JPW Industries taps three banks for financing to back buyout by Gamut

By Sara Rosenberg

New York, July 20 – JPW Industries Inc. has received commitments for financing to help fund its purchase by Gamut Capital Management LP from Tenex Capital Management, according to a news release.

Goldman Sachs Bank USA, BMO Harris Bank and BNP Paribas are the leads on the financing.

Closing is expected in the third quarter.

JPW is a La Vergne, Tenn.-based designer, marketer and distributor of branded metalworking and woodworking equipment and specialty shop tools.

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