Tenex Capital Management has completed its acquisition of the machinery and tools business of Switzerland's Walter Meier. The carved out business, headquartered in Tennessee, makes metalworking and woodworking machinery and equipment under the JET, Wilton and Powermatic brands. Lincoln International acted as the exclusive financial advisor to Tenex and placed debt financing to support the deal, which included senior secured credit facilities and senior subordinated notes. NXT Capital, Sumitomo Mitsui Banking and ING Capital provided the senior credit facilities and Fifth Street Finance provided the subordinated notes. The new standalone company has been rebranded as JPW Industries going forward.