Add-on Acquisition • Machinery

Monroe Capital and InCompass Acquire Newman Machine

On November 27, 2023, lender Monroe Capital and InCompass acquired machinery company Newman Machine

Acquisition Context
  • This is Monroe Capital’s 4th and InCompass’ 1st transaction in the Machinery sector.
  • This is Monroe Capital’s 106th and InCompass’ 2nd transaction in the United States.
  • This is Monroe Capital’s 6th and InCompass’ 1st transaction in North Carolina.

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M&A Deal Summary

Date November 27, 2023
Target Newman Machine
Sector Machinery
Buyer(s) Monroe Capital
InCompass
Deal Type Add-on Acquisition

Target Company

Newman Machine

Browns Summit, North Carolina, United States
Newman Machine specializes in designing and engineering a wide range of equipment, such as planers, grinders, and sanders. Newman Machine was founded in 1907 and is based in Browns Summit, North Carolina.
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Buyers Overview 2

Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 107 of 135
Sector: Machinery 4 of 5
Type: Add-on Acquisition 5 of 5
State: North Carolina 6 of 7
Country: United States 106 of 134
Year: 2023 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-16 Equiti

Sunrise, Florida, United States

Equiti provides technology-enabled language services to the healthcare market. The company provides remote medical interpretation services through multiple modalities and serves customers across various healthcare end-markets, including health systems/hospitals, FQHCs, ambulatory practices, lab/pharmacy, post-acute and payors. Equiti was founded in 2003 and is based in Sunrise, Florida.

Buy $180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-17 MOREgroup

Fort Worth, Texas, United States

MOREgroup is a family of design, architecture and engineering brands that each uniquely focus on a single area of expertise. Formed through the combination of Huckabee, Rachlin Partners, TSK Architects, Image Engineering Group (IEG), and Environments for Health Architecture (E4H). MOREgroup is based in Fort Worth, Texas.

Buy -
Buyer

InCompass

Maple Grove, Minnesota, United States

Category Company
Sector Manufacturing
DESCRIPTION

InCompass provides customers with the time-saving solutions and industry expertise they need to grow their business by bringing together industrial manufacturers offering innovative products and systems. The Company's brands include Timesavers, Dubois Equipment Company, Randbright, Bourn & Koch, Mollart Machinery, Clausing Industrial, Pratt Burnerd, and UK-based Colchester Machine Tool Solutions. InCompass is based in Maple Grove, Minnesota.


Deal Context for Buyer #
Overall 2 of 2
Sector: Machinery 1 of 1
Type: Add-on Acquisition 2 of 2
State: North Carolina 1 of 1
Country: United States 2 of 2
Year: 2023 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 Bridgeport

Kalamazoo, Michigan, United States

Bridgeport offers machine tool solutions for the global manufacturing community. Specializing in vertical milling equipment, the company possesses the ability to take on the most challenging manufacturing applications. Bridgeport offers a comprehensive range of services, including repair parts, field service, retrofit, and rebuild. Bridgeport was founded in 1938 and is based in Kalamazoo, Michigan.

Buy -