JPW Industries (JPW), a 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, has acquired Baileigh Industrial Holdings (Baileigh).
JPW is a Gamut Capital Management (Gamut) portfolio company. Terms of the transaction have not been 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 US 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, says: “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,” says 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, says: “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.”
