InCompass, a platform company of TJM Capital Partners, is pleased to announce the successful acquisition of Bourn & Koch, Inc. As a leading manufacturer of precision automated machine tools, Bourn & Koch, Inc. aligns perfectly with the InCompass commitment to delivering superior industrial solutions. TJM Chairman Tom McDonough commented, "We are excited to welcome Bourn & Koch into the InCompass family. Their machinery solutions and expertise will significantly enhance our ability to meet the evolving needs of our customers." This strategic acquisition supports the InCompass vision for growth and diversification.

Nidec Corporation today announced that it has acquired full ownership of Automatic Feed Company, Lasercoil Technologies LLC, and Automatic Leasing Company, privately owned US companies, from its founding family on August 1, 2023. 

Machine Tool Builders Inc. has today announced that, effective immediately, its president and co-founder Ken Flowers has assumed the sole ownership of the company, and that former business partner Ron Peiffer will be moving on to new opportunities. 

GearTec, Inc. (Willoughby, OH) is pleased to announce it has purchased the assets of Triple A Inc. (Euclid, OH). Triple A now joins GearTec as a wholly-owned subsidiary of United Stars, Inc. (Beloit, WI). United Stars companies are engineering-driven, best-in-class manufacturers of a wide range of metal products/alloys serving over 20 industries globally.  

Verisurf Software Inc. and Accurate Gauging and Instruments, Ltd have signed a joint sales and support agreement to represent Verisurf Software in India. Under the agreement, the two companies will work together to provide complete Advanced metrology solutions to manufacturers and global supply chain partners. 

Croix Gear, recognized as a leader in the custom manufacturing of loose gears, is excited to announce new branding for the organization. Ruthie Johnston, CEO/Owner, stated, “We are excited to have our brand reflect how Croix Gear has grown and developed over the past several years. It is a new look, but the same commitment to our customers, team members, and industry.” 

Croix Gear, recognized as a leader in the custom manufacturing of loose gears, is excited to announce new branding for the organization. Ruthie Johnston, CEO/Owner, stated, “We are excited to have our brand reflect how Croix Gear has grown and developed over the past several years. It is a new look, but the same commitment to our customers, team members and industry.”

Gleason-Hurth Tooling GmbH in Munich and Gleason Cutting Tools GmbH in Eisenbach are merging their business activities. As of July 01, 2023, the two business units will operate under the one name "Gleason Cutting Tools GmbH."

It is with great sadness that Forest City Gear announces the death of Fred Young, former president and CEO. Fred took over the family business, Forest City Gear, in 1967. Founded by his parents in 1955, Fred took the small mom-and-pop shop to a global level, leading the company to manufacture some of the world's most difficult gearing for amazing end uses from NASA's Martian rovers and space station to robotic arms and racing yachts.