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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.
 | |
| Formerly | Actuant Corporation |
|---|---|
| Company type | Public |
| NYSE: EPAC (Class A) S&P 600 component | |
| Industry | Industrial Tools |
| Founded | 1910 |
| Founders | Leo Bethke, Frank Lueck, Charles Krause |
| Headquarters | Menomonee Falls, Wisconsin, U.S. |
Area served | Worldwide |
Key people | Paul Sternlieb (CEO, president) |
| Revenue | $571M (cite FY22 annual report: Annual Reports: Enerpac Tool Group Corp. (EPAC)) |
 US$ .138 billion (2016)[1] | |
| Total assets | US$ 1.5 billion (2018)[citation needed] |
| Total equity | US$ .673 billion (2016)[1] |
Number of employees | 2,300 (2019)[citation needed] |
History
editIn 2010, historian John Gurda authored “The Drive To Lead”, a history of Actuant that celebrated the company's 100th anniversary.[2][3]
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[4]
1989 Applied Power acquires Barry Wright Corporation[5]
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 In 2000, the company announced the spin-off of its electronics business segment, doing business as AWP, Ltd.[6]
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 (European Electrical)
2004 Actuant acquires Kwikee Products (RV), and Dresco B.V. (European Electrical), and successfully completes $125,000 convertible bond offering.
2005 Actuant acquires Hedley Purvis and Hydratight Sweeney - initiating the Joint Integrity platform.[7] 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 (electro mechanical cables & umbilicals and engineered synthetic rope) to the portfolio.
2010 Actuant celebrates its centennial.
2010 CEO Bob Arzbaecher and Actuant management ring the closing bell at the NYSE celebrating centennial.[8]
2010 CEO Arzbaecher talks with CNBC.[9]
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 .[10]
2014 Mark Goldstein becomes President and CEO of Actuant Corporation
2015 Acquisition of Hayes Industries, Ltd for nearly 31 million US dollars.[11] 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.
2020 Enerpac Tool Group acquires controlled bolting sales and rental company HTL Group, UK
2021 Enerpac Tool Group announce Paul Sternlieb as the CEO and President
2022 Enerpac Tool Group announce a programme - Enhance Shareholder Value
Awards and recognition
edit- The Robert W. Baird Outstanding Achievement Award in Employee Giving[12]
- Forbes 400 Best Big Companies[13]
- BusinessWeek Top 100 "Hot Growth Company"[14]
- Investor's Business Daily: "Actuant Corp. Milwaukee, Wisconsin; Manufacturer is a switch-hitter on growth"[15]
- Investor's Business Daily: "Actuant Seeks Out Niches To Make it Big Fish in Pond"[16]
- Milwaukee Business Journal: "Andy Lampereur named CFO of the Year"[17]
References
edit- ^ a b "2016 Form 10-K, Actuant Corporation" (PDF). Actuant Corporation. Archived from the original (PDF) on 2016-03-22. Retrieved 2016-03-07.
- ^ "Did You Know?: Historian completes book about Actuant". BizTimes. 2010-10-15. Archived from the original on 2011-09-29. Retrieved 2012-01-14.
- ^ "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) - ^ "Actuant to sell its electrical business". www.jsonline.com. Retrieved 2024-09-27.
- ^ Tribune, Chicago (1989-06-01). "FIRM MAKES HOSTILE BID FOR BARRY WRIGHT". Chicago Tribune. Retrieved 2024-09-27.
- ^ Serant, Claire (23 May 2000). "Applied Power to acquire Ericsson shelter enclosure businesses". EE Times. Retrieved 27 September 2024.
- ^ "The History of Hydratight". Hydratight.com. Retrieved 2013-02-20.
- ^ "NYSE, New York Stock Exchange > About Us > News & Events > NYSE Calendar Actuant Corporation Celebrates Centennial and 10 Year Anniversary of Successful Spin-Off at the NYSE". Nyse.com. Retrieved 2012-01-14.
- ^ "Actuant Celebrates 100 Years - CNBC". Video.cnbc.com. 2009-02-26. Retrieved 2012-01-14.
- ^ "Actuant Completes Acquisition of Viking SeaTech in Aberdeen, Scotland". The Motley Fool. Retrieved 2013-09-13.
- ^ "Actuant Purchases Hayes Industries, Ltd". Archived from the original on 2015-07-10. Retrieved 2015-07-09.
- ^ "THE ROBERT W. BAIRD OUTSTANDING ACHIEVEMENT AWARD IN" (PDF). Archived from the original (PDF) on 26 August 2011. Retrieved 10 April 2012.
- ^ "Forbes: 400 Best Big Companies". 2008-12-22. Archived from the original on August 27, 2009. Retrieved 10 April 2012.
- ^ "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.
- ^ Schmeiser, Lisa. "ACTUANT CORP. Milwaukee, Wisconsin; Manufacturer Is A Switch-Hitter On Growth". Investor's Business Daily. Retrieved 10 April 2012.
- ^ Harlin, Kevin. "Actuant Seeks Out Niches To Make It Big Fish In Pond". Investor's Business Daily. Retrieved 10 April 2012.
- ^ "CFO of the Year Award Winners Named". Milwaukee Business Journal. Retrieved 10 April 2012.