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Generac Holdings history
Generac Holdings company history timeline
Founded by Robert Kern in 1959, the company soon began producing portable generators for Sears, Roebuck and Co. under the Craftsman brand.
In 1992, Generac began private labeling generator sets for Caterpillar, Inc.
In June 1996, Caterpillar decided to terminate the private labeling agreement.
In 1998, Generac sold its portable products division to the Beacon group, a private equity firm, who later sold it to Briggs & Stratton Corporation.
Generac continued to supply some transfer switches to Caterpillar until 2002, when Caterpillar changed suppliers.
In late 2006, Generac was purchased by CCMP Capital of New York.
Aaron Jagdfeld was appointed president and chief executive officer in September, 2008 and is the current CEO.
In 2009 CCMP took a write-off, described as a non-cash goodwill and trade name impairment charge, of $583.5 million against their purchase of Generac.
On February 11, 2010, Generac Holdings Inc. (NYSE: GNRC), parent company of Generac Power Systems, Inc., began trading on the New York Stock Exchange 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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Generac Holdings competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| A. O. Smith | 1904 | $3.8B | 15,100 | 53 |
| Haas Automation | 1983 | $1.0B | 1,500 | - |
| SPX | 1912 | $2.0B | 6,000 | 169 |
| Eaton | 1911 | $24.9B | 92,000 | 2,001 |
| DTE (Detroit Tool & Engineering) | - | - | 176 | 1 |
| Visteon | 2000 | $3.9B | 10,000 | - |
| Koch Industries | 1940 | $115.0B | 100,000 | 3 |
| O'Neal Steel | 1921 | $870.0M | 600 | 33 |
| AriensCo | 1933 | $607.6M | 3,000 | 29 |
| Allied Air | 1928 | $109.2M | 200 | - |
Generac Holdings history FAQs
Zippia gives an in-depth look into the details of Generac Holdings, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Generac Holdings. The employee data is based on information from people who have self-reported their past or current employments at Generac Holdings. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Generac Holdings. The data presented on this page does not represent the view of Generac Holdings and its employees or that of Zippia.
Generac Holdings may also be known as or be related to Generac Holdings, Generac Holdings Inc, Generac Holdings Inc. and Generac Power Systems.