Enerpac Tool Group

#4069

Rank

$2.17B

Marketcap

United States

Country

Leadership team

Ms. Barbara G. Bolens (Exec. VP & Chief Strategy Officer)

Mr. Paul E. Sternlieb (CEO, Pres & Director)

Mr. Anthony P. Colucci (Exec. VP, CFO & Principal Accounting Officer)

Products/ Services

Industrial

Number of Employees

1,000 - 20,000

Headquarters

Menomonee Falls, Wisconsin, United States

Established

1910

Company Registration

SEC CIK number: 0000006955

Net Income

20M - 100M

Revenue

500M - 1B

Traded as

EPAC

URL

https://www.enerpactoolgroup.com

Overview

Location

Recognition and Award

References

Summary

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, and internationally. It operates through Industrial Tools & Services (IT&S) and Other segments. The IT&S segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets. It also offers branded tools and engineered heavy lifting technology solutions, and hydraulic torque wrenches; maintenance and manpower services; high-force hydraulic and mechanical tools, including cylinders, pumps, valves, and specialty tools; and bolt tensioners and other miscellaneous products. This segment markets its branded tools and services primarily under the Enerpac, Hydratight, Larzep, and Simplex brands. The Other segment designs and manufactures synthetic ropes and biomedical textiles. The company was formerly known as Actuant Corporation and changed its name to Enerpac Tool Group Corp. in January 2020. Enerpac Tool Group Corp. was incorporated in 1910 and is headquartered in Menomonee Falls, Wisconsin.

History

In 2010, historian John Gurda authored “The Drive To Lead”, a history of Actuant that celebrated the company’s 100th anniversary.1910 Founded as American Grinder and Manufacturing

1927 Applied Power enters hydraulic business with Blackhawk

1958 Enerpac founded

1970 Power-Packer founded

1987 Applied Power initial public offering, trades on NASDAQ

1988 Applied Power acquires Gardner Bender from Gardner family

1989 Applied Power acquires Barry Wright Corporation

1992 Applied Power common stock trading moves to the NYSE

1996 Applied Power starts a roll-up of electronic contract manufacturers with the acquisition of Everest

1997 Applied Power acquires Versa Technologies, including Power Gear and Milwaukee Cylinder

1998 Applied Power reorganizes into two business groups: Industrial and Electronics to reflect the growth of the electronic contract manufacturing business

2000 Applied Power spins off its Electronics business segment into a separate public company called APW Ltd. The remainder of Applied Power, consisting of its former Industrial segment begins doing business as Actuant Corporation and trading on the NYSE as ATU.

2001 Applied Power changes name to Actuant

2002 Actuant successfully completes $105 million follow-on equity offering, using proceeds to retire 35% of 13% Senior Subordinated Notes

2003 Actuant acquires Heinrich Kopp A.G

2004 Actuant acquires Kwikee Products , and Dresco B.V. , and successfully completes $125,000 convertible bond offering.

2005 Actuant acquires Hedley Purvis and Hydratight Sweeney - initiating the Joint Integrity platform. Also completes its largest acquisition to date - Key Components, Inc - which included Gits, Marinco, Acme and Elliott.

2006 Actuant acquires D.L. Ricci, Precision Sure-Lock, Actown and BEP Marine.

2007 Actuant deploys $163 million of capital on five tuck-in acquisitions including Veha, Injectaseal, Maxima, TTF and BH Electronics.

2008 Actuant acquires TK Simplex and Superior Plant Services, both tuck-ins to the Industrial Segment.

2009 Actuant acquires Cortland adding a new platform to the portfolio.

2010 Actuant celebrates its centennial.

2010 CEO Bob Arzbaecher and Actuant management ring the closing bell at the NYSE celebrating centennial.2010 CEO Arzbaecher talks with CNBC.2011 Achieves record cash flow of $158 million and deploys just over $300 million to acquire Mastervolt and Weasler Engineering.

2012 Acquisition of Jeyco Pty. Ltd. in Australia, Turotest in Brazil, and CrossControl AB in Sweden.

2013 Divestiture of Actuant Electrical segment

2013 Acquisition of Viking Sea Tech .2014 Mark Goldstein becomes President and CEO of Actuant Corporation

2015 Acquisition of Hayes Industries, Ltd for nearly 31 million US dollars. Hayes Industries, Ltd. and Precision Sure-Lock are combined to form Precision-Hayes International.

2015 Actuant names Board President Bob Arzbaecher interim CEO

2016 Randy Baker becomes President and CEO of Actuant Corporation

2016 Larzep SA and FourQuest MENAC acquired.

2017 Actuant acquires Mirage Machines; sells Viking SeaTech.

2018 Actuant acquires Equalizer International

2019 Actuant consolidates business to two segments: Industrial Tools & Services and Engineered Components & Systems

2019 Actuant sells off Engineer Components & Systems business to focus on Industrial Tools and Service, changing its name to Enerpac Tool Group.

Mission

Our mission is to provide our customers with reliable, quality hydraulic tools and accessories in order to increase productivity, safety and profitability.

Vision

Our vision is to be the most respected global leader in the industrial hydraulics industry.

Key Team

Mr. Markus Limberger (Exec. VP of Operations)

Bobbi Belstner (Sr. Director of Investor Relations & Strategy)

Mr. James P. Denis III (Exec. VP, Gen. Counsel, Company Sec. & Chief Compliance Counsel)

Mr. Scott Vuchetich (Exec. VP of Marketing & Pres of Americas)

Mr. Benjamin J. Topercer (Exec. VP & Chief Human Resource Officer)

Mr. Richard Martin Roman (Treasurer, VP of Tax & Assistant Sec.)

Art Donaldson (VP of Engineering - Industrial Segment)

Recognition and Awards

Enerpac Tool Group has been the recipient of numerous awards for its innovative products and services, including the President’s Quality Award for excellence, the Reader’s Choice Award for quality and customer satisfaction, and the Business of Excellence Award. The company also was recognized as one of America’s fastest growing companies by INC. Magazine.