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Enerpac was founded in 1958 under the name Applied Power.
Applied Power made its initial public offering and began trading on NASDAQ in 1987. The following year, Applied Power acquired Gardner Bender from Gardner family
In 1989, Applied Power acquired Barry Wright Corporation
In 2000, the company announced the spin-off of its electronics business segment, doing business as AWP, Ltd.
In 2005, Actuant acquired Hedley Purvis and Hydratight Sweeney - initiating the Joint Integrity platform.
In 2010, historian John Gurda authored “The Drive To Lead”, a history of Actuant that celebrated the company's 100th anniversary.
In 2013, the company acquired Viking Sea Tech
In 2015, Hayes Industries, Ltd was acquired for nearly 31 million US dollars. Hayes Industries, Ltd. and Precision Sure-Lock are combined to form Precision-Hayes International.
In 2016, Randy Baker becomes President and CEO of Actuant Corporation That same year, Larzep SA and FourQuest MENAC were acquired.
In 2017, Actuant acquired Mirage Machines and sold Viking SeaTech.
The company acquired Equalizer International for $5.8 million in May 2018.
The company changed its name from Actuant to Enerpac Tool Group in 2019. Following the name change in October of that year, the company began trading under a new stock ticker symbol, EPAC. In 2019, Enerpac also sold its engineered components and systems segment to One Rock Capital, who renamed the division CentroMotion.
In 2020, Enerpac Tool Group acquired controlled bolting sales and rental company HTL Group, UK
In 2021, Enerpac Tool Group announced Paul Sternlieb as the CEO and President
The company sold its Cortland Industrial business in 2023 to Tufropes, a Toronto-based company, for $20 million.
In 2024, Enerpac Tool Group acquired DTA The Smart Move for €24 million.
In 2025, Enerpac Tool Group moved their headquarters to Milwaukee, Wisconsin.