NXT Capital announced that it has provided a $98 million senior secured facility to fund Tenex Capital Management’s acquisition of JPW Industries.  NXT Capital was the joint lead arranger, sole bookrunner and administrative agent for this transaction.

JPW Industries designs and markets manual metalworking and woodworking machinery, tool products and a complete range of related shop equipment under the JET, Wilton and Powermatic brands. Headquartered in Nashville, Tennessee, the company also operates in Switzerland, Germany, Russia, France, Taiwan and China.

Tenex Capital Management  is a private equity fund with $425 million of committed capital that invests in middle-market companies experiencing significant change in their markets, operations or capital structure. Based in New York City, Tenex’s successful track record spans many industries including industrials, manufacturing, health and business services.

“NXT Capital was a valuable partner in the JPW Industries transaction,” said Scott Galletti, managing director, Tenex. “The NXT team was flexible and responsive in supporting our investment. We appreciated NXT’s efforts throughout the deal process.”

NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors, through its corporate finance, equipment finance, real estate finance and  venture finance groups. Based in Chicago with offices in Atlanta, Boston, Charlotte, Dallas, Kansas City, Minneapolis/St. Paul, New York, Phoenix, San Francisco and Silicon Valley, NXT Capital targets senior financing opportunities of up to $150 million with a hold size up to $50 million.