Enerpac Tool Group
Corporate brand
UnclaimedEnerpac Tool Group is a U.S.-based industrial technology company focused primarily on high-pressure hydraulic tools, controlled bolting, lifting, positioning, and related equipment.
Last updated August 26, 2026
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Overview
Enerpac Tool Group Corp. is a publicly traded industrial company headquartered in Milwaukee, Wisconsin. The company is best known through its Enerpac business, which supplies high-pressure hydraulic equipment and engineered tools used in heavy construction, infrastructure, energy, mining, manufacturing, maintenance, and other industrial applications. Its product range extends from relatively compact hydraulic cylinders and pumps to integrated systems for lifting, moving, positioning, tensioning, and synchronizing very heavy loads. Controlled bolting and joint-integrity equipment is another important part of the portfolio. The business has roots extending to 1910, although the Enerpac operating identity emerged later. The company was established as Applied Power in 1958 and completed an initial public offering in 1987, when its shares began trading on NASDAQ. During the following decades, the company pursued an acquisitive expansion strategy, buying businesses in electrical products, industrial components, hydraulic tools, joint integrity, marine services, precision locking, and motion-control-related fields. Acquisitions such as Gardner Bender and Barry Wright broadened Applied Power beyond its original base, while the later purchases of Hedley Purvis and Hydratight Sweeney helped establish a joint-integrity platform. The corporate portfolio changed substantially through divestitures and reorganizations. In 2000, the electronics business was separated as AWP, Ltd. In 2019, the company sold its engineered components and systems segment to One Rock Capital Partners; that business was subsequently renamed CentroMotion. This transaction marked a more focused direction for the remaining company. The corporate name changed from Actuant Corporation to Enerpac Tool Group in 2019, and the stock began trading under the EPAC symbol in October of that year. The renamed group placed greater emphasis on the Enerpac industrial tools franchise and related specialized equipment businesses. Enerpac Tool Group continued to expand its controlled-bolting and industrial-services capabilities through the acquisition of HTL Group in the United Kingdom in 2020. In 2024, it acquired DTA The Smart Move, a transaction described in the reference material as having a value of €24 million. The group also continued to reshape its portfolio, including the sale of its Cortland Industrial business to Tufropes in 2023. These actions reflect a strategy centered on specialized industrial niches rather than a broad collection of unrelated manufacturing businesses. Enerpac serves customers internationally through a network of offices and operations in multiple countries. Its products are generally sold to industrial customers, distributors, contractors, original-equipment manufacturers, and specialist service providers. The brand's positioning is based on safety, precision, load control, reliability, and productivity in demanding work environments where conventional mechanical tools may be inadequate. The company is active in markets requiring controlled force and movement, including heavy lifting, plant maintenance, structural assembly, energy infrastructure, and industrial repair. Enerpac Tool Group remains active as a listed company, while the precise composition of its current operating portfolio may change through subsequent acquisitions and divestitures.
History
Enerpac Tool Group traces its corporate history to 1910 and is headquartered in Wisconsin. The Enerpac business itself was founded in 1958 under the name Applied Power. Applied Power expanded through acquisitions and entered the public markets with an initial public offering in 1987, beginning NASDAQ trading. In 1988, it acquired Gardner Bender, an electrical-products business, and in 1989 it acquired Barry Wright Corporation. These transactions helped establish an industrial portfolio broader than hydraulic tools alone. In 2000, the company announced the separation of its electronics business as AWP, Ltd. The portfolio subsequently developed around specialized industrial platforms. In 2005, Actuant acquired Hedley Purvis and Hydratight Sweeney, creating the foundation of a joint-integrity platform focused on controlled bolting and related industrial maintenance applications. The company later expanded its international and marine-related activities through the acquisition of Viking Sea Tech in 2013. In 2015, Actuant acquired Hayes Industries Ltd. for approximately $31 million according to the reference material. Hayes Industries and Precision Sure-Lock were combined to create Precision-Hayes International. In 2016, Randy Baker became president and chief executive officer. That year the company also acquired Larzep SA and FourQuest MENAC. In 2017, it acquired Mirage Machines and sold Viking Sea Tech, illustrating the continuing movement of businesses into and out of the portfolio. In May 2018, Actuant acquired Equalizer International for $5.8 million, adding another specialist business associated with industrial tooling and bolting applications. A major corporate identity change occurred in 2019, when Actuant Corporation changed its name to Enerpac Tool Group. Following the change, the common stock began trading under the EPAC ticker on the New York Stock Exchange in October. The same period also brought a significant divestiture: the engineered components and systems segment was sold to One Rock Capital Partners and later renamed CentroMotion. The transaction helped narrow the group toward specialized industrial tools and related technologies. The company added the United Kingdom-based HTL Group in 2020. HTL's controlled-bolting sales and rental activities complemented Enerpac's existing joint-integrity capabilities. In 2021, Enerpac Tool Group announced Paul Sternlieb as president and chief executive officer. The group continued portfolio management in the following years. In 2023, it sold the Cortland Industrial business to Tufropes for $20 million, and in 2024 it acquired DTA The Smart Move for €24 million as reported in the reference material. In 2025, the headquarters moved to Milwaukee, Wisconsin. Enerpac Tool Group's principal identity is now associated with high-pressure hydraulics, controlled bolting, heavy lifting, load positioning, machine movement, and industrial maintenance. The company serves customers through international operations and offices, with the Enerpac brand supplying equipment ranging from hydraulic cylinders and pumps to computer-controlled lifting and positioning systems. A corporate history of the business, titled The Drive To Lead, was written by historian John Gurda in connection with the company's centennial period. The current company remains a public industrial group, although its exact portfolio is subject to continuing acquisitions, disposals, and organizational changes.
- 2024
DTA The Smart Move acquired
[1]The company acquired DTA The Smart Move.
- 2023
Cortland Industrial divested
[1]Enerpac Tool Group sold Cortland Industrial to Tufropes.
- 2020
HTL Group acquired
[1]The acquisition added a United Kingdom controlled-bolting sales and rental business.
- 2019
Actuant becomes Enerpac Tool Group
[1]The company adopted the Enerpac Tool Group name and began trading under the EPAC symbol later that year.
- 2005
Joint-integrity platform formed
[1]Acquisitions of Hedley Purvis and Hydratight Sweeney initiated the company's joint-integrity platform.
- 1987
Initial public offering
[1]Applied Power completed its initial public offering and began trading on NASDAQ.
- 1958
Applied Power established
[1]The Enerpac business was founded under the name Applied Power.
- 1910
Corporate origins
[1]The company's corporate history is traced to 1910.
Products and positioning
A specialized global industrial-tools provider focused on controlled force, high-pressure hydraulics, precision bolting, heavy lifting, load positioning, and joint integrity.
High-pressure hydraulics
Enerpac hydraulic cylinders and pumps
Enerpac supplies high-pressure hydraulic cylinders, pumps, power units, jacks, and related accessories for industrial lifting, maintenance, construction, assembly, and load-control applications. The range covers portable equipment as well as systems integrated into larger lifting and positioning projects. These products are used where controlled force, repeatable movement, and precise load handling are required.
Industrial bolting and joint integrity
Enerpac controlled bolting systems
The controlled-bolting portfolio includes hydraulic torque tools, tensioning equipment, pumps, and supporting systems for assembling and maintaining critical bolted joints. The products are intended for industrial environments in which torque accuracy, repeatability, operator safety, and documented tightening procedures are important, including energy, infrastructure, manufacturing, and heavy equipment applications.
Heavy lifting and load positioning
Enerpac heavy-lifting and positioning systems
Enerpac develops engineered lifting, lowering, shifting, and positioning solutions for large structures and machinery. Depending on the application, systems can combine multiple hydraulic points and computer-controlled synchronization to manage heavy loads with greater control than conventional manual methods. Typical uses include infrastructure construction, plant maintenance, industrial installation, and major equipment replacement.
Industrial maintenance tools
Enerpac portable machine equipment
The portable machine-equipment range supports on-site industrial maintenance and machining work. It is designed for field use where large components cannot easily be removed or transported to a workshop. The offering complements Enerpac's hydraulic and bolting tools by addressing repair, alignment, preparation, and maintenance tasks around heavy industrial assets.
Brand decisions
2023
Sale of Cortland IndustrialM&ABackground
Enerpac Tool Group continued to adjust its portfolio after earlier divestitures and the change to the Enerpac corporate identity.
Action taken
The company sold Cortland Industrial to Tufropes.
Aftermath
The transaction further concentrated the group on its remaining specialized industrial-tool and related businesses.
Reported transaction value. $20 million (2023)
2019
Corporate renaming and portfolio focusStrategyBackground
Actuant was repositioning the group around the Enerpac industrial-tools identity while disposing of its engineered components and systems segment.
Action taken
The company changed its name to Enerpac Tool Group, adopted the EPAC trading symbol, and sold the engineered components and systems segment to One Rock Capital Partners.
Aftermath
The divested business was renamed CentroMotion, while Enerpac Tool Group presented itself more clearly as a specialized industrial-tools company.
2000
Separation of the electronics businessStrategyBackground
Applied Power announced the spin-off of its electronics business segment.
Action taken
The electronics activities were separated into a business operating as AWP, Ltd.
Aftermath
The move reduced the direct scope of the operating portfolio and supported a greater emphasis on industrial businesses.
Recent events
Sources2 sources
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