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273:), is a Fortune 1000 American manufacturer of backup power generation products for residential, light commercial and industrial markets. Generac's power systems range in output from 800 watts to 9 megawatts, and are available through independent dealers, retailers and wholesalers. Generac is headquartered in
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As the partnership grew between the two companies, they discussed a potential acquisition of
Generac by Caterpillar, although a deal was never finalized. In June 1996, Caterpillar decided to terminate the private labeling agreement. Generac then sued Caterpillar under the Wisconsin Fair Dealership
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Generac manufactures gasoline-fueled, diesel-fueled and bi-fuel engine-driven power generation equipment, modular paralleling systems, automatic transfer switches and small engines. The company supplies products to the industrial, commercial, and portable generator markets through many different
333:, the Wisconsin common law concerning restrictive covenants, and the Illinois Consumer Fraud and Deceptive Business Practices Act. The federal district court, in two separate orders, disposed of the action in Caterpillar's favor. Generac then challenged the lower court's rulings in the
412:
In
December 2009, Generac introduced Generac Industrial Power (a rebranding of its industrial products division) to include new engines, new enclosures, ergonomic changes and aesthetic changes. This included a partnership with
313:
brand. During the 1970s, Generac expanded its offerings in the portable and recreational vehicle markets, and in the 1980s the company entered the commercial and industrial markets with its backup power generation systems.
359:
and trade name impairment charge, of $ 583.5 million against their purchase of
Generac. Aaron Jagdfeld was appointed president and chief executive officer in September, 2008 and is the current CEO.
337:, which ruled that Generac's claims were properly dismissed by the lower court. Generac continued to supply some transfer switches to Caterpillar until 2002, when Caterpillar changed suppliers.
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Generac was honored with the 2014 Natural Gas
Generator Company of the Year Award from Frost & Sullivan for its contribution to the North American natural gas generator set industry.
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By end of the 1980s, the company was manufacturing residential, commercial and industrial generators, and in 1989, Generac introduced the first gaseous-fueled automatic home
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under the ticker symbol GNRC. The initial public offering provided $ 224 million in net proceeds, which were used to pay down debt.
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348:. Upon expiration of a non-compete agreement related to the sale in 2007, Generac re-entered the portable generator market in 2008.
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Generac
Industrial Power, Fiat Powertrain Technologies Announce Strategic Partnership for Diesel Engines Supply | Business Wire
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On
February 11, 2010, Generac Holdings Inc. (NYSE: GNRC), parent company of Generac Power Systems, Inc., began trading on the
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Founded by Robert Kern in 1959, the company soon began producing portable generators for
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Generac's industrial sizing application, Power Design Pro, received silver in the 2010
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to supply
Generac with industrial diesel engines for use in industrial generators.
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for its
Guardian Series home standby generators and several portable generators.
733:"GENERAC POWER SYSTEMS EARNS FROST & SULLIVAN'S COMPANY OF THE YEAR AWARD"
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In 1998, Generac sold its portable products division to the Beacon group, a
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of New York. In 2009 CCMP took a write-off, described as a non-cash
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491:"Hurricane Sandy puts Wisconsin generator makers into overdrive"
432:
548:"Generac Holdings Inc (GNRC.N) Company Profile – Reuters.com"
531:. U.S. Securities and Exchange Commission. February 21, 2024.
626:"United States Court of Appeals, Seventh Circuit No.97-1404"
591:
American Bar
Association. Section of Antitrust Law (1999).
383:’s “Best Places to Work” award for Southeastern Wisconsin.
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In 1992, Generac began private labeling generator sets for
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651:"GENERAC HOLDINGS INC. - FORM S-1/A - January 25, 2010"
597:. Section of Antitrust Law, American Bar Association.
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711:"Generac Power Systems Earns Good Housekeeping Seal"
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713:. Rental Equipment Register magazine. May 15, 2009
462:"Generac to add over 400 jobs at Wisconsin plants"
444:Generac workers get a holiday surprise – JSOnline
811:Companies listed on the New York Stock Exchange
594:Annual review of ... antitrust law developments
8:
678:"Generac named among top workplaces in area"
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487:according to more recent publication:
277:, and has manufacturing facilities in
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768:Business data for Generac Holdings:
581:2010 Generac Holdings Annual report
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346:Briggs & Stratton Corporation
335:U.S. 7th Circuit Court of Appeals
529:"2023 Annual Report (Form 10-K)"
433:Generac Power Systems – About Us
393:The company has also earned the
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489:Jeff Engel (October 29, 2012),
460:Tom Daykin (November 7, 2011),
265:(derived from a combination of
676:Budde, Andrea (May 30, 2012).
1:
831:2010 initial public offerings
735:. Generac Power Systems, Inc.
390:"Product of the Year" award.
816:Companies based in Wisconsin
415:Fiat Powertrain Technologies
344:firm, who later sold it to
100:; 65 years ago
16:American industrial company
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496:Milwaukee Business Journal
467:Milwaukee Journal Sentinel
379:Generac is a recipient of
261:, commonly referred to as
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35:
25:Générac (disambiguation)
483:HQ may now be based in
369:New York Stock Exchange
228:US$ 2.34 billion (2023)
211:US$ 5.09 billion (2023)
160:US$ 4.02 billion (2023)
395:Good Housekeeping Seal
307:Sears, Roebuck and Co.
194:US$ 217 million (2023)
177:US$ 386 million (2023)
680:. Living Lake Country
331:Sherman Antitrust Act
259:Generac Holdings Inc.
31:Generac Holdings Inc.
297:; all in Wisconsin.
139:Aaron Jagdfeld (CEO)
19:For the communes in
821:Waukesha, Wisconsin
657:on October 11, 2012
363:Generac goes public
275:Waukesha, Wisconsin
234:Number of employees
126:Waukesha, Wisconsin
32:
485:Genesee, Wisconsin
381:Milwaukee Magazine
329:Law ("WFDL"), the
499:, bizjournals.com
388:Plant Engineering
326:Caterpillar, Inc.
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762:Official website
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655:the original
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630:the original
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608:. Retrieved
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501:, retrieved
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353:CCMP Capital
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238:8,600 (2023)
218:Total equity
201:Total assets
121:Headquarters
45:Company type
788:SEC filings
610:30 December
503:October 30,
375:Recognition
116:Robert Kern
75:S&P 500
805:Categories
636:2010-03-19
470:, JSOnline
421:References
309:under the
295:Whitewater
267:generating
184:Net income
147:Generators
135:Key people
773:Bloomberg
661:April 17,
311:Craftsman
287:Jefferson
77:component
57:Traded as
404:Products
357:goodwill
144:Products
85:Industry
783:Reuters
717:28 July
684:28 July
552:Reuters
301:History
283:Oshkosh
263:Generac
248:generac
243:Website
152:Revenue
113:Founder
103: (
95:Founded
68::
793:Yahoo!
778:Google
601:
293:, and
279:Berlin
128:, U.S.
49:Public
23:, see
21:France
291:Eagle
719:2013
686:2013
663:2013
612:2011
599:ISBN
505:2012
269:and
250:.com
105:1959
98:1959
70:GNRC
66:NYSE
807::
560:^
550:.
537:^
512:^
493:,
476:^
464:,
450:^
321:.
289:,
285:,
281:,
271:AC
721:.
688:.
665:.
639:.
614:.
554:.
107:)
27:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
