JPW: Gamut to buy JPW Industries

Gamut Capital Management has agreed to acquire La Vergne, Tennessee-based JPW Industries, a producer of machinery and equipment. No financial terms were disclosed. In addition to the transaction, Stephen Van Oss, an operating partner at Gamut, will join JPW's board of directors as a non-executive chairman. Goldman Sachs served as financial adviser to Gamut while BB&T Capital Markets did likewise for JPW.