france see g n rac disambiguation . generac power systems type public traded as nyse gnrc industry manufacturing founded 1959 1 founder robert kern 2 headquarters waukesha wisconsin 3 4 key people aaron jagdfeld ceo 3 products generators revenue 593 million 2010 5 number of employees 1 500 3 parent generac holdings inc. website www.generac.com generac power systems is an american manufacturer of backup power generation products for residential light commercial and industrial markets . 6 generac s power systems range in output from 800 watts to 9 megawatts 7 and are available through independent dealers retailers and wholesalers . 6 generac is headquartered in waukesha wisconsin 3 4 and has manufacturing facilities in eagle and whitewater wisconsin . 7 contents 1 history 1.1 generac goes public 2 recognition 3 products 4 references 5 external links history edit generac sb 375 commercial generator on base fuel tank ann arbor michigan a portable generac generator mounted on a vehicle . founded in 1959 the company soon began producing portable generators for sears roebuck and co. under the craftsman 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 . 7 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 standby system . 7 in 1992 generac began private labeling generator sets for caterpillar inc. 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 law wfdl the sherman antitrust act the wisconsin common law concerning restrictive covenants and the illinois consumer fraud and deceptive business practices act . 8 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 u.s. 7th circuit court of appeals which ruled that generac s claims were properly dismissed by the lower court . 9 generac continued to supply some transfer switches to caterpillar until 2002 when caterpillar changed suppliers . in 1998 generac sold its portable products division to the beacon group a private equity firm who later sold it to briggs & stratton corporation . 7 upon expiration of a non compete agreement related to the sale in 2007 generac re entered the portable generator market in 2008 . 7 in late 2006 generac was purchased by ccmp capital of new york . 7 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 . 10 aaron jagdfeld was appointed president and chief executive officer in september 2008 and is the current ceo . 7 generac goes public edit 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 . 7 the initial public offering provided 224 million in net proceeds which were used to pay down debt . 7 recognition edit generac is a recipient of milwaukee magazine s best places to work award for southeastern wisconsin . 11 generac s industrial sizing application power design pro received silver in the 2010 plant engineering product of the year award . 12 the company has also earned the good housekeeping seal for its guardian series home standby generators and several portable generators . 13 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 . 14 products edit generac manufactures gaseous fueled diesel fueled and bi fuel engine driven power generation equipment modular paralleling systems automatic transfer switches and small engines . 6 the company supplies products to the industrial commercial and portable generator markets through many different distributors . 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 fiat powertrain technologies to supply generac with industrial diesel engines for use in industrial generators . 15 references edit generac power systems about us generac workers get a holiday surprise jsonline a b c d tom daykin november 7 2011 generac to add over 400 jobs at wisconsin plants milwaukee journal sentinel jsonline a b hq may now be based in genesee wisconsin according to more recent publication jeff engel october 29 2012 hurricane sandy puts wisconsin generator makers into overdrive milwaukee business journal bizjournals.com retrieved october 30 2012 financial statements for generac holdings inc. google finance a b c generac holdings inc gnrc.k company profile reuters.com . reuters . a b c d e f g h i j 2010 generac holdings annual report american bar association . section of antitrust law 1999 . annual review of ... antitrust law developments . section of antitrust law american bar association . retrieved 30 december 2011 . united states court of appeals seventh circuit no. 97 1404 generac holdings inc. form s 1 a january 25 2010 budde andrea may 30 2012 . generac named among top workplaces in area . living lake country . retrieved 28 july 2013 . product of the year 2010 winners plant engineering generac power systems earns good housekeeping seal . rental equipment register magazine . may 15 2009 . retrieved 28 july 2013 . generac power systems earns frost & sullivan s company of the year award . generac power systems inc. generac industrial power fiat powertrain technologies announce strategic partnership for diesel engines supply business wire external links edit wikimedia commons has media related to generac power systems . official website generac on facebook on facebook v t e briggs & stratton people john i. beggs stephen foster briggs thomas r. savage brooks stevens harold m. stratton products briggs & stratton animal briggs & stratton flyer briggs & stratton raptor companies evinrude generac power systems johnson outboards murray outboard marine corporation simplicity outdoor snapper inc. victa retrieved from https en.wikipedia.org w index.php title generac power systems & oldid 736784887 categories companies listed on the new york stock exchangecompanies based in wisconsinwaukesha wisconsinelectronics companies of the united stateshidden categories commons category with local link same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read 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