M&A Deal Summary

Gamut Capital Management Acquires JPW Industries

On July 19, 2017, private equity firm Gamut Capital Management acquired machinery company JPW Industries from Tenex Capital Management

Acquisition Highlights
  • This is Gamut Capital Management’s 1st transaction in the Machinery sector.
  • This is Gamut Capital Management’s 2nd transaction in the United States.
  • This is Gamut Capital Management’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2017-07-19
Target JPW Industries
Sector Machinery
Buyer(s) Gamut Capital Management
Sellers(s) Tenex Capital Management
Deal Type Secondary Buyout
Advisor(s) BB&T Capital Markets (Financial)
Kirkland & Ellis (Legal)

Target

JPW Industries

LaVergne, Tennessee, United States
website
JET, a unit of JPW, branded woodworking tools on display at an Acme Tools store.
JET, a unit of JPW, branded woodworking tools on display at an Acme Tools store.
JPW Industries is a designer, manufacturer and value-added distributor of market-leading, branded machinery, specialty shop tools and equipment for rugged applications across multiple end markets. JPW Industries was founded in 1958 and is based in LaVergne, Tennessee.

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Buyer(S) 1

DESCRIPTION

Gamut Capital Management is a private equity group focused on investing $50 to $150 million in middle market US-based companies. Target sectors include agriculture, chemicals, telecom, industrials, mining, power, distribution, technology, energy and transportation. Gamut’s flexible investment strategy incorporates leveraged buy-outs, corporate carve-outs, strategic partnerships, and distressed-for-control situations. Gamut Capital Management was formed in 2015 and is based in New York City.


DEAL STATS #
Overall 2 of 7
Sector (Machinery) 1 of 2
Type (Secondary Buyout) 2 of 5
State (Tennessee) 1 of 1
Country (United States) 2 of 6
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-19 Hoffmaster Group

Oshkosh, Wisconsin, United States

Hoffmaster Group is a designer, manufacturer and supplier of decorated, premium disposable tableware (including napkins, plates, tablecovers and placemats) sold to major consumer retail and foodservice customers. The Company is highly regarded for its design and manufacturing capabilities, providing the Company with unique growth opportunities as retailers expand their seasonal and party/life celebration planograms, and as national restaurant and hospitality chains increasingly realize the branding and cost-in-use benefits of premium disposable tableware products. Hoffmaster Group was founded in 1947 and is based in Oshkosh, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-06 IAC Group

Luxembourg, Luxembourg

IAC Group is a provider of automotive components and systems, including instrument panels, console systems, door panels, headliners and overhead systems to automakers around the world. IAC Group was founded in 2006 and is based in Luxembourg.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Tenex Capital Management is a private investment group focused on acquiring control positions in profitable North American companies with $3 to $40 million of EBITDA. The Firm does not have any sector preferences and looks to commit up to $125 million per transaction. Tenex Capital Management was formed in 1999 and is based in New York City.


DEAL STATS #
Overall 7 of 23
Sector (Machinery) 2 of 3
Type (Secondary Buyout) 4 of 9
State (Tennessee) 1 of 1
Country (United States) 7 of 23
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-08 Medical Solutions

Omaha, Nebraska, United States

Medical Solutions is a healthcare staffing firm that specializes in placing registered nurses and allied professionals in temporary travel assignments. With offices in Omaha, San Diego, Cincinnati, and Tupelo. Medical Solutions was founded in 2001 and is based in Omaha, Nebraska.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Team Select Home Care

Phoenix, Arizona, United States

Team Select Home Care is a provider of post-acute healthcare services in a home-based setting to patients across the southwestern and central United States. Dedicated to improving the lives of patients through increased health and mobility, Team Select Home Care maintains offices in Arizona, Colorado, Missouri, and Oklahoma that provide home health care and other services to their local communities. Team Select Home Care was founded in 2009 and is based in Phoenix, Arizona.

Buy -