{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-041034","form_type":"8-K","ticker":"EPAC","cik":"0000006955","company_name":"ENERPAC TOOL GROUP CORP","filed_at":"2026-10-28T20:00:49+00:00","discovered_at":"2026-10-28T20:02:00.542034+00:00","generated_at":"2026-10-28T20:02:19.048280+00:00","sec_items":["2.01","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Enerpac closes $472M SFE Group acquisition; 10.6x EBITDA, accretive to FY2027 EPS","bullets":["Purchase price ~$472M: ~$452M cash plus $20M of equity awards granted in lieu of transaction bonuses; seller was SFEG Holdings, a Gladstone Investment portfolio company.","SFE Group posted ~$170M sales and ~$44M adjusted EBITDA for the trailing twelve months ended March 31, 2026; deal priced at 10.6x, or 9.5x with $4M-$6M of year-three synergies.","Funded with cash on hand, an expanded $300M term loan and a new $550M revolver under an $850M five-year facility closed Oct. 16, 2026; pro forma net leverage ~2.3x.","Expect ~$8M transaction costs and $10M-$14M integration costs; $21.2M of inducement awards to 14 SFE senior employees, $20.0M of it replacing Gladstone-paid bonuses.","Three SFE executives must use ~$10.9M of merger cash to buy EPAC shares in the open market within 15 trading days post-close, locked up through the third anniversary."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-041034","json":"https://secwatch.observer/filing/0001140361-26-041034.json","markdown":"https://secwatch.observer/filing/0001140361-26-041034.md","text":"https://secwatch.observer/filing/0001140361-26-041034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/6955/000114036126041034/0001140361-26-041034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/6955/000114036126041034/ef20084507_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-28T20:02:19.048280+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}