26, Sep. 2017
Tenex Capital Management Closes Sale of JPW Industries

New York, NY – September 26th, 2017 – Tenex Capital Management (“Tenex”) is pleased to announce the sale of JPW Industries, Inc. (“JPW”), a manufacturer and marketer of a wide range of machinery and equipment under the JET®, Powermatic®, Wilton® and Promac® brands.

Tenex and co-investors acquired JPW in November of 2013, and in July of 2016, JPW acquired Edwards Manufacturing, a family owned manufacturer of industrial ironworkers, hydraulic accessory tools, ironworker tooling, punches and dies, and specialty tools.  Edwards was founded in 1875 and is based in Albert Lea, MN.  JPW is headquartered in La Vergne, TN.

During Tenex’s partnership with JPW, Tenex and management scaled and significantly improved the profitability of the business through the successful i) carve-out from the former European publicly traded parent and creation of in-house functions and processes that were previously shared; ii) implementation of sourcing, support services, and go-to-market efficiency initiatives; iii) investment in and launch of a new product development program; and iv) strategic add-on acquisition and operational integration of Edwards Manufacturing.

JPW CEO Bob Romano commented, “Our partnership with Tenex has enabled JPW to successfully transform our business from a captive corporate division to a thriving standalone company. Through our collaboration we have improved every aspect of our business and we are well positioned to continue executing our growth plans under our new ownership.”

“We thoroughly enjoyed our partnership with Bob Romano and the JPW team. The hard work that went into the transformation of the company has resulted in a very successful outcome for all stakeholders,” said Tenex CEO Mike Green.

The transaction was effective as of September 22nd, 2017.


About Tenex
Tenex Capital Management is a private equity firm that invests in middle-market companies. Tenex uses an in-house team of hybrid investment professionals skilled in operational leadership, investing and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has successfully invested in a diverse range of industries, including industrials, manufacturing, and health and business services.  For additional information, please visit

About JPW Industries
Headquartered in La Vergne, Tennessee, JPW Industries, Inc®. manufactures and markets a wide range of machinery and equipment under the JET®, Powermatic®, Wilton®, Edwards Ironworkers®, Promac®, Tool Air® and GYS® brands. In addition to its La Vergne headquarters, the company has operations in Albert Lea, MN; Europe; and Asia. It sells through a vast network of distributor partners worldwide. For additional information, please visit

Tenex Continues to Seek Add-Ons for Select Existing Holdings:

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