Main Street Portfolio Company Taps into Exciting New A&D End-Market with the Acquisition of its Ninth Operating Division

July 17, 2025 – Main Street Capital Holdings, LLC, is pleased to announce the acquisition of Pocasset Machine Corporation by its portfolio company, Compass Precision, LLC.  Located in Bourne, MA, Pocasset is Compass’s second acquisition in the New England area and the first division to focus on the autonomous underwater vehicle (‘AUV’) end-market.

Pocasset was founded in 1977 by the father of Barry and Chris Kent, who were the owners of the business prior to the acquisition by Compass.  Pocasset provides complete manufacturing solutions to customers consisting of CNC turning and milling, welding, assembly, and inspection.  The Company is located in the village of Pocasset in the town of Bourne, MA on the western side of Cape Cod.  The Company has strong relationships with customers in the defense, life sciences, and oceanographic industries.  In particular, the defense and oceanographic industries have seen significant growth on Cape Cod over the past several decades with the expansion of the AUV end-market.

“We are thrilled to be joining forces with Pocasset Machine,” explained Bill Canning, Compass’s President & Chief Operating Officer.  “Barry and Chris have developed a terrific niche CNC machining business focused mostly on serving the AUV market.”  “We see many opportunities to grow Pocasset as an integral part of Compass,” added Jim Miller, Compass’s Vice President of Sales.  “Compass loves to acquire shops with differentiated capabilities serving mission-critical markets. Pocasset Machine is all of that and more. They are a great fit for us.”

Ryan Davis, Managing Partner of Main Street commented, “Pocasset is a nice fit with Compass for many reasons.  The acquisition further expands Compass’s manufacturing capabilities and provides access to an exciting new A&D end-market.  It continues to underscore Compass’s reputation as a company that can make parts that others simply cannot.”

Compass Precision will continue to look to acquire companies with complementary products, end-markets, geographies, or manufacturing capabilities.  Davis continued, “We will continue to supplement Compass’s strong organic growth with acquisitions.  We will remain selective and focus on only the highest quality precision machining opportunities.”  Of particular interest are companies with advanced production capabilities, strong management teams, recurring projects, and high growth end-markets.