TJM Capital Partners Announces Acquisition of Midwest Automation LLC
TJM Capital, a private equity investment firm focusing on lower middle-market growth businesses today announced the acquisition of Midwest Automation LLC a leading manufacturer of industrial machinery for metal product finishing. “Midwest Automation is exactly the type of business we look to partner with,” according to TJM Chairman Tom McDonough. “Midwest has a tremendous legacy as a family owned company manufacturing in the heartland of the United States and is poised for more growth,” said McDonough.
Midwest Automation specializes in machines for metal deburring, edge rounding and surface finishing. The company serves sheet metal, plate fabrication and pipe manufacturing markets. “It has been a tremendous honor to lead Midwest Automation for the last 35 years, and during that time we have built a solid foundation in the metal deburring and finishing industries. I cannot imagine a better partner than TJM, and its related companies, to build upon that foundation and to ensure a successful future for Midwest Automation,” said Kenny Holley, Past President/Owner Midwest Automation.
Incoming Midwest CEO Micah Coleman stated, “Midwest Automation has earned the reputation as a premium quality manufacturer, and we look forward to expanding the company’s capabilities to serve customers looking for the best technology to grow their fabrication and manufacturing businesses.” Mr. Coleman also serves as CEO of Timesavers LLC and Dubois Equipment Company. “This is very good news for our customers. They now have an expanded team serving them, expanded service and support, and more options for finishing technology solutions,” said Coleman.
About Midwest Automation LLC
Midwest Automation has been designing and engineering industrial machines since 1959. We entered the metal deburring, edge rounding, and finishing markets through the acquisition of Randbright Corporation in 2002. The product line includes flat and centerless (cylindrical) deslagging, deburring, edge rounding, finishing and polishing machines for both dry and wet applications, and wet dust collectors to compliment the product line of machines and systems. Made in USA.
About Timesavers LLC
For seventy-five years, Timesavers has been producing widebelt 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 worldwide installed base of machines. Superior product performance, exceptional customer service, and unequalled technical field support service make Timesavers the market leader.
About TJM Capital Partners
Founded in 2008, TJM is a private investment firm that invests in established middle and lower middle-market businesses looking to substantially grow and realize shareholder value. TJM has a fully supported management team 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 type of private investment firm.