📰 EPAC: $472M Acquisition: Enerpac Tool Group to Buy SFE Group, Boosting Industrial Tools Portfolio

News: GlobeNewswire

Ticker: EPAC | Score: 9/10 | Sentiment: Positive

Summary (Wiseek AI)

Enerpac Tool Group announced a definitive agreement to acquire SFE Group for approximately $472 million in cash. SFE Group generated $170 million in sales and $44 million in adjusted EBITDA over the last twelve months, valued at 10.6x EBITDA. This significant acquisition, representing over 25% of Enerpac's market cap, expands its industrial tools portfolio and is expected to increase its total addressable market by $1 billion. The deal will be funded by cash and an expanded credit facility, pushing net debt-to-adjusted EBITDA to approximately 2.8x. The transaction is expected to close in Q1 Fiscal 2027, pending regulatory approvals.

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