Enerpac to Buy SFE Group for $472 Million in Cash Deal
Enerpac Tool Group announced a definitive agreement to acquire SFE Group for roughly $472 million, expanding its industrial tool portfolio.
Enerpac Tool Group Corp. (NYSE: EPAC) announced Monday it has signed a definitive agreement to purchase Specialized Fabrication Equipment Group LLC, known as SFE Group, for approximately $472 million in cash, adding a broad lineup of premium industrial tool brands to its existing operations.
The Milwaukee-based company is acquiring SFE Group from SFEG Holdings, Inc., a portfolio company of Gladstone Investment Corporation. The deal is priced at a multiple of 10.6 times SFE Group's trailing-twelve-month adjusted EBITDA, a figure that drops to 9.5 times once anticipated synergies are factored in — synergies Enerpac expects to realize within three years of closing.
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SFE Group brings meaningful financial scale to the transaction. The target company posted approximately $170 million in trailing twelve-month sales and generated roughly $44 million in adjusted EBITDA over the same period, giving Enerpac a substantial revenue base to integrate and build upon.
The acquisition signals Enerpac's continued push to consolidate the premium industrial tools market. By absorbing SFE Group's established brand portfolio, the company positions itself to expand its product offering and capture efficiencies across manufacturing and distribution channels over the near term.
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