M&A Deal Summary

Enerpac Tool Group Acquires Hydratight Sweeney

On April 13, 2005, Enerpac Tool Group acquired manufacturer Hydratight Sweeney from Dover for 93M USD

Acquisition Highlights
  • This is Enerpac Tool Group’s 1st transaction in the Manufacturing sector.
  • This is Enerpac Tool Group’s 6th largest (disclosed) transaction.
  • This is Enerpac Tool Group’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2005-04-13
Target Hydratight Sweeney
Sector Manufacturing
Buyer(s) Enerpac Tool Group
Sellers(s) Dover
Deal Type Divestiture
Deal Value 93M USD

Target

Hydratight Sweeney

Birmingham, United Kingdom
Hydratight Sweeney is a manufacturer and delivers bolting products and services to the oil & gas, power generation, industrial, and other end-user markets.

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Buyer(S) 1

Buyer

Enerpac Tool Group

Menomonee Falls, Wisconsin, United States

website

Category Company
Founded 1910
Sector Machinery
Employees2,200
Revenue 571M USD (2022)
DESCRIPTION
Entrance to Actuant's corporate headquarters in Menomonee Falls, Wisconsin.
Entrance to Actuant's corporate headquarters in Menomonee Falls, Wisconsin.

Enerpac Tool Group is a premier industrial tools and services company serving a broad and diverse set of customers in more than 90 countries. Enerpac Tool Group businesses are in high-pressure hydraulic tools, controlled force products and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. Enerpac Tool Group was founded in 1910 and is based in Menomonee Falls, Wisconsin.

DEAL STATS #
Overall 6 of 28
Sector (Manufacturing) 1 of 5
Type (Divestiture) 1 of 3
Country (United Kingdom) 2 of 7
Year (2005) 2 of 4
Size (of disclosed) 6 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-20 Hedley Purvis Holdings

Morpeth, United Kingdom

Hedley Purvis Holdings Ltd. is a designer and manufacturer of products for the bolting market, including torque wrenches, multipliers, tensioners, and pumps.

Buy $28M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-17 Hydratight

Darlaston, United Kingdom

Hydratight Ltd. is a manufacturer of coupling systems for specialised applications in heavy engineering machinery in oil exploration and power generation.

Buy -

Seller(S) 1

SELLER

Dover

Downers Grove, Illinois, United States

website

Category Company
Founded 1947
Sector Machinery
Employees25,000
Revenue 8.5B USD (2022)
DESCRIPTION
Dover's corporate headquarters in Downers Grove, Illinois.
Dover's corporate headquarters in Downers Grove, Illinois.

Dover is a diversified manufacturer of industrial products. Dover delivers innovative equipment and components, specialty systems and support services through four major operating segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. Dover was founded in 1947 and is based in Downers Grove, Illinois.

DEAL STATS #
Overall 5 of 27
Sector (Manufacturing) 2 of 2
Type (Divestiture) 5 of 23
Country (United Kingdom) 1 of 1
Year (2005) 1 of 2
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-18 Avborne Accessory Group

Miami, Florida, United States

AAR is a provider of diverse products and services to the worldwide commercial aviation and government/defense industries. AAR combines a close-to-the-customer business model with a broad range of capabilities to help customers operate more efficiently, lower costs and maintain high levels of quality, safety and service.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-08 C-Tech Energy Services

Edmonton, Alberta, Canada

C-Tech Energy Services, Inc. is a supplier of continuous rod technology for oil and gas production and other upstream oil and gas equipment.

Buy -
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