Gamut Building Tool Giant

JPW Industries, a portfolio company of Gamut Capital Management since July 2017, has acquired Baileigh Industrial Holdings.

Baileigh is a manufacturer and distributor of over 500 metalworking and woodworking products sold under the Baileigh brand across the US and Europe.

In March 2018, Baileigh acquired Two Rivers, WI-based Rusch Machine and Design, a manufacturer of tube and pipe benders, welding positioners, bead rollers, and power hammers. Baileigh was founded in 1999 by Stephan Nordstrom and is headquartered in Manitowoc, WI with an additional facility in Two Rivers, WI (www.baileigh.com). Going forward, Mr. Nordstrom will be a member of JPW’s board of directors.

JPW is a manufacturer, designer and distributor of shop tools and equipment sold under the JET, Powermatic, Wilton, Edwards and Promac brand names. The company’s products include metalworking and woodworking machinery, vises and clamps, ironworkers, lifting systems, air and hand tools, and related parts and accessories. The company has approximately 4,000 SKUs sourced from over 400 active supply partners and sells through a network of approximately 3,000 national and independent distributors, wholesalers, dealers, and online retailers. JPW was founded in 1958 and is led by CEO Scott Leichtling. The company has more than 270 employees and is headquartered in the Nashville suburb of La Vergne, TN (www.jpwindustries.com).

“Over the past 20 years, Baileigh has built a reputation known for its outstanding products, customer-first approach and stellar track record of growth,” said Stan Parker, a founding partner of Gamut. “The buy of Baileigh enables JPW to broaden its branded offerings and bolster its market-leading position in metalworking and woodworking machinery, tools and equipment.”

Gamut Capital invests from $50 million to $150 million in leveraged buyouts, corporate carveouts, strategic partnerships, and distressed-for-control situations. Industries of interest include agriculture, chemicals, telecom, industrials, mining, power, distribution, technology, energy, and transportation. The firm closed on its debut fund, Gamut Investment Fund I LP, in January 2017 with $1 billion of capital commitments. Gamut Capital was founded in 2015 by Stan Parker and Jordan Zaken – both former senior partners at Apollo Global Management – and is based in New York (www.gamutcapital.com).

© 2019 Private Equity Professional | May 16, 2019

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