Enerpac to buy S.F.E. Group for $472M in cash
What's the deal? Enerpac Tool GroupDealroom has a profile for this one. Try Dealroom → has agreed to acquire Specialized Fabrication Equipment Group (S.F.E. Group) for approximately $472 million in cash. The seller is SFEG Holdings, a portfolio company of Gladstone Investment Corporation. The deal, announced July 7, 2026, is expected to close in the first quarter of Enerpac's fiscal 2027.
Who's involved? Milwaukee-based EnerpacDealroom has a profile for this one. Try Dealroom → (NYSE: EPAC) makes industrial tools and solutions. Houston-based S.F.E. Group supplies specialized fabrication, welding, portable machining, and material-handling equipment across 12 brands, including Climax, Axxair, and H&S Tool.
What's the endgame? Enerpac says the deal advances its pure-play industrial tools strategy, expanding its reach into higher-growth geographies and end markets. It adds roughly $1 billion to Enerpac's total addressable market.
The numbers: On a trailing-twelve-month basis, S.F.E. Group generated about $170 million in sales and roughly $44 million in adjusted EBITDA. The price represents 10.6x trailing adjusted EBITDA, or 9.5x with synergies expected within three years of closing. Enerpac expects the deal to be accretive to fiscal 2027 adjusted earnings per share.
How it's funded? Enerpac will use cash on hand and borrowings under its senior credit facility, which it amended to raise the revolving credit facility from $400 million to $625 million. Net debt-to-adjusted EBITDA is expected to be about 2.8 times at closing.
What could go wrong? The transaction remains subject to regulatory approvals and customary closing conditions. Vinay Varma, S.F.E. Group's CEO, will stay on as president to run the business.
The signal: The acquisition reflects Enerpac's disciplined push to consolidate premium industrial tool brands under one platform. "S.F.E. Group is exactly the type of high-quality, growing business that we have been seeking," said president and chief executive officer Paul Sternlieb.
Read more: GlobeNewswire
Image credit: Mostly Dans
