LA VERGNE, TN — JPW Industries, Inc., a global designer, manufacturer anddistributor of branded metalworking and woodworking equipment andspecialty shop tools sold under the JET, Powermatic, Wilton, Edwards, Promac and Baileigh brand names, today announced it has acquired Axiom Tool Group. JPW is a Gamut Capital Management portfolio company. Terms of the transaction were not disclosed.
Founded in 2014, Axiom is a marketer, designer and distributorin the U.S. of computer numerical control (CNC) machines and accessoriessold under the Axiom brand. Axiom’s operations in Westerville, Ohio,including warehousing, customer service and technical service willremain in their current locations.
Scott Leichtling, CEO of JPW, stated, “Axiom is a natural fit into theJPW family of brands, and we look forward to providing our customerswith even greater access to the depth and breadth of high-quality CNCequipment. Axiom’s leading position in the growing CNC market perfectlycomplements JPW’s platform capabilities. We are eager to welcome theteam, support the growth of the Axiom brand and to leverage JPW’s supplychain and customer service capabilities to improve the overall valueproposition to our collective customer base. At the core of thiscollaboration is JPW’s desire to address a growing need among young,talented makers for machinery that leverages technology to improveaccuracy, efficiency, and safety.”
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Todd Damon, Axiom’s Founder, will join JPW to support the growth andexpansion of the Axiom brand and its position within the CNC categorymore broadly.
“I am exceptionally proud of the loyal and entrepreneurial teamresponsible for our growth to date and feel confident that together withJPW’s platform and experience, we are well-positioned to continue todeliver exceptional products for our dedicated customers,” said Damon. “Joiningthe JPW platform will help us beginning on day one as we enhance ourproduct offerings and attract new consumers while propelling our growthwithin the CNC market,” Damon continued.
JPW, based outside Nashville, TN and founded in 1958, is a leadingdesigner, manufacturer and value-added distributor of market-leading,branded machinery, specialty shop tools and equipment for ruggedapplications across multiple end markets. The Company is highlydiversified across customers, selling to the industrial, consumer andconstruction end markets. JPW owns six brands, including JET, Baileigh,Wilton, Powermatic, Promac and Edwards. JPW’s brands have over 400 yearsof collective heritage, building brand equity with customers and endusers through superior product performance.
Axiom Tool Group, Inc. is a manufacturer and world-wide distributor ofsmall-format CNC routers. Since 2014, the Axiom Tool Group has beenbuilding truly unique CNC routers which are marketed under the ‘AxiomPrecision’ brand. These innovative machines integrate technology andcomponents from the industrial market into machines which fit the budgetand size constraints of the small shop. Axiom offers CNC solutions in a wide range of sizes for both hobbyistand industrial applications, and is an industry leader in machineinnovation, product quality and customer service. The Axiom Tool Groupis headquartered in Westerville, Ohio.
