M&A Deal Summary

Enerpac Tool Group Acquires Precision Sure-Lock

On April 28, 2006, Enerpac Tool Group acquired manufacturer Precision Sure-Lock from Argenta Partners for 43M USD

Acquisition Highlights
  • This is Enerpac Tool Group’s 2nd transaction in the Manufacturing sector.
  • This is Enerpac Tool Group’s 10th largest (disclosed) transaction.
  • This is Enerpac Tool Group’s 5th transaction in the United States.
  • This is Enerpac Tool Group’s 1st transaction in Texas.

M&A Deal Summary

Date 2006-04-28
Target Precision Sure-Lock
Sector Manufacturing
Buyer(s) Enerpac Tool Group
Sellers(s) Argenta Partners
Deal Type Add-on Acquisition
Deal Value 43M USD
Advisor(s) Prestwick Partners LLC (Financial)

Target

Precision Sure-Lock

Seagoville, Texas, United States
website
Precision Sure-Lock, Inc. is a manufactured steel anchorage products used to hold cables in post-tension and pre-stressed concrete construction and sold other related products. Precision was the dominant domestic supplier of one-time use wedges which were used in residential and commercial post-tension slabs.

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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 10 of 28
Sector (Manufacturing) 2 of 5
Type (Add-on Acquisition) 9 of 25
State (Texas) 1 of 2
Country (United States) 5 of 11
Year (2006) 2 of 4
Size (of disclosed) 10 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-21 D.L. Ricci

Red Wing, Minnesota, United States

D.L. Ricci Corp. is a portable machining equipment and providing industrial field services. D.L. Ricci's products and field services serve nuclear and fossil-fueled power plants, refineries, chemical plants, offshore drilling rigs, mines and other heavy industrial facilities primarily in North America.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-17 Actown-Electrocoil

Spring Grove, Illinois, United States

Actown-Electrocoil, Inc. is a manufacturer of custom electromagnetic devices (transformers, industrial coils, inductors) for a diverse base of blue-chip customers. Also produces a proprietary line of products for the outdoor signage market.

Buy $24M

Seller(S) 1

SELLER

Argenta Partners

Dallas, Texas, United States

Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Argenta Partners is a private equity group that acquires controlling equity stakes in growth-oriented, mid-sized companies. Argenta will consider a variety of transaction situations; including, recapitalizations, buyouts, divestitures, and consolidations. Broad sectors of interest include manufacturing, service, transportation, and value-added distribution. Prospective companies generally have revenues of $10 to $125 million and EBITDA of at least $2 million. The Firm avoids investing in businesses with rapidly changing technology; or in retail, banking, real estate or commodity businesses. Argenta Partners was formerly known as Lynch Investment Company. The Firm was established in 1989 and is based in Dallas, Texas.


DEAL STATS #
Overall 2 of 4
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Texas) 1 of 2
Country (United States) 2 of 4
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-01 Tewa Moulding

Albuquerque, New Mexico, United States

Founded in 1955, Tewa Wood Products is one of the largest and most technically advanced manufacturers of high quality, small-pattern solid wood moldings. Based in Albuquerque, New Mexico, Tewa's products are used by builders, interior designers, architects, and do-it-yourself homeowners for enhancing walls, windows, floors, doorways, and fireplaces.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 Westcon

Bismarck, North Dakota, United States

Westcon, Inc., is a provides a comprehensive range of construction services to large industrial processing facilities throughout the United States. The company specializes in large-scale construction solutions for a diverse mix of clients.

Buy -