---
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"
generated_at: "2026-10-28T20:02:19.048280+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Enerpac closes $472M SFE Group acquisition; 10.6x EBITDA, accretive to FY2027 EPS

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.01, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-041034
- JSON: https://secwatch.observer/filing/0001140361-26-041034.json
- Plain text: https://secwatch.observer/filing/0001140361-26-041034.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.