Enerpac Tool Group CorpEnerpac is acquiring S.F.E Group for $472M, expanding into higher-growth markets; analyst maintains Buy rating.
Enerpac Tool Group is acquiring Specialized Fabrication Equipment Group from Gladstone Investment Corp. for approximately $472 million in cash. The company announced the deal on July 8, stating it will expand exposure to higher-growth geographies and end markets. Roth Capital lowered its price target on Enerpac to $50 from $51 on July 9 while maintaining a Buy rating, citing the company's organic growth strategy and the strength of the soon-to-be-acquired S.F.E Group business. The firm views Enerpac as an excellent investment for those looking to benefit from growing global infrastructure project activity.
Enerpac Tool Group CorpEnerpac is acquiring S.F.E Group for $472M, expanding into higher-growth markets; analyst maintains Buy rating.
Gladstone Investment CorporationGladstone Investment is selling S.F.E Group for $472M, a divestiture that generates cash.
S.F.E Group is being acquired for $472M, a positive outcome for the private company.