Chicago, IL – JPW Industries, Inc.®, a portfolio company of Tenex Capital Management, announced it has reached an agreement to acquire Edwards Manufacturing of Albert Lea, Minnesota. FocalPoint served as exclusive financial advisor to JPW Industries and Tenex Capital Management.
JPW Industries is a leading global designer, marketer and distributor of branded metalworking and woodworking equipment and specialty shop tools sold under the JET®, Powermatic®, Wilton® and Promac® brand names. The company has operations in six countries and sells in markets worldwide.
Edwards Manufacturing was founded in America in 1875 by Charles Douglas Edwards and has been owned by the Hanson family since 1953. Edwards manufactures industrial ironworkers, hydraulic accessory tools, ironworker tooling, punches and dies, and specialty tools, including the innovative portable hydraulic Edwards Strut Pro. Edwards products are proudly Made in America and broadly distributed through metalworking dealers in North America and worldwide. Visit Edwards Manufacturing at www.edwardsironworkers.com.
Robert Romano, JPW CEO, said, “In Edwards Manufacturing, JPW has acquired a strong brand, outstanding American made products and a skilled workforce. We will maintain the Midwestern manufacturing facility in Albert Lea, Minnesota. When combined with JPW’s sales and marketing reach, we expect to significantly expand Edwards’ presence in its core markets and beyond.”
Alexis Friend, Edwards’ President, stated, “Joining forces with JPW will enable Edwards to leverage its respected brand, innovative product designs and highly skilled employees. With JPW’s professional sales and marketing capabilities, we expect to significantly strengthen and expand our position in existing and new markets.”
Stan Koss, Managing Director at FocalPoint Partners added, “I am excited to announce this transaction as it enhances our client’s product offering and also represents another successful transaction for our Industrials group at FocalPoint. We look forward to doing more with Bob Romano and his team at JPW Industries as well as with Tenex Capital Management.”
About Tenex Capital Management
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 established a successful track record investing in diverse industries, including industrials, manufacturing, and health and business services. For additional information, please visit www.tenexcm.com.
About FocalPoint Partners, LLC
FocalPoint is an independent investment bank, specializing in mergers and acquisitions, private placements (both debt and equity), financial restructurings, and special situation transactions. With offices in Los Angeles and Chicago, the firm serves middle market clients throughout the U.S. and has a dedicated industrial manufacturing team. For more information about FocalPoint Partners, visit focalpointllc.com.
Please contact Stan Koss, Managing Director, at 312-508-5781 or Thomas Mills, Managing Director, at 312-508-5777 with questions about this transaction.
Securities products and services are offered through FocalPoint Securities, LLC.