Main Street Portfolio Company Adds New A&D Customers and Expands Manufacturing Capabilities

Main Street Capital Holdings, LLC, is pleased to announce the acquisition of Trutron Corporation by its portfolio company, Compass Precision, LLC.  Located in Troy, MI, Trutron represents Compass’s second add-on acquisition this year and its tenth operating division overall.

Trutron offers complete manufacturing solutions, including 5-axis CNC machining, turning and milling, high-speed milling, EDM, and advanced precision grinding.  The Company’s high precision grinding capabilities bring an entirely new process capability to Compass, allowing the manufacture of tighter tolerance parts. Nearly all of Trutron’s sales are to blue chip customers in the aerospace and defense end-market.

“Trutron fits in perfectly with our strategy” explained Compass President, Bill Canning.  “A&D is our largest end-market and we’re constantly looking for high-quality shops with that can further expand our presence in that market.  Trutron not only expands our exposure to A&D, but also meaningfully enhances our manufacturing capabilities particularly through the addition of precision grinding.”

Dennis Prado, Managing Partner of Main Street commented, “It’s nice to get two add-ons completed this year which is a testament to Compass’s tremendous momentum.  We plan to continue to supplement the company’s strong organic growth with strategic acquisitions.  We will remain selective and focus on only the highest quality precision machining opportunities for Compass.”

Compass Precision will continue to look to acquire companies with complementary products, end-markets, geographies, or manufacturing capabilities.  Of particular interest are companies with advanced production capabilities, strong management teams, recurring projects, and high growth end-markets.