A hydraulic power tool is provided including a rivet squeezer comprising two opposing surfaces, a hydraulic cylinder configured to move the surfaces between an open position and a compressed position, a hydraulic pump configured to provide hydraulic pressure to actuate the hydraulic cylinder in a first direction, and an air tank configured to provide pneumatic pressure to actuate the hydraulic cylinder in a second direction. Actuation of the hydraulic cylinder in the first direction causes the surfaces to move from the open position to the compressed position and actuation of the hydraulic cylinder in the second direction causes the surfaces to move from the compressed position to the open position.