Enerpac Tool Group Corp. (NYSE:EPAC) is looking for M&A. During the company?s fourth quarter earnings conference call, Paul Sternlieb, President and Chief Executive Officer said that ?We are in the process of rolling this out through existing as well as new distributor channel in Asia Pacific. Beyond these opportunities for organic growth, we are pursuing an M&A strategy focused on solving customer needs within our targeted vertical markets, while staying true to our mission of helping customers to execute complex, often hazardous jobs safely and efficiently.

We have a disciplined approach with strict criteria for financial returns and strategic fit?. ?We recently recruited a highly experienced Head of Corporate Development to lead our M&A program and coordinate the identification, cultivation, analysis, acquisition and integration of companies to create value for our shareholders. With a dedicated leader for this important element of Enerpac's growth now on board, our M&A pipeline has grown more comprehensive and robust, and we are excited about the opportunities that we are evaluating?.

Anthony Colucci, Chief Financial Officer said that ?As we have discussed, our strong liquidity and balance sheet support our capital allocation priorities, including internal investments to drive our organic growth, also to execute on our ASCEND transformation program, along with opportunistic share repurchases and the capacity to pursue strategic acquisitions?.