Recently, JPW Industries announced that it has reached an agreement to be acquired by Gamut Capital Management of New York. Robert Romano, CEO of JPW Industries, expects the deal to be finalized by the end of the year. As a privately held company, there has been no information circulating about any acquisition numbers. We’re confident the JPW Industries Acquisition is in the Millions, but not in the Billions…this gives you some room to ponder.
Our Thoughts
Wilton Bullet Vise
Both sides, JPW and Gamut are assuring that it will be business as usual, before and after the acquisition. The question in our minds is what spurred the deal? Do we see the JPW brands diversify even further, or is it time for streamlining into less industries? Less than a year ago (August 2016), JPW acquired the Edwards Mfg. company, adding ironworkers (machines, not people) to the JPW Industries menu. On the surface, it seems that JPW is growing and doing well, so we hope to see this continue.
The JET and Powermatic brands infiltrate woodworking and fabrication shops all across the U.S., and further. Furthermore, who has been in a fabrication shop where there isn’t a Wilton vise? Women dream of diamonds, and fabricators dream of a new Wilton Bullet Vise on their workbench. We hope to see this acquisition push more money to R&D resources, so we see more new products, more often. We need to see more USA brands thriving and expanding, especially in the manufacturing market.
About the JPW Industries Acquisition
“JPW has set the standard for quality, reliability, innovation, and service across a broad range of applications and end users. We are delighted to partner with JPW and its strong management team to accelerate its development.”-Stan Parker, Founding Partner of Gamut Capital Management
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JPW Industries is a designer, marketer, and distributor of branded woodworking and metalworking equipment. They sell tools under the Jet, Powermatic, Wilton, Edwards, and Promac brand names. While headquartered in La Vergne, TN, and with operations in six countries, JPW sells through a network of distribution partners in worldwide markets.
About Gamut Capital Management
Founded in 2015 by Stan Parker and Jordan Zaken, Gamut Capital Management focuses on making investments in middle-market companies. And, with $1 billion of committed capital for investment, Gamut enables middle-market companies to operate as stand-alone, independent businesses.
“Our management team spent a great deal of time evaluating potential acquirers, and we are confident that we have an outstanding partner in Gamut. The Gamut founders have a great track record, as well as vast experience with industrial companies like JPW. Most important, they have the willingness and capability to provide the resources to help us achieve our ambitious goals.”-Robert Romano, CEO of JPW Industries
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According to Romano, JPW Industries’ name, management, and operations will all stay in place in their current LaVergne, TN and Albert Lea, MN locations.
Click these links to learn more about JPW and Gamut Capital Management.
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