TJM Capital, a private equity investment firm, has launched a new company, InCompass, aiming to bring together industrial businesses offering manufacturing services.

InCompass includes names such as Timesavers, Dubois Equipment Company, Randbright, Clausing Industrial Inc. and U.K.-based Colchester Machine Tool Solutions. Micah Coleman, the current CEO of the individual companies that will be brought under the InCompass business will lead the new combined organization as CEO. According to Coleman, the group offers customers applications expertise, machine services and innovative systems for all their material processing needs.

“InCompass is a vehicle to expand the offering of manufacturing solutions to our customers,” comments Tom McDonough, TJM chairman.