M&A Deal Summary

Enerpac Tool Group Acquires Key Components

On November 18, 2004, Enerpac Tool Group acquired electrical equipment company Key Components from Kelso for 315M USD

Acquisition Highlights
  • This is Enerpac Tool Group’s 2nd transaction in the Electrical Equipment sector.
  • This is Enerpac Tool Group’s largest (disclosed) transaction.
  • This is Enerpac Tool Group’s 3rd transaction in the United States.
  • This is Enerpac Tool Group’s 1st transaction in New York.

M&A Deal Summary

Date 2004-11-18
Target Key Components
Sector Electrical Equipment
Buyer(s) Enerpac Tool Group
Sellers(s) Kelso
Deal Type Add-on Acquisition
Deal Value 315M USD

Target

Key Components

Tarrytown, New York, United States
Key Components, Inc. is a manufacturer of custom engineered products for a diverse array of end-user markets.

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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 4 of 29
Sector (Electrical Equipment) 2 of 6
Type (Add-on Acquisition) 4 of 26
State (New York) 1 of 2
Country (United States) 3 of 11
Year (2004) 1 of 1
Size (of disclosed) 1 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-03 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.

Buy -
FOLLOWING 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

Seller(S) 1

SELLER

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 3 of 53
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 24
State (New York) 1 of 6
Country (United States) 3 of 46
Year (2004) 2 of 2
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-21 Optigas

Denver, Colorado, United States

Optigas, Inc. gathers, processes, and markets natural gas in Colorado. The company engages in the ownership, operation, and installation of pipeline, compression, and processing facilities to move natural gas from the wellhead to the intrastate or interstate natural gas pipeline infrastructure. Optigas, Inc. acquired by Ceritas Energy LLC in March 2006.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Wilton Re Holdings

Norwalk, Connecticut, United States

Wilton Re Holdings Limited provides traditional life reinsurance and insurance Run Off Solutions through its wholly owned operating subsidiaries, Wilton Reassurance Company, Wilton Reinsurance Bermuda Limited, and Wilton Reassurance Life Company of New York.

Buy -