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In 1912 Francis Compton bought the Company from the Martins, but retained the name. Frederick Martin, was the Treasurer of the Company.

The second company called "The Martin Band Instrument Company" was founded in 1904 by John Henry and his five sons, in a factory at 431-433 Baldwin Street in Elkhart, Indiana. Because of ill health, he retired from making instruments in 1902. In 1876 the family moved to Elkhart where John Henry was an employee of the Conn Company when there were only six men at work there, but he also worked for other instrument manufacturers, one of which was The Michigan Musical Manufacturing Company of Detroit, Michigan. The family was reunited three days after the fire when they met on the shores of Lake Michigan.

In 1871 the factory was destroyed by the great Chicago fire. The "The Martin Company" was founded by him in 1865 (other sources claim arround 1890) in Chicago. In 1855 he emigrated to the USA and followed his trade, first in New York, later (in 1865) he moved to Chicago. Hammig of Markneukirchen (Germany), according to records in the Musikinstrumenten-Museum in that village. He learned to make instruments in Germany as an apprentice from 1850-54 by Christian Aug. John Henry Martin was born Februin Dresden (Germany) under the name Johann Heinrich Martin. Originally "The Martin Band Instrument Company" was founded by John Henry Martin and his five sons.