InCompass, a platform company of TJM Capital Partners, has reached a definitive agreement to acquire Bridgeport Machine Tool Co.
As a prominent manufacturer, with a portfolio of world-class brands in the industrial machinery sector, InCompass has strategically expanded its portfolio by incorporating Bridgeport Machine Tool Company.
Bridgeport is renowned for vertical milling machinery, providing customers with flexibility, speed, quality, and value.
According to Tom McDonough, InCompass chairman, "The inclusion of Bridgeport aligns seamlessly with our vision for growth. Bridgeport offers outstanding vertical milling solutions, opening up new avenues for us to cater to our valued customers."
The financial terms of the transaction remain confidential. This strategic move to acquire Bridgeport enhances the InCompass global presence and bolsters its manufacturing capabilities, enabling the company to provide comprehensive solutions to a diverse range of customers, including job shops, OEMs & any other end-user looking to maximize productivity.
InCompass CEO Micah Coleman emphasized, "At InCompass, our paramount objective is to continually expand our array of solutions to support our clients' growth. The integration of Bridgeport technology brings us closer to becoming the preferred partner for complete manufacturing solutions."
Related Glossary Terms
- gang cutting ( milling)
gang cutting ( milling)
Machining with several cutters mounted on a single arbor, generally for simultaneous cutting.
Machining operation in which metal or other material is removed by applying power to a rotating cutter. In vertical milling, the cutting tool is mounted vertically on the spindle. In horizontal milling, the cutting tool is mounted horizontally, either directly on the spindle or on an arbor. Horizontal milling is further broken down into conventional milling, where the cutter rotates opposite the direction of feed, or “up” into the workpiece; and climb milling, where the cutter rotates in the direction of feed, or “down” into the workpiece. Milling operations include plane or surface milling, endmilling, facemilling, angle milling, form milling and profiling.