Generac Power Systems

Generac Power Systems, Inc. specializes in the design and manufacture of backup power generators and related equipment for residential, commercial, and industrial markets. The company offers a wide range of products, including home standby generators, portable generators, pressure washers, and water pumps. Generac has established itself as a leader in the home standby generator market, selling more units than its competitors combined, and has also made significant advances in the commercial sector with cost-effective solutions tailored for small and mid-sized businesses. In addition to generators, Generac provides energy storage systems, transfer switches, and various mobile power products for diverse applications, including government, military, and disaster relief. The company supports its products with installation services, maintenance, and spare parts. Generac distributes its products through retailers and service centers across the United States, Canada, and internationally. Founded in 1959 and headquartered in Waukesha, Wisconsin, Generac continues to innovate in the field of backup power solutions.

Jennifer Anderson

EVP, Global Corporate Strategy and Development

Aaron Jagdfeld

Chairman, President and CEO

Erik Wilde

Executive Vice President

11 past transactions

Chilicon Power

Acquisition in 2021
Chilicon Power specializes in manufacturing grid-interactive microinverters and complete energy generation systems for residential and commercial applications. The company's flagship product, the CP-720 microinverter, supports 60/72/96 cell photovoltaic modules and boasts an industry-leading performance with sustained power production of 250 watts AC. Chilicon Power's GATEWAY system facilitates monitoring and configuration of solar arrays, offering a user-friendly 7-inch touch screen and cloud connectivity options. This system utilizes advanced powerline communication technology, allowing multiple microinverters to connect without additional wiring. For larger installations, multiple GATEWAY devices can be combined to manage extensive networks. Chilicon Power's products are designed for reliability, with components rated for approximately 200,000 hours of service lifespan. The company has shown profitability over the past four years, generating revenues of $1.5 million, and is now seeking funding to enhance its marketing efforts to compete with established leaders in the solar industry.

Deep Sea Electronics

Acquisition in 2021
Deep Sea Electronics Limited is a prominent manufacturer of control systems, specializing in generator controllers, auto transfer switch controllers, battery chargers, and vehicle and off-highway controllers. Established in 1975 and headquartered in Filey, United Kingdom, the company operates additional facilities in the USA, India, the Far East, Lebanon, and Brazil. With a workforce of over 140 employees across four continents, Deep Sea Electronics sells its products to 150 countries through a robust network of distributors and direct sales from its UK office. The company is recognized for its commitment to research and development, consistently enhancing its product offerings with over 140 different control solutions tailored for various applications.

Generac Grid Services

Acquisition in 2020
Generac Grid Services, formerly known as ENBALA Power Networks Inc., operates a sophisticated energy-balancing platform that utilizes its proprietary Concerto software. This platform captures and aggregates customer loads, energy storage, and renewable energy sources, forming a network of controlled energy resources. By optimizing and dispatching these resources, Generac Grid Services addresses the real-time demands of the power system, providing solutions for utilities, energy service providers, grid operators, and energy consumers. The company, established in 2003 and based in North Vancouver, Canada, specializes in smart grid technology, ancillary services, and energy management, emphasizing a flexible approach to creating controllable and dispatchable energy resources.

Sofdesk

Series B in 2019
Sofdesk Inc. is a software company based in Montreal, Canada, founded in 2013. It specializes in developing sales acceleration solutions tailored for the solar installation, roofing, and insurance sectors. The company's main products include SolarGraf, designed for solar installers to facilitate lead generation and proposal management, and RoofGraf, which assists roofing companies in acquiring new business opportunities. Sofdesk's platforms aim to help small to medium-sized enterprises enhance their operational infrastructure and efficiency through project management, automation, and advanced quoting tools. By offering intuitive and user-friendly applications, Sofdesk enables businesses to streamline their processes and reduce costs across various markets.

Pika Energy

Acquisition in 2019
Pika Energy, Inc. is a Westbrook, Maine-based manufacturer of direct current (DC) power electronics. Our nanogrid technology is installed throughout the United States and Canada and in several overseas markets. All Pika Energy products are designed, tested, and manufactured in the United States, using domestic materials. Founded in 2010 by MIT-educated engineers, Pika Energy manufactures high-efficiency, bidirectional inverters and charge controllers, small wind turbines, and substring solar optimizers.

Neurio

Acquisition in 2019
Neurio Technology, Inc. is a home intelligence technology company based in Vancouver, Canada, specializing in hardware and software solutions for residential energy management. Established in 2005, Neurio develops a system that employs a Wi-Fi power sensor and cloud services to monitor household electrical devices, enabling homeowners to track appliance usage and energy consumption. The technology includes a smartphone application for both Android and iOS, providing real-time feedback on energy usage and appliance activity. This allows users to stay informed about their home environment, such as whether appliances are left on or if children are watching television when they should be studying. Neurio aims to enhance home efficiency and reduce energy costs for homeowners without the need for extensive sensor installations throughout the house. As of 2019, Neurio operates as a subsidiary of Generac Holdings Inc.

Tank Utility

Venture Round in 2019
With over $150 billion spent on delivered fuels (i.e. Propane, Heating Oil, Diesel, etc.) every year, fuel distribution companies struggle to efficiently plan deliveries with more than 50% of all delivery miles (or about 1/6th of total market spend) being unnecessary. Tank Utility uses real-time tank level measurements from IoT monitors and innovative business intelligence software to eliminate wasted delivery miles while helping fuel providers provide a better customer experience through greater transparency..

Selmec Equipos Industriales

Acquisition in 2018
Selmec Equipos Industriales specializes in the design and manufacture of electrical and thermal generation equipment, boasting over 75 years of experience in the distributed energy market. The company produces diesel generators ranging from 10kW to 2,750kW, as well as natural gas and LP gas generators with capacities from 30kW to 400kW. Selmec's offerings are enhanced by their expertise in providing comprehensive solutions that encompass engineering, procurement, implementation, operation, and maintenance of power generation and management projects. Their industrial generators are designed to ensure operational continuity for critical applications, such as telecommunications and data centers, while also focusing on energy savings and quality improvement.

Motortech

Acquisition in 2016
MOTORTECH GmbH, founded in 1988 by the Virchow family in Celle, Germany, specializes in designing and manufacturing electronic products for gas engines. The company offers a comprehensive range of products, including ignition and ignition control systems, industrial spark plugs, gas engine controls, sensor systems, and air/fuel ratio control systems, as well as various gas engine accessories. In addition to its manufacturing capabilities, MOTORTECH provides maintenance, repair, overhaul, and consultation services to customers globally. Over the years, the company has established itself as a leading global manufacturer of efficient gaseous engine systems, catering to prominent original equipment manufacturers in the energy generation sector. As of January 1, 2017, MOTORTECH operates as a subsidiary of Generac Holdings Inc.

Tank Utility

Seed Round in 2016
With over $150 billion spent on delivered fuels (i.e. Propane, Heating Oil, Diesel, etc.) every year, fuel distribution companies struggle to efficiently plan deliveries with more than 50% of all delivery miles (or about 1/6th of total market spend) being unnecessary. Tank Utility uses real-time tank level measurements from IoT monitors and innovative business intelligence software to eliminate wasted delivery miles while helping fuel providers provide a better customer experience through greater transparency..

Tower Light

Acquisition in 2013
Tower Light is a manufacturer specializing in mobile lighting towers, offering a wide range of products that cater to various sizes and power requirements. The company focuses on designing and producing lighting solutions that include low consumption models and those equipped with LED lamps. Tower Light markets its products internationally, providing innovative lighting solutions suitable for diverse applications.
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