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April 6, 2023

Compass Precision Purchases Bergeron Machine

Main Street Portfolio Company Expands Manufacturing Capabilities with the Acquisition of its Eighth Operating Division

PITTSBURGH, PA – April 6, 2023 – Main Street Capital Holdings, LLC, a Pittsburgh-based private equity firm, is pleased to announce the acquisition of Bergeron Machine, Inc., by its portfolio company, Compass Precision, LLC.  Located in Westford, MA, Bergeron Machine is the first Compass division to focus on high-precision Swiss-style machining.

Founded in 1948, Bergeron Machine is a high-precision Swiss turning machine shop manufacturing extremely tight tolerance parts from a variety of exotic metals including Inconel, Monel, and titanium alloys.  Compass purchased the company from Mark Kelly and Sidney Kuo, who bought the firm in 2008.  Bergeron services customers in the semiconductor, aerospace, and defense end-markets.

“Compass is extremely pleased to add Bergeron Machine to its portfolio of shops with highly differentiated capabilities,” said Compass President & CEO Gary Holcomb.  “Bergeron’s Swiss turning capabilities fit in perfectly with our suite of highly differentiated processes.  They make a lot of extremely high-precision and difficult-to-manufacture parts.  This acquisition continues our strategy of building a decentralized group of high-quality precision machine shops that service high-growth end markets across the United States.”

Dennis Prado, Managing Partner of Main Street commented, “Bergeron is a perfect fit with Compass in all critical categories. The acquisition further expands Compass’s manufacturing capabilities, end-markets served, and geographic presence and underscores Compass’s reputation as a company that is capable of making parts that others simply cannot.”

Compass Precision will continue to look to acquire companies with complementary products, end-markets, geographies, or manufacturing capabilities.  Prado 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.