M&A Deal Summary

Enerpac Tool Group Acquires Actown-Electrocoil

On August 17, 2006, Enerpac Tool Group acquired electrical equipment company Actown-Electrocoil from North American Funds for 24M USD

Acquisition Highlights
  • This is Enerpac Tool Group’s 4th transaction in the Electrical Equipment sector.
  • This is Enerpac Tool Group’s 15th largest (disclosed) transaction.
  • This is Enerpac Tool Group’s 6th transaction in the United States.
  • This is Enerpac Tool Group’s 2nd transaction in Illinois.

M&A Deal Summary

Date 2006-08-17
Target Actown-Electrocoil
Sector Electrical Equipment
Buyer(s) Enerpac Tool Group
Sellers(s) North American Funds
Deal Type Add-on Acquisition
Deal Value 24M USD

Target

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.

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Buyer(S) 1

Buyer

Enerpac Tool Group

Menomonee Falls, Wisconsin, United States

Category Company
Founded 1910
Sector Machinery
Employees2,100
Revenue 598M USD (2023)
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 11 of 29
Sector (Electrical Equipment) 4 of 6
Type (Add-on Acquisition) 10 of 26
State (Illinois) 2 of 2
Country (United States) 6 of 11
Year (2006) 3 of 4
Size (of disclosed) 15 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-28 Precision Sure-Lock

Seagoville, Texas, United States

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.

Buy $43M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-08 Kwikee

Peoria, Illinois, United States

Kwikee is a management and distribution platform ensuring end-to-end content management: Creation, DAM, PIM, Syndication, Analytics & Reporting, all on a unified global platform. Kwikee was founded in 1969 and is based in Peoria, Illinois.

Sell -

Seller(S) 1

SELLER

North American Funds

Chicago, Illinois, United States

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

North American Funds LLC (Formerly North American Business Development Companies LLC) are a collection of investment vehicles focused on acquiring or making significant investments in smaller and lower middle-market growth-oriented companies. North American targets profitable companies generating sales of $5 to $40 million and EBITDA of $500K to $5 million. Sectors of interest include manufacturing, food/beverage, medical services, consumer products/services, distribution, business services, education, and financial services. The fund partnerships are managed by the North American Business Development Companies. North American Funds was formed in 1989 and maintains offices in Chicago, Illinois and Fort Lauderdale, Florida.


DEAL STATS #
Overall 6 of 7
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Illinois) 3 of 3
Country (United States) 6 of 7
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-12 J&B Meats

Coal Valley, Illinois, United States

J&B Meats Corporation manufactures meats products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-01 Valley Meats

Coal Valley, Illinois, United States

Valley Meats is a mid-sized meat processor and packer that specialize in selling to three major segments in the food industry; Retail, Food Service, and Military. Valley Meats is based in Coal Valley, Illinois.

Buy -