Enerpac Tool Group

Last updated
Enerpac Tool Group Corp.
FormerlyActuant Corporation
Company type Public
NYSE:  EPAC (Class A)
S&P 600 component
IndustryIndustrial Tools
Founded1910;115 years ago (1910)
FoundersLeo Bethke, Frank Lueck, Charles Krause
Headquarters Menomonee Falls, Wisconsin, U.S.
Area served
 Worldwide
Key people
Paul Sternlieb (CEO, president)
Revenue$571M (cite FY22 annual report: Annual Reports: Enerpac Tool Group Corp. (EPAC))
Increase2.svg US$ .138 billion (2016) [1]
Total assets Increase2.svg US$ 1.5 billion (2018)[ citation needed ]
Total equity Increase2.svg US$ .673 billion (2016) [1]
Number of employees
2,300 (2019)[ citation needed ]

Enerpac Tool Group Corp., formerly Actuant Corporation, was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin. Enerpac Tool Group common stock trades on the NYSE under the symbol EPAC.

Contents

History

Enerpac was founded in 1958 under the name Applied Power. In 1970, Power-Packer was founded.

Applied Power made its initial public offering and began trading on NASDAQ in 1987. The following year, Applied Power acquired Gardner Bender from Gardner family [2]

In 1989, Applied Power acquired Barry Wright Corporation [3]

In 2000, the company announced the spin-off of its electronics business segment, doing business as AWP, Ltd. [4]

In 2005, Actuant acquired Hedley Purvis and Hydratight Sweeney - initiating the Joint Integrity platform. [5]

In 2010, historian John Gurda authored “The Drive To Lead”, a history of Actuant that celebrated the company's 100th anniversary. [6] [7]

In 2013, the company acquired Viking Sea Tech [8]

In 2015, Hayes Industries, Ltd was acquired for nearly 31 million US dollars. [9] Hayes Industries, Ltd. and Precision Sure-Lock are combined to form Precision-Hayes International. [10]

In 2016, Randy Baker becomes President and CEO of Actuant Corporation [11] That same year, Larzep SA and FourQuest MENAC were acquired. [12]

In 2017, Actuant acquired Mirage Machines and sold Viking SeaTech. [13]

The company acquired Equalizer International for $5.8 million in May 2018. [14]

The company changed its name from Actuant to Enerpac Tool Group in 2019. Following the name change in October of that year, the company began trading under a new stock ticker symbol, EPAC. [15]

In 2020, Enerpac Tool Group acquires controlled bolting sales and rental company HTL Group, UK [16]

In 2021, Enerpac Tool Group announced Paul Sternlieb as the CEO and President [17]

Enerpac

Enerpac is a business is a division of Enerpac Tool Group (NYSE: EPAC) a $1.5 billion diversified global manufacturing company of industrial tools, and is headquartered in Menomonee Falls, Wisconsin. Enerpac operates in the high-pressure hydraulics market with locations in worldwide. [18] The business has over 30 offices in 22 different countries and over 1,000 employees. Enerpac manufactures high-pressure hydraulic equipment such as controlled bolting tools and portable machine equipment, to the international market. The business focuses on the design of products, from small cylinders to computer-operated lifting & positioning systems. [19] [20]

Historian John Gurda authored "The Drive To Lead," a history of Actuant, that highlights important events in Enerpac's history. [21] [22]

Power-Packer

Power-Packer is a Netherlands-based producer and distributor of electro-hydraulic motion control systems for customers on a global basis, and is part of the CentroMotion organization. Their market includes original equipment manufacturers and suppliers in different markets, such as automotive, medical, commercial vehicles and others. [23] Power-Packer has headquarters in the Netherlands and the United States, and manufacturing plants in those countries as well as Turkey, France, Mexico, Brazil, China and India. Power-Packer specializes in solutions for motion control.

Awards and recognition

References

  1. 1 2 "2016 Form 10-K, Actuant Corporation" (PDF). Actuant Corporation . Archived from the original (PDF) on 2016-03-22. Retrieved 2016-03-07.
  2. ↑ "Actuant to sell its electrical business". www.jsonline.com. Retrieved 2024-09-27.
  3. ↑ Tribune, Chicago (1989-06-01). "FIRM MAKES HOSTILE BID FOR BARRY WRIGHT". Chicago Tribune. Retrieved 2024-09-27.
  4. ↑ Serant, Claire (23 May 2000). "Applied Power to acquire Ericsson shelter enclosure businesses". EE Times. Retrieved 27 September 2024.
  5. ↑ "The History of Hydratight". Hydratight.com. Retrieved 2013-02-20.
  6. ↑ "Did You Know?: Historian completes book about Actuant". BizTimes. 2010-10-15. Archived from the original on 2011-09-29. Retrieved 2012-01-14.
  7. ↑ "Archived copy" (PDF). Archived from the original (PDF) on 2011-05-14. Retrieved 2011-10-12.{{cite web}}: CS1 maint: archived copy as title (link)
  8. ↑ "Actuant Completes Acquisition of Viking SeaTech in Aberdeen, Scotland". The Motley Fool. Retrieved 2013-09-13.
  9. ↑ "Actuant Purchases Hayes Industries, Ltd". Archived from the original on 2015-07-10. Retrieved 2015-07-09.
  10. ↑ MarketScreener (2019-01-04). "General Technologies, Inc. acquired Precision-Hayes International Inc. from Actuant Corporation for $23.6 million. -January 03, 2019 | MarketScreener". www.marketscreener.com. Retrieved 2025-01-31.
  11. ↑ Barrow, Olivia (13 May 2016). "Actuant CEO adapts to new role at diverse company: Randy Baker". Milwaukee Business Journal. Retrieved 2025-03-14.
  12. ↑ Barrow, Olivia (30 March 2016). "Actuant acquires pipeline company in Middle East and Africa". www.bizjournals.com. Retrieved 2025-01-31.
  13. ↑ Dill, Molly (2017-12-01). "Actuant completes $12 million Viking sale to Acteon Group". BizTimes - Milwaukee Business News. Retrieved 2025-01-31.
  14. ↑ "Actuant Corporation acquired Equalizer International Ltd for $5.8 million. - MarketScreener". www.marketscreener.com. 2018-05-16. Retrieved 2024-12-20.
  15. ↑ Thomas, Arthur (2019-09-23). "Enerpac brand reborn in Actuant name change, CEO says". BizTimes - Milwaukee Business News. Retrieved 2025-08-01.
  16. ↑ Anderegg, Brandon (2020-01-16). "Enerpac acquires $17 million manufacturer based in England". BizTimes - Milwaukee Business News. Retrieved 2025-01-31.
  17. ↑ "Paul Sternlieb — Wisconsin 275 Most Influential Business Leaders". BizTimes - Milwaukee Business News. 2024-12-09. Retrieved 2025-03-14.
  18. ↑ "Bloomberg Business Week". Enerpac Corp. Archived from the original on November 25, 2009. Retrieved October 12, 2011.
  19. ↑ "Business Wire". Enerpac Unit Plays Key Role in Erecting San Francisco Bay Bridge. Retrieved October 12, 2011.
  20. ↑ "Enerpac Homepage". Enerpac Company Website. Retrieved October 12, 2011.
  21. ↑ "BizTimes". Did You Know?: Historian completes book about Actuant. Archived from the original on September 29, 2011. Retrieved October 12, 2011.
  22. ↑ "The Drive to Lead" (PDF). A Centennial History of the Actuant Corporation. Archived from the original (PDF) on May 14, 2011. Retrieved October 12, 2011.
  23. ↑ "About". Power-Packer. Retrieved 2023-03-29.
  24. ↑ "THE ROBERT W. BAIRD OUTSTANDING ACHIEVEMENT AWARD IN" (PDF). Archived from the original (PDF) on 26 August 2011. Retrieved 10 April 2012.
  25. ↑ "Forbes: 400 Best Big Companies". 2008-12-22. Archived from the original on August 27, 2009. Retrieved 10 April 2012.
  26. ↑ "Actuant Corporation Named to Business Week's List of 100 "Hot Growth Companies"" (PDF). Business Week. Archived from the original (PDF) on 12 May 2008. Retrieved 10 April 2012.
  27. ↑ Schmeiser, Lisa. "ACTUANT CORP. Milwaukee, Wisconsin; Manufacturer Is A Switch-Hitter On Growth". Investor's Business Daily. Retrieved 10 April 2012.
  28. ↑ Harlin, Kevin. "Actuant Seeks Out Niches To Make It Big Fish In Pond". Investor's Business Daily. Retrieved 10 April 2012.
  29. ↑ "CFO of the Year Award Winners Named". Milwaukee Business Journal. Retrieved 10 April 2012.
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