M&A Deal Summary

Enerpac Tool Group Acquires FourQuest Energy - MENAC

On March 30, 2016, Enerpac Tool Group acquired energy services and equipment company FourQuest Energy - MENAC from FourQuest Energy for 60M USD

Acquisition Highlights
  • This is Enerpac Tool Group’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Enerpac Tool Group’s 8th largest (disclosed) transaction.
  • This is Enerpac Tool Group’s 1st transaction in United Arab Emirates.

M&A Deal Summary

Date 2016-03-30
Target FourQuest Energy - MENAC
Sector Energy Services and Equipment
Buyer(s) Enerpac Tool Group
Sellers(s) FourQuest Energy
Deal Type Divestiture
Deal Value 60M USD

Target

FourQuest Energy - MENAC

Dubai, United Arab Emirates
FourQuest Energy - MENAC is a provider of industrial services and equipment from engineering, chemical cleaning, hydro-testing, oil flushing, air / steam blowing, nitrogen / helium leak testing services and full pipeline pre-commissioning services.

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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 26 of 28
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 2 of 3
Country (United Arab Emirates) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 8 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-16 Actuant - RV business

United States

Actuant - RV business manufactures leveling systems, slideout mechanisms and steps, primarily for motorhome RVs, under the Power Gear® and Kwikee® brands.

Sell $36M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 BH Electronics

Munford, Tennessee, United States

BH Electronics, Inc. is a major designer, engineer and manufacturer of custom thermoformed dash panel assemblies, center consoles and trim panels, complete electrical systems, including wiring harnesses, AC panels, circuit breakers and battery boxes, and related components and parts. BHE operates out of five facilities strategically located throughout the Southeast that service many of the leading recreational boat manufacturers in the U.S.

Sell $35M

Seller(S) 1

SELLER

FourQuest Energy

Edmonton, Alberta, Canada

website


Category Company
Founded 2008
Sector Energy Services and Equipment
DESCRIPTION

FourQuest Energy provides a safe, quality services to the energy industry and focusing on the needs of our clients. A thorough understanding of our customers, their processes, and the problems they face is key to our accurate and thoughtful problem solving. FourQuest Energy was founded in 2008 and is based in Edmonton, Alberta.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (United Arab Emirates) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 BEST

Merrimack, New Hampshire, United States

BEST is a provider of an engineering expertise, specialized equipment, and field services to commission or transition large-scale energy construction projects from a post-construction state to a functional operating plant. BEST was founded in 1993 and is based in Merrimack, New Hampshire.

Buy -