Recent Updates — EPAC

Enerpac Tool Group Corp. reported fourth-quarter fiscal 2026 net sales of $186 million, up 11% year-over-year with 10% organic growth, driven by strength in its Industrial Tools & Services segment. Full-year revenue reached a record $652 million, up 6%, while full-year net earnings declined to $90 million from $93 million due to higher incentive compensation and restructuring charges. The company also announced fiscal 2027 guidance projecting net sales between $825 million and $845 million and adjusted diluted EPS of $2.00 to $2.15, alongside the completion of its acquisition of SFE Group. Enerpac Tool Group Corp. is a premier industrial tools, services, technology, and solutions provider serving mission-critical applications in more than 100 countries.

Enerpac Tool Group Corp. has completed the previously announced acquisition of Specialized Fabrication Equipment Group LLC (SFE Group) for a total purchase price of approximately $472 million. The consideration consists of roughly $452 million in cash, subject to customary closing adjustments for working capital and debt, plus $20 million in Restricted Stock Unit awards granted to SFE Group key personnel in lieu of transaction bonuses. The acquisition expands Enerpac's portfolio with 12 established industrial tool brands serving sectors like aerospace, oil & gas, and manufacturing. To fund the deal, Enerpac utilized existing cash on hand and drew on a new $850 million senior credit facility comprising a $300 million term loan and a $550 million revolving credit facility. SFE Group reported approximately $170 million in trailing twelve-month sales and $44 million in adjusted EBITDA as of March 31, 2026. Enerpac Tool Group Corp. is a premier industrial tools, services, technology, and solutions provider serving customers worldwide.

Enerpac Tool Group Corp. entered into a First Amendment to its Agreement and Plan of Merger with Specialized Fabrication Equipment Group LLC (SFE Group). The amendment changes the equity award plan used for Restricted Stock Unit awards given to SFE Group's key personnel in lieu of cash transaction bonuses, switching from the 2017 Omnibus Incentive Plan to a newly adopted Inducement Award Plan. It also adds conditions requiring these personnel to execute award agreements and clarifies closing date adjustments for merger consideration regarding SFE Group's cash, debt, and expenses. Enerpac Tool Group Corp. operates in the industrial tools industry, providing hydraulic and mechanical tooling solutions.

Enerpac Tool Group Corp. entered into a First Amendment to the Offer Letter with President and Chief Executive Officer Paul Sternlieb on October 26, 2026. The amendment establishes a structured retirement framework requiring 180 days' notice during specific annual windows, starting in February 2030, to retain Mr. Sternlieb through at least July 31, 2030. While base salary and target incentive opportunities remain unchanged, the agreement accelerates vesting for unvested restricted stock units (RSUs) and performance-based RSUs upon retirement notice and guarantees full annual bonus payouts based on actual company performance. It also enhances Change in Control protections by increasing severance multipliers from 1.5x to 2x base salary and incentive amounts, extending welfare benefits coverage to 24 months, and raising legal fee reimbursements to $50,000. Enerpac Tool Group Corp. manufactures hydraulic tools and industrial equipment.

Enerpac Tool Group entered into an Amended and Restated Credit Agreement that replaces its prior facility. The new structure provides a $550 million revolving credit facility, including a $200 million foreign currency sublimit, and a $300 million term loan. Borrowings mature on October 16, 2031. Initial proceeds were used to repay the existing $825 million debt and cover transaction expenses. The agreement includes financial covenants limiting the net leverage ratio to 3.75x (with a step-up to 4.25x for acquisitions) and requiring an interest coverage ratio of at least 3.00x. Enerpac Tool Group manufactures hydraulic, pneumatic, and electric tools and equipment.

Enerpac Tool Group Corp. approved a long-term incentive program granting performance-vesting restricted stock units (PSUs) to named executive officers and key employees. The awards, totaling $510,000 at target levels ($200,000 for Darren M. Kozik, $125,000 for Benjamin J. Topercer, $110,000 for Noah N. Popp, and $75,000 for Eric T. Chack), are contingent on the successful completion of the previously announced acquisition of Specialized Fabrication Equipment Group LLC by November 30, 2026. Vesting depends on achieving net sales and adjusted EBITDA goals for fiscal year 2028, with payouts ranging from 0% to 200% of target shares. Enerpac Tool Group Corp. manufactures hydraulic tools and equipment.