The deal involves purchasing SFE Group from SFEG Holdings, a portfolio company under Gladstone Investment. By integrating SFE’s operations, Enerpac anticipates adding roughly $1 billion to its total addressable market, strengthening its foothold in specific industrial tool categories.

Following the transition, current SFE Group Chief Executive Vinay Varma will remain at the helm, serving as president of the business. Investors reacted positively to the announcement, pushing Enerpac shares up 3.2% to $35.41 in after-hours trading. The company expects the acquisition to finalize during the first quarter of fiscal 2027.