Enerpac Tool Group Corp. (EPAC) has entered into a definitive merger agreement to acquire Specialized Fabrication Equipment Group LLC (SFE Group) for aggregate consideration of approximately $451.4 million in cash, subject to adjustments, and the issuance of approximately $20.6 million in Restricted Stock Unit (RSU) awards to key SFE Group personnel. Upon completion, SFE Group will become a wholly owned subsidiary of Enerpac. To support the acquisition, the company also amended its credit agreement to increase its revolving credit facility by $225 million.
Key Details
- Acquisition Terms: The transaction is valued at approximately $451.4 million in cash and an additional $20.6 million in RSUs, which will be granted to key personnel in lieu of cash bonuses.
- Financing: Enerpac entered into a First Amendment to its Credit Agreement, increasing its revolving credit facility from $400 million to $625 million.
- Timeline & Conditions: The agreement was signed on July 7, 2026. The transaction closing is expected no earlier than September 1, 2026, and is subject to customary conditions, including regulatory approvals under the HSR Act and by authorities in the U.K., France, and Germany.