Compass Precision recently acquired Strom Manufacturing, of North Plains, Oregon. (Photo: Business Wire)

July 11, 2022

CHARLOTTE, N.C.—Compass Precision, LLC has acquired Strom Manufacturing, Inc., a CNC machine shop in North Plains, Oregon, Compass said in a release. Compass Precision is a Charlotte-based manufacturer of custom, close-tolerance metal components for mission-critical applications.

“Strom Manufacturing is a terrific CNC machine shop with significant investment in automated milling equipment,” said Compass Precision President and CEO Gary Holcomb, in the release. “This allows its machines to run unattended and lights-out. We are very attracted to these differentiating competencies.”

Strom Manufacturing, founded in 1974, serves a select group of high-tech customers and well-known consumer products customers, primarily in the Pacific Northwest. The company’s differentiating capabilities include horizontal and vertical 4-axis mills for precision machining. Some of these units have multiple pallets for continuous operation without operator intervention, according to the release.

Since 2008, Strom Manufacturing has been owned solely by Bill Strom, the company’s president. He will continue in his current role going forward.

“We are fortunate that our company attracted significant attention from multiple possible buyers,” said Bill Strom, in the release. “My wife Kathy and I are at the point in our lives where we want to kick back a little. Selling to Compass allows us to do that, knowing that our legacy is in excellent hands.”

In addition to Bill Strom, Strom Manufacturing’s entire management team and workforce are remaining with the company. Mike Strom, Bill’s brother, does much of the firm’s CNC programming. Also joining Compass are Strom Sales Manager Paul Sonderen and Quality Manager Brian Kedroske.

“I really liked Gary and the Compass people right from the start,” said Mike Strom, in the release. “They love machining as much as we do. Strom and Compass together are really a good fit.”

Strom Manufacturing will become the seventh operating company under the Compass umbrella, and the third situated outside the Charlotte area.

Compass said its operating model has proven highly effective in integrating and supporting geographically dispersed operating units. In particular, the company said it believes that numerous cross-selling and cross-sourcing opportunities exist to enable each operating company to succeed in ways not possible by itself.

Compass Precision was formed with the acquisition of Advanced Machining & Tooling, LLC, Quality Products & Machine, LLC, and Tri-Tec Industries, LLC in October 2019. In August 2020, Compass added Gray Manufacturing Technologies, LLC as its first add-on acquisition.

Seven months later, Douglas Machining Services, LLC became Compass’s second add-on acquisition. R&D Machine, LLC was acquired in April 2022, becoming Compass’s third add-on.

Compass said that together, its operating companies serve a diversified group of blue-chip customers in the aerospace and defense, medical, industrial automation, power generation, telecommunications, high tech, and specialty industrial markets.

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