From JPW Industries:
LA VERGNE, Tenn.— JPW Industries, Inc. (“JPW”), a number one world designer, producer and distributor of branded metalworking and woodworking gear and specialty store instruments bought below the JET®, Powermatic®, Wilton®, Edwards®, Promac® and Baileigh® model names, right this moment introduced it has acquired Axiom Device Group® (“Axiom”). JPW is a Gamut Capital Administration (“Gamut”) portfolio firm. Phrases of the transaction weren’t disclosed.
Based in 2014, Axiom is a number one marketer, designer and distributor within the U.S. of pc numerical management (CNC) machines and equipment bought below the Axiom model. Axiom’s operations in Westerville, Ohio, together with warehousing, customer support and technical service will stay of their present places.
Scott Leichtling, CEO of JPW, said, “Axiom is a pure match into the JPW household of manufacturers, and we stay up for offering our prospects with even larger entry to the depth and breadth of high-quality CNC gear. Axiom’s main place within the rising CNC market completely enhances JPW’s platform capabilities. We’re desirous to welcome the group, assist the expansion of the Axiom model and to leverage JPW’s provide chain and customer support capabilities to enhance the general worth proposition to our collective buyer base. On the core of this collaboration is JPW’s need to deal with a rising want amongst younger, proficient makers for equipment that leverages know-how to enhance accuracy, effectivity, and security.”
Todd Damon, Axiom’s Founder, will be part of JPW to assist the expansion and growth of the Axiom model and its place throughout the CNC class extra broadly.
“I’m exceptionally pleased with the loyal and entrepreneurial group liable for our progress to this point and really feel assured that along with JPW’s platform and expertise, we’re well-positioned to proceed to ship distinctive merchandise for our devoted prospects,” mentioned Damon. “Becoming a member of the JPW platform will assist us starting on day one as we improve our product choices and entice new customers whereas propelling our progress throughout the CNC market,” Damon continued.
About JPW Industries, Inc.
JPW, primarily based exterior Nashville, TN and based in 1958, is a number one designer, producer and value-added distributor of market-leading, branded equipment, specialty store instruments and gear for rugged functions throughout a number of finish markets. The Firm is extremely diversified throughout prospects, promoting to the commercial, client and development finish markets. JPW owns six manufacturers, together with JET, Baileigh, Wilton, Powermatic, Promac and Edwards. JPW’s manufacturers have over 400 years of collective heritage, constructing model fairness with prospects and finish customers by way of superior product efficiency. Go to JPW Industries at www.jpwindustries.com, JET Instruments at www.jettools.com, Baileigh at www.baileigh.com, Powermatic at www.powermatic.com, Wilton at www.wiltontools.com, Edwards at www.edwardsironworkers.com and Promac at www.promac.ch.
About Axiom Device Group
Axiom Device Group, Inc. is a producer and world-wide distributor of small-format CNC routers. Since 2014, the Axiom Device Group has been constructing actually distinctive CNC routers that are marketed below the ‘Axiom Precision’ model. These progressive machines combine know-how and parts from the commercial market into machines which match the finances and measurement constraints of the small store.
Axiom gives CNC options in a variety of sizes for each hobbyist and industrial functions, and is an business chief in machine innovation, product high quality and customer support. The Axiom Device Group is headquartered in Westerville, Ohio. To be taught extra, go to www.axiomprecision.com.