M&A Deal Summary

Generac Acquires Off Grid Energy

On September 1, 2021, Generac acquired energy services and equipment company Off Grid Energy

Acquisition Highlights
  • This is Generac’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Generac’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2021-09-01
Target Off Grid Energy
Sector Energy Services and Equipment
Buyer(s) Generac
Deal Type Add-on Acquisition

Target

Off Grid Energy

Rugby, United Kingdom
Off Grid Energy is a designer and manufacturer of industrial-grade mobile energy storage systems. that provide cleaner and more flexible energy for industrial and mobile applications. Off Grid Energy is based in Rugby, United Kingdom.

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Buyer(S) 1

Buyer

Generac

Waukesha, Wisconsin, United States

Category Company
Founded 1959
Sector Machinery
Employees8,315
Revenue 4.3B USD (2024)
DESCRIPTION
Generac Holdings' corporate headquarters in Waukesha, Wisconsin.
Generac Holdings' corporate headquarters in Waukesha, Wisconsin.

Generac designs and manufactures a range of generators and other engine-powered products. Generac was established in 1959 and is based in Waukesha, Wisconsin.


DEAL STATS #
Overall 21 of 25
Sector: Energy Services and Equipment M&A 3 of 4
Type: Add-on Acquisition M&A Deals 18 of 20
Country: United Kingdom M&A 2 of 2
Year: 2021 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Apricity Code

Bend, Oregon, United States

Apricity Code is an engineering and product design company skilled in designing and prototyping energy-related and consumer products for customers in order to increase reliability, add functionality, and improve performance. Apricity Code was founded in 2015 and is based in Bend, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 ecobee

Toronto, Ontario, Canada

ecobee is a provider of sustainable smart home solutions that currently offers several energy star-certified thermostats and a suite of home monitoring products, all designed with a focus on conservation, convenience, peace of mind, and comfort. ecobee’s smart thermostats intelligently optimize heating and cooling systems to deliver significant energy savings for homeowners. ecobee was founded in 2007 and is based in Toronto Ontario.

Buy $770M