JPW: New York investors to buy local manufacturer

JPW Industries Inc., a La Vergne-based manufacturer of metalworking and woodworking equipment, has reached a deal to be bought by funds managed by New York-based Gamut Capital Management. Terms of the deal, expected to close by the end of the year, were not disclosed in a news release. JPW is currently owned by Tenex Capital Management. "Our management team spent a great deal of time evaluating potential acquirers, and we are confident that we have an outstanding partner in Gamut," JPW CEO...