Enerpac Tool Group Bundle
Who Owns Enerpac Tool Group?
Understanding who owns a company is key to grasping its strategic direction and market standing. Enerpac Tool Group Corp.'s journey from Actuant Corporation in 2019 marked a significant pivot towards its core industrial tools and services.
Enerpac Tool Group Corp., established in 1910 and based in Menomonee Falls, Wisconsin, is a global leader in high-pressure hydraulic tools and controlled force solutions. The company is renowned for its innovative products, including its specialized hydraulic cylinders used in heavy lifting applications, serving critical sectors like construction and energy.
Who owns Enerpac Tool Group Company?
Who Founded Enerpac Tool Group?
Enerpac Tool Group Corp.'s origins date back to 1910, though its current identity emerged in 2019. The company's foundational roots are tied to Applied Power, established in 1958. The initial founders of the company in 1910 were Leo Bethke, Frank Lueck, and Charles Krause.
Founding Year
The company was originally founded in 1910, marking over a century of operation.
Original Founders
Leo Bethke, Frank Lueck, and Charles Krause were the initial founders of the company.
Evolution to Applied Power
The company's lineage traces through Applied Power, which was founded in 1958.
Initial Public Offering (IPO)
The company went public in 1987, trading on NASDAQ under the Applied Power name.
Early Ownership Details
Specifics on initial equity splits or shareholding percentages from 1910 are not widely documented.
Current Identity
The company adopted its current name, Enerpac Tool Group, in 2019.
Detailed information regarding the initial equity distribution or the specific ownership percentages held by the founders Leo Bethke, Frank Lueck, and Charles Krause at the company's inception in 1910 is not readily available in public records. Similarly, early backers, angel investors, or specific contractual agreements such as vesting schedules or buy-sell clauses from the company's nascent stages are not detailed in the provided historical context. The company's transition to a publicly traded entity occurred in 1987 when it initiated its initial public offering (IPO) and began trading on NASDAQ under the name Applied Power. This marked a significant shift in its ownership structure, moving towards broader public participation. For a more in-depth look at the company's historical trajectory, one can refer to the Brief History of Enerpac Tool Group.
Key Milestones in Early Ownership
The early ownership of the company is characterized by its founding by three individuals and its subsequent evolution through different corporate structures.
- Founding in 1910 by Leo Bethke, Frank Lueck, and Charles Krause.
- Establishment of Applied Power in 1958, a precursor to the current entity.
- Initial Public Offering (IPO) in 1987, leading to public trading on NASDAQ.
- Adoption of the Enerpac Tool Group name in 2019, reflecting its current operational identity.
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How Has Enerpac Tool Group’s Ownership Changed Over Time?
Enerpac Tool Group, formerly Actuant Corporation, transitioned to its current name and ticker symbol (EPAC) in January 2020, marking a significant step in its strategic refocusing. This evolution has shaped its current ownership landscape, moving towards a more streamlined, pure-play industrial tools and services entity.
| Shareholder Type | Percentage of Ownership | Number of Shares |
|---|---|---|
| Institutional Investors | Approximately 69.92% | N/A |
| Insiders | Approximately 1.37% | N/A |
| Public Companies and Individual Investors | Approximately 28.72% | N/A |
The ownership of Enerpac Tool Group (EPAC) is predominantly held by institutional investors, reflecting broad market confidence in the company's strategic direction. As of October 14, 2024, there were 54,194,247 shares of Class A Common Stock outstanding, with institutional holdings representing a substantial portion of this total.
Major Enerpac Tool Group Shareholders
Key institutional investors play a significant role in Enerpac Tool Group's ownership structure. These entities manage large portfolios and their investment decisions can influence company direction.
- Vanguard Fiduciary Trust Co. holds 11.02% (5,993,635 shares).
- Kayne Anderson Rudnick Investment Management LLC holds 9.365% (5,094,430 shares).
- Capital Research & Management Co. (International Investors) holds 7.991% (4,347,380 shares).
- LB Hercules Holdings LLC holds 6.086% (3,310,897 shares).
- Other notable holders include State Street Corp. (4.23%) and SEI Investments Co. (0.48%).
- The majority of shareholders, approximately 91.2%, are based in the US.
Enerpac Tool Group's financial health is underscored by its robust balance sheet, evidenced by a net debt to adjusted EBITDA ratio of 0.4x as of May 31, 2025. This financial stability supports its ongoing operations and strategic initiatives, contributing to its appeal among investors. Understanding the Revenue Streams & Business Model of Enerpac Tool Group provides further context on the company's market position and operational strategy.
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Who Sits on Enerpac Tool Group’s Board?
The Board of Directors at Enerpac Tool Group Corp. oversees the company's governance. The upcoming Annual Meeting of Shareholders on February 6, 2025, will involve the election of ten directors, as detailed in the proxy statement expected around December 18, 2024. Paul Sternlieb currently holds the positions of President and CEO.
| Board Member Role | Key Responsibilities | Shareholder Representation |
|---|---|---|
| President and CEO | Overall company leadership and strategy | Not specified |
| Directors (10 total) | Oversight of management, corporate governance | Details on representation of major shareholders, founders, or independent seats are not publicly available in the provided search results. |
The voting power for Enerpac Tool Group's common stock generally follows the standard one-share-one-vote principle, common for companies listed on the NYSE. Shareholders have previously approved significant corporate changes, such as the name change from Actuant Corporation to Enerpac Tool Group Corp. in January 2020. There is no indication of dual-class shares, special voting rights, or recent activist campaigns significantly altering the company's decision-making structure.
Understanding Board Influence
The composition and decisions of the board are crucial for understanding Enerpac Tool Group ownership. While specific shareholder representation on the board isn't detailed, the one-share-one-vote system means larger shareholders typically have more influence.
- Board oversees company governance.
- Ten directors are up for election in February 2025.
- Paul Sternlieb is the current President and CEO.
- Voting is based on a one-share-one-vote principle.
- No dual-class shares or special voting rights are indicated.
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What Recent Changes Have Shaped Enerpac Tool Group’s Ownership Landscape?
Over the past few years, Enerpac Tool Group has undergone significant changes, including a rebranding and active capital allocation strategies that influence its ownership. These developments are key to understanding the current Enerpac Tool Group ownership structure.
| Development | Date | Impact on Ownership |
|---|---|---|
| Rebranding from Actuant Corporation to Enerpac Tool Group Corp. | January 2020 | Signified strategic focus, potentially attracting investors aligned with new direction. |
| Share Repurchases (FY2024) | FY2024 | Approximately 1.3 million shares repurchased for $38 million, reducing outstanding shares and potentially increasing ownership percentage for remaining shareholders. |
| Share Repurchases (Q1 FY2025) | Ending November 30, 2024 | Approximately 110,000 shares repurchased for $4.4 million. |
| Share Repurchases (Q2 FY2025) | Ending February 28, 2025 | Approximately 220,000 shares repurchased for $10.2 million. |
| Share Repurchases (Q3 FY2025) | Ending May 31, 2025 | Approximately 330,000 shares repurchased for $14.0 million. |
| Acquisition of DTA | September 4, 2024 | Expands product line, expected to contribute 3% to 6% net sales growth in FY2025, potentially increasing company valuation and investor interest. |
The company's strategic capital deployment, particularly through share buybacks, is a notable trend affecting its ownership. These actions reduce the number of outstanding shares, which can concentrate ownership among remaining shareholders and potentially boost earnings per share. The acquisition of DTA also signals a growth-oriented strategy, which could attract investors looking for companies with expansion potential. Understanding the Target Market of Enerpac Tool Group can also provide context for investor interest.
Shareholder Value Focus
Enerpac Tool Group actively returns capital to shareholders through share repurchases. This strategy aims to enhance shareholder value by reducing the number of outstanding shares.
Strategic Growth Initiatives
The acquisition of DTA demonstrates a commitment to expanding its product offerings and market reach. This move is projected to contribute to sales growth in the upcoming fiscal year.
Leadership and Operations
Paul Sternlieb continues to lead as President and CEO. The company has also relocated its headquarters to downtown Milwaukee, indicating operational adjustments.
Ownership Trends
Like many publicly traded entities, Enerpac Tool Group likely sees significant institutional ownership. The company projects fiscal 2025 net sales between $610 million and $625 million.
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