InCompass, an umbrella company formed to bring together businesses offering manufacturing solutions, has made two acquisitions that "align perfectly with the InCompass commitment to delivering superior industrial solutions."

The platform company of TJM Capital Partners has acquired Bourn & Koch Inc., a manufacturer of machinery including gear shaping, grinding, milling, and turning equipment, and the machinery division of Mollart Engineering, which makes deep-hole boring, reaming, tapping, coun…" title="Operation in which a rotating tool is used to create a round hole in a workpiece. boring, reaming, tapping, coun…" title="Operation in which a rotating tool is used to create a round hole in a workpiece. Drilling is normally the first step in machining operations such as boring, reaming, tapping, coun…" aria-label="Glossary: drilling">Drilling is normally the first step in machining operations such as boring, reaming, tapping, coun…" aria-label="Glossary: drilling">drilling machine tools.

With the integration of Bourn & Koch, InCompass expands its global footprint and gains a competitive edge in key industries, the company said in a statement.

The acquired company will continue to expand InCompass manufacturing solutions in markets including Aerospace, Automotive, Defense, Energy, and more. InCompass CEO Micah Coleman said, "At InCompass, we are committed to providing our customers with a comprehensive range of solutions. The addition of Bourn & Koch further strengthens our ability to be the preferred partner for their manufacturing needs."

As for Mollart, which makes solutions for gun drilling, deep hole boring, and deep hole finishing, Chairman Tom McDonough said the acquisition fit within the company's vision for growth.

"Mollart provides exceptional products for deep hole drilling and gives us the opportunity to provide more solutions to our customers," said McDonough.

The financial terms of the two transactions were not disclosed.