M&A
confidence high
sentiment positive
materiality 0.85
Enerpac to acquire SFE Group for ~$472M; 10.6x adj. EBITDA, accretive to FY2027 EPS
ENERPAC TOOL GROUP CORP
- Purchase price ~$472M in cash (including $20.6M in RSUs); multiple 10.6x trailing adjusted EBITDA.
- SFE Group generated ~$170M sales and ~$44M adjusted EBITDA on trailing twelve months.
- Acquisition funded with cash on hand and increased revolver from $400M to $625M; net debt/EBITDA ~2.8x.
- Expected to close in Q1 FY2027 (no earlier than Sept 1, 2026), subject to regulatory approvals.
- Enerpac expects acquisition to be accretive to fiscal 2027 adjusted EPS; expands TAM by ~$1B.