New-York based private equity firm Tenex Capital Management has agreed to acquire the machinery and tools business of Walter Meier AG of Switzerland.
Walter Meier Tools is based in Nashville, TN. It is a manufacturer 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 more than 30 markets worldwide.
The transaction is expected to close by October 31.