ENERPAC TOOL GROUP CORP (EPAC) Form 8-K — Oct 28, 2026
Enerpac Tool Group has completed its acquisition of SFE Group for approximately $472 million, consisting of $452 million in cash and $20 million in equity awards granted in lieu of transaction bonuses. SFE Group generated roughly $170 million of sales and $44 million of adjusted EBITDA over the trailing twelve months ended March 31, 2026. The deal was funded with cash on hand, an expanded $300 million term loan, and borrowings under a new five-year $850 million revolving credit facility that includes a $425 million accordion option for future M&A. Pro forma net debt to adjusted EBITDA is estimated at approximately 2.3x at closing.
Key figures
- Deal Value Usd
- $472 million
- Equity awards
- $20 million
- Sfe ttm sales
- $170 million
- Accordion option
- $425 million
- Inducement awards
- $21.2 million to 14 senior SFE employees
- Integration costs
- $10-14 million
- Purchase multiple
- 10.6x trailing adjusted EBITDA (9.5x with synergies)
- Transaction costs
- $8 million
- Cash consideration
- $452 million
- Expected synergies
- $4-6 million by year three
- Sfe ttm adj ebitda
- $44 million
- New credit facility
- $850 million five-year facility ($300M term loan + $550M revolver)
- Pro forma net leverage
- 2.3x
- Executive open market purchases
- $10.9 million
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