TJM Capital Partners (TJM) has purchased the Machine Tool Solutions division of UK 600 Group


CHICAGO, April 11, 2022 /PRNewswire/ — TJM Capital, a private equity investment firm focused on low to mid-market growth companies, has purchased the Machine Tool Solutions division of UK 600 Group. The acquisition includes Colchester Machine Tool Solutions, with offices in the UK, Germanyand Australiaand Clausing Industrial, Inc., headquartered in Michigan. “The Machine Tool Solutions division is a perfect fit with our growth strategy,” says TJM President Tom McDonough. “These companies provide well-known high quality products for metalworking applications and give us the ability to provide more solutions to our customers,” McDonough said.

The Machine Tool Solutions division enjoys a solid reputation in the metal turning machinery market. The product range ranges from small conventional machines for the education markets to CNC workshop machines and CNC production machines. Incoming CEO Micah Coleman said: “Our customers remain the Group’s top priority. The addition of this new technology continues to reinforce our vision to become the partner of choice for complete manufacturing solutions. Mr. Coleman is also CEO of Timesavers LLC, Midwest Automation and Dubois Equipment Company.

The strong management teams of Colchester Machine Tool Solutions and Clausing Industrial will retain their current roles under new ownership. Jonathan Wrightgeneral manager of Colchesterand Kevin Mungovanpresident of Clausing Industrial, have a combined 50 years of experience in the machine tool industry and will continue to lead their respective businesses.

The acquisition was completed on April 8, 2022.

About TJM Capital Partners
Founded in 2008, TJM is a private investment firm that invests in established mid- and lower-market companies looking to grow significantly and realize shareholder value. TJM has a management team fully backed by a select group of committed capital sources – including family offices, high net worth individuals and a diverse set of first-generation (G1) investors – as a different kind of private investment firm. www.tjmcapitalpartners.com

About Timesavers LLC
For seventy-five years, Timesavers has produced wide-belt abrasive finishing machines for surfacing wood, metal, plastics and a wide range of other materials. Timesavers is a pioneer in sanding technology for the woodworking and machine tool industries and has the largest installed base of machines in the world. Superior product performance, exceptional customer service and unparalleled field technical support service make Timesavers the market leader.
www.timesaversinc.com

SOURCETimeavers, LLC; TJM Capital Partners

Previous DoF: Wealth tax easily evaded, property tax reform preferable
Next Bucks County, PA Boy donates Disney trip money to help Ukraine