Enerpac Tool Group Completes Acquisition of SFE Group, Expanding Portfolio of Premium Industrial Tool Brands
Enerpac Tool Group completed its acquisition of SFE Group for approximately $472 million, consisting of about $452 million in cash plus $20 million of equity awards. SFE Group generated roughly $170 million of sales and $44 million of adjusted EBITDA over the trailing twelve months ended March 31, 2026, implying a 10.6x purchase multiple (9.5x with $4-6 million of expected synergies). The deal is expected to be accretive to fiscal 2027 adjusted EPS. The purchase was funded with cash on hand, a $300 million term loan, and a new $850 million five-year credit facility, leaving pro forma net leverage at approximately 2.3x with $425 million of accordion capacity for future M&A.
Key figures
- Deal Value Usd
- 472000000
- Cash portion
- 452000000
- Target ttm sales
- 170000000
- Integration costs
- $10 million to $14 million
- Transaction costs
- 8000000
- Expected synergies
- $4 million to $6 million by year three
- New credit facility
- $850 million five-year facility ($300M term loan, $550M revolver, $425M accordion)
- Equity awards portion
- 20000000
- Pro forma net leverage
- approximately 2.3x
- Target ttm adjusted ebitda
- 44000000
- Purchase multiple ttm ebitda
- 10.6x
- Purchase multiple with synergies
- 9.5x
AI analysis
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