Walter Meier Sells Tools Business

Private equity firm Tenex acquires JET, Wilton and Powermatic brands.

Walter Meier has sold its machinery and tools business to the private equity firm Tenex.

The sale closed Nov. 13. Terms of the deal were not disclosed.

Walter Meier Tools is a manufacturer and marketer of industrial and wood working machinery and equipment under the JET, Wilton and Powermatic brands. The company has operations in seven countries and sells in over 30 markets worldwide.

With a brand heritage spanning over 90 years, JET, Wilton and Powermatic products reach a broad spectrum of end users through a wide-ranging distribution base. Its products include JET and Powermatic woodworking machinery, Wilton vises and clamps, B.A.S.H unbreakable striking tools and JET metalworking machinery, lifting products and air tools.

Michael Green, CEO of Tenex Capital Management, stated, “In Walter Meier Tools, we have acquired a strong company with great brands and a growing market share in each of its segments. The well recognized brands of JET, Wilton and Powermatic define the resilience and durability of the products. We look forward to supporting the company and its management team in executing its continuing growth initiatives.”