automation

December 17, 2020

Industrial Services

Saw Mill Capital, through its affiliated funds, has acquired RND Automation, a Lakewood Ranch, Florida-based integrator of robotics, vision systems and automation solutions for packaging and assembly. The deal expands Saw Mill's automation portfolio and formalizes a partnership with portfolio company iAutomation to cross-sell capabilities and accelerate growth; terms were not disclosed.

First Capital Partners Invests in BTM Company

September 1, 2019

Manufacturing

First Capital Partners completed a mezzanine debt investment in BTM Company to support a management-led recapitalization. BTM, founded in 1966 and based in Marysville, Michigan, supplies clinching and piercing tools, inserted fastener and work-holding equipment, and fully automated assembly systems to global OEMs in automotive, appliance, furniture, garage door and general industrial markets; Peakstone Group represented BTM in the transaction.