secwatch.observer — SEC 8-K summary
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Issuer:     ENERPAC TOOL GROUP CORP (EPAC)
CIK:        0000006955
Form:       8-K
Filed at:   2026-10-28T20:00:49+00:00
Accession:  0001140361-26-041034
Event type: m_and_a
Sentiment:  positive
Materiality: 0.55
Item codes: 2.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6955/000114036126041034/0001140361-26-041034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6955/000114036126041034/ef20084507_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-041034

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