October 4, 2021

JPW Industries Acquires Axiom Tool Group

JPW Industries Acquires Axiom Tool Group

Expands Deeper into CNC Market

LA VERGNE, TN — [October 4, 2021] – JPW Industries, Inc. (“JPW”), a leading global

designer, manufacturer and distributor of branded metalworking and woodworking equipment

and specialty shop tools sold under the JET®, Powermatic®, Wilton®, Edwards®, Promac® and

Baileigh® brand names, today announced it has acquired Axiom Tool Group® (“Axiom”). JPW

is a Gamut Capital Management (“Gamut”) portfolio company. Terms of the transaction were

not disclosed.

 

Founded in 2014, Axiom is a leading marketer, designer and distributor in the U.S. of

computer numerical control (CNC) machines and accessories sold under the Axiom brand.

Axiom’s operations in Westerville, Ohio, including warehousing, customer service and

technical service will remain in their current locations.

 

Scott Leichtling, CEO of JPW, stated, “Axiom is a natural fit into the JPW family of brands, and

we look forward to providing our customers with even greater access to the depth and breadth

of high-quality CNC equipment. Axiom’s leading position in the growing CNC market perfectly

complements JPW’s platform capabilities. We are eager to welcome the team, support the

growth of the Axiom brand and to leverage JPW’s supply chain and customer service

capabilities to improve the overall value proposition to our collective customer base. At the

core of this collaboration is JPW’s desire to address a growing need among young, talented

makers, for machinery which leverages technology to improve accuracy, efficiency, and

safety.”

 

Todd Damon, Axiom’s Founder, will join JPW to support the growth and expansion of the

Axiom brand and the CNC category at JPW more broadly. “I am exceptionally proud of the

loyal and entrepreneurial team responsible for our growth to date and feel confident that

together with JPW’s platform and experience, we are well-positioned to continue to deliver

exceptional products for our dedicated customers,” said Damon. “Joining the JPW platform

will help us beginning on day one as we enhance our product offerings and attract new

consumers while propelling our growth within the CNC market,” Damon continued.

 

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About JPW Industries, Inc.

JPW, based outside Nashville, TN and founded in 1958, is a leading designer, manufacturer

and value-added distributor of market-leading, branded machinery, specialty shop tools and

equipment for rugged applications across multiple end markets. The Company is highly

diversified across customers, selling to the industrial, consumer and construction end

markets. JPW owns six brands, including JET, Baileigh, Wilton, Powermatic, Promac and

Edwards. JPW’s brands have over 400 years of collective heritage, building brand equity with

customers and end users through superior product performance. Visit JPW Industries at

www.jpwindustries.com, JET Tools 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 Tool Group

Axiom Tool Group, Inc. is a manufacturer and world-wide distributor of small-format CNC

routers. Since 2014, the Axiom Tool Group has been building truly unique CNC routers which

are marketed under the ‘Axiom Precision’ brand. These innovative machines integrate

technology and components from the industrial market into machines which fit the budget

and size constraints of the small shop.

 

Axiom offers CNC solutions in a wide range of sizes for both hobbyist and industrial

applications, and is an industry leader in machine innovation, product quality and customer

service. The Axiom Tool Group is headquartered in Westerville, Ohio. To learn more, visit

www.axiomprecision.com.

 

Media Contacts

For JPW:

Prosek Partners

(973) 908–4463

Pro-gamut@prosek.com

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