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.
History
In 2010, historian
John Gurda
John Gurda (born 9 June 1947 in Milwaukee, Wisconsin) is an American writer and historian.
Gurda's book, '' The Making of Milwaukee'', was turned into an Emmy Award-winning documentary series by Milwaukee PBS. He is an eight-time winner of the Wi ...
authored “The Drive To Lead”, a history of Actuant that celebrated the company's 100th anniversary.
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
The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...
1988 Applied Power acquires Gardner Bender from Gardner family
1989 Applied Power acquires Barry Wright Corporation
1992 Applied Power common stock trading moves to the
NYSE
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
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.
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
In finance, a convertible bond, convertible note, or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock in ...
offering.
2005 Actuant acquires Hedley Purvis and Hydratight Sweeney - initiating the Joint Integrity platform. 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.
2010 CEO Arzbaecher talks with
CNBC
CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Day ...
.
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
2014 Mark Goldstein becomes President and CEO of Actuant Corporation
2015 Acquisition of Hayes Industries, Ltd for nearly 31 million US dollars. 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.
The company acquired Equalizer International for $5.8 million in May 2018.
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 announced Paul Sternlieb as the CEO and President
Awards and recognition
* The Robert W. Baird Outstanding Achievement Award in Employee Giving
* ''Forbes'' 400 Best Big Companies
* ''BusinessWeek'' Top 100 "Hot Growth Company"
* ''Investor's Business Daily'': "Actuant Corp. Milwaukee, Wisconsin; Manufacturer is a switch-hitter on growth"
* ''Investor's Business Daily'': "Actuant Seeks Out Niches To Make it Big Fish in Pond"
* ''Milwaukee Business Journal'': "Andy Lampereur named CFO of the Year"
References
{{Authority control
Companies listed on the New York Stock Exchange
Companies based in Wisconsin
Conglomerate companies of the United States