Enerpac Tool Group to acquire SFE Group
Enerpac Tool Group Corp. announced it has entered into a definitive agreement with SFEG Holdings Inc., a portfolio company of Gladstone Investment Corporation, to acquire Specialized Fabrication Equipment Group LLC (SFE Group) for approximately $472 million in cash.
“We have remained highly disciplined in pursuing M&A opportunities that align with our strategic priorities and financial criteria,” said Enerpac Tool Group President and CEO Paul Sternlieb. “SFE Group is exactly the type of high-quality, growing business that we have been seeking: a premium brand platform with strong margins, complementary market position, a demonstrated track record of both organic and inorganic growth, and a platform for meaningful future growth potential. The acquisition of SFE Group will advance Enerpac Tool Group’s pure-play industrial tools and solutions strategy by expanding our presence in attractive industrial tools categories while creating opportunities to leverage our scale, technical and applications expertise, and customer and channel partner relationships. This acquisition will further expand Enerpac Tool Group’s total addressable market by approximately $1 billion. We look forward to welcoming the SFE Group team to the Enerpac family and believe this acquisition will position us to continue to drive sustainable growth and long-term shareholder value.
“As we plan to integrate the business and deploy our business system, including Powering Enerpac Performance (PEP) and Enerpac Commercial Excellence (ECX) tools, we look forward to unlocking key synergies and additional commercial and operational benefits,” Sternlieb added.
Headquartered in Houston, Texas, SFE Group is a global provider of specialized fabrication, welding, portable machining, and material handling equipment serving critical industries. SFE Group operates a portfolio of 12 well-established brands, including Climax, B&B Sumner, Axxair, Sumner Material Lifts, TAG, Mathey Dearman, Magnatech, Bortech, Fit-Up Pro, H&S Tool, PPM, and Calder, with leading market positions and a reputation for quality, durability, reliability, and technical expertise.
“Joining Enerpac Tool Group marks an exciting chapter for our team," said Vinay Varma, CEO of SFE Group, who will continue to run that business as president. "It will give us the resources, operational rigor, and platform to accelerate investments in innovation while continuing to deliver top-tier solutions for our customers and partners.”
The transaction is expected to close in the first quarter of fiscal 2027.
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