Clarkston Capital Amends Enerpac Tool Group Stake (5th Update)

TL;DR

**Clarkston Capital just updated their passive stake in Enerpac Tool Group, showing continued interest.**

AI Summary

Clarkston Capital Partners, LLC, along with its group members including Gerald W. Hakala and Jeffrey A. Hakala, filed an amended Schedule 13G/A on February 12, 2024, indicating their ownership in Enerpac Tool Group Corp. as of December 31, 2023. This amendment, the fifth for this group, updates their passive investment position in Enerpac's Class A Common Stock. This matters to investors because it shows a significant institutional holder's continued, albeit passive, interest in the company, which can influence market perception and stability.

Why It Matters

This filing confirms a major institutional investor's updated ownership in Enerpac Tool Group, providing transparency on who holds significant sway over the company's stock. It signals continued passive investment, which can be a vote of confidence.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a passive investor, indicating no immediate change in strategy or significant risk.

Analyst Insight

An investor should note that a significant institutional holder, Clarkston Capital Partners, LLC, continues to maintain a passive stake in Enerpac Tool Group Corp. This suggests no immediate activist intentions but confirms ongoing institutional interest, which can be a positive signal for long-term stability.

Key Players & Entities

• Clarkston Capital Partners, LLC (company) — filing entity and group member
• Enerpac Tool Group Corp. (company) — subject company of the filing
• Gerald W. Hakala (person) — group member of the filing entity
• Jeffrey A. Hakala (person) — group member of the filing entity
• Jeremy J. Modell (person) — group member of the filing entity
• Modell Capital LLC (company) — group member of the filing entity
• Clarkston Companies, Inc. (company) — group member of the filing entity

FAQ

Key Financial Figures

• $0.20 — ties: Class A Common Stock, par value $0.20 per share Item 2(e). CUSIP Number:

Filing Documents

• sc13ga5enerpactool.htm (SC 13G/A) — 153KB
• 0000905729-24-000035.txt ( ) — 155KB

(a)

Item 1(a). Name of Issuer: Enerpac Tool Group Corp. (the “Issuer”)

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: N86 W12500 Westbrook Crossing, Menomonee Falls, WI 53051

(a)

Item 2(a). Name of Person Filing: This Schedule 13G/A is filed jointly pursuant to that certain Joint Filing Agreement filed herewith as Exhibit 99.1 by: (1) Clarkston Capital Partners, LLC (“CCP”) (2) Clarkston Companies, Inc. (“CC”) (3) Modell Capital LLC (“MC”) (4) Jeffrey A. Hakala (5) Gerald W. Hakala (6) Jeremy J. Modell

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 91 West Long Lake Road, Bloomfield Hills, MI 48304

(c)

Item 2(c). Citizenship: CCP and MC are Michigan limited liability companies. CC is a Michigan corporation. Jeffrey A. Hakala, Gerald W. Hakala, and Jeremy J. Modell (the “Individual Reporting Persons”) are citizens of the United States of America.

(d)

Item 2(d). Title of Class of Securities: Class A Common Stock, par value $0.20 per share

(e)

Item 2(e). CUSIP Number: 00508X203 Page 8 of 13 Item 3. If this Statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with §240.13d-1(b)(1)(ii)(K). Item 4. CCP is an investment adviser. Collectively, the securities reported in this Schedule 13G/A are held in the accounts of CCP’s discretionary clients or in an account over which a control person of CCP has beneficial ownership. The sole members of CCP are CC and MC. The sole owners of CC are Jeffrey A. Hakala and Gerald W. Hakala. The sole member of MC is the Jeremy J. Modell Revocable Living Trust. (a) Amount Beneficially Owned: CCP is the beneficial owner of 0 shares of Common Stock; CC is the beneficial owner of 0 shares of Common Stock; MC is the beneficial owner of 0 shares of Common Stock; Jeffrey A. Hakala is the beneficial owner of 0 shares of Common Stock; Gerald W.

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View this SC 13G/A filing on SEC EDGAR