LA VERGNE, TN — May 9, 2019 – JPW Industries, Inc. (“JPW”), a leading global designer, manufacturer and distributor of branded metalworking and woodworking equipment and specialty shop tools sold under the JET®, Powermatic®, Wilton®, Edwards® and Promac® brand names, today announced it has acquired Baileigh Industrial Holdings, LLC (“Baileigh”). JPW is a Gamut Capital Management (“Gamut”) portfolio company. Terms of the transaction were not disclosed.
Founded in 1999, Baileigh is a leading marketer, manufacturer and distributor of over 500 metalworking and woodworking products sold under the Baileigh® brand across the U.S. and Europe. Through its wholly-owned subsidiary, RMD, Baileigh designs and manufactures high-quality, “made-in-the-USA” Baileigh-branded metalworking machinery. Baileigh’s operations in Manitowoc, WI, and Two Rivers, WI, including warehouse, customer service, technical service and manufacturing will remain in their current locations.
Scott Leichtling, CEO of JPW, stated: “We are excited to welcome Baileigh into the JPW family of brands and provide our customers with the most comprehensive portfolio of high-quality metalworking and woodworking products globally. Baileigh is exactly the type of brand we look for: a world-class company known for its commitment to innovation, culture of excellence and deeply loyal and diverse array of end users. We will continue to support the growth of the Baileigh brand while leveraging JPW’s supply chain and customer service capabilities to improve the overall value proposition to our collective customer base.”
Stephan Nordstrom, Baileigh’s Founder, will join JPW’s Board of Directors to help ensure a smooth transition. “I am exceptionally proud of Baileigh’s strong global presence and the dedicated, hardworking associates who helped build this company from scratch,” said Nordstrom. “As part of JPW, we will be well-positioned to enter our next phase of growth, expand our services and product offerings and reach new customers.”
Stan Parker, Founding Partner of Gamut, stated: “Over the past 20 years, Baileigh has built a reputation known for its outstanding products, customer-first approach and stellar track record of growth. This acquisition enables JPW to broaden its branded offerings and bolster its market-leading position in metalworking and woodworking machinery, tools and equipment.”
About JPW Industries, Inc.
JPW, based outside Nashville, TN and founded in 1958, is a leading designer, manufacturer and value-added distributor of market-leading, branded machinery, specialty shop tools and equipment for rugged applications across multiple end markets. The Company is highly diversified across customers, selling to the industrial, consumer and construction end markets. JPW owns six brands, including JET, Baileigh, Wilton, Powermatic, Promac and Edwards. JPW’s brands have over 400 years of collective heritage, building brand equity with customers and end users through superior product performance. Visit JPW Industries at www.jpwindustries.com, JET Tools at www.jettools.com, Baileigh at www.baileigh.com, Powermatic at www.powermatic.com, Wilton at www.wiltontools.com, Edwards at www.edwardsironworkers.com and Promac at www.promac.ch.
About Gamut Capital Management
Gamut Capital Management is a New York-based private investment firm managing $1.2 billion in assets focused on the middle market. Gamut was founded in 2015 by Stan Parker and Jordan Zaken who have over 35 years of combined private equity investing experience. Gamut’s senior deal professionals have executed investments in over 30 companies in North America and Europe. To learn more, please visit www.gamutcapital.com.