ENERPAC TOOL GROUP Business Summary

Enerpac Tool Group Corp. (EPAC) is a premier pure-play industrial tools and services provider that generates revenue through the design, manufacture, and distribution of high-precision hydraulic tools, controlled-force products, and heavy lifting solutions. The company operates primarily through its Industrial Tools & Service (IT&S) segment, which serves diverse end markets including infrastructure, power generation, and oil & gas via a global distribution network and direct service offerings such as tool rentals and joint integrity maintenance. A smaller but high-growth segment, Cortland Biomedical, provides advanced textile structures for the medical device industry. Enerpac maintains a dominant market position as a top-two global leader in the high-pressure hydraulic tools category (>10,000 psi), competing directly with SPX FLOW (Power Team), HYTORC, Hi-Force, and Atlas Copco by leveraging a premium brand strategy focused on safety-certified, high-margin solutions. Originally founded in 1910, the company is currently led by President and CEO Paul E. Sternlieb, who joined in 2021 with a pedigree including executive roles at JBT Corporation, Illinois Tool Works, and Danaher, as well as a background at McKinsey & Company. The leadership team was further strengthened in late 2024 and 2025 with the appointments of CFO Darren M. Kozik, formerly of ManpowerGroup and GE, and EVP of Operations Eric Chack, a former Marine Corps officer with operations experience at Mohawk Industries and Briggs & Stratton. General Counsel Noah N. Popp, previously of JBT Marel, joined in mid-2025 to oversee legal and M&A strategy. The company is governed by an eight-member board chaired by E. James Ferland and is backed by significant institutional investors, including Kayne Anderson Rudnick and Invesco, reflecting a high institutional ownership rate exceeding 97%.