M&A Deal Summary

Generac Acquires ecobee

On November 1, 2021, Generac acquired electronics company ecobee from Just Energy for 770M USD

Acquisition Highlights
  • This is Generac’s 1st transaction in the Electronics sector.
  • This is Generac’s largest (disclosed) transaction.
  • This is Generac’s 2nd transaction in Canada.
  • This is Generac’s 1st transaction in Ontario.

M&A Deal Summary
Date 2021-11-01
Target ecobee
Sector Electronics
Buyer(s) Generac
Sellers(s) Just Energy
Deal Type Divestiture
Deal Value 770M USD

Target

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.

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Buyer(S) 1

Buyer

Generac

Waukesha, Wisconsin, United States
Category Company
Founded 1959
Sector Machinery
Employees8,315
Revenue 4.0B USD (2023)
DESCRIPTION
Generac Holdings' corporate headquarters in Waukesha, Wisconsin.
Generac Holdings' corporate headquarters in Waukesha, Wisconsin.

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

DEAL STATS #
Overall 22 of 25
Sector (Electronics) 1 of 1
Type (Divestiture) 4 of 5
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2021) 5 of 5
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Blue Pillar

Indianapolis, Indiana, United States

Blue Pillar is a provider of critical power and energy management solutions for complex single-site and centralized multisite facilities that leverage the power of asset connectivity, control, and data management to help organizations improve energy resiliency, efficiency, and overall facility operations. Blue Pillarwas formed in 2006 and is based in Indianapolis, Indiana.

Buy -

Seller(S) 1

SELLER

Just Energy

Toronto, Ontario, Canada
Category Company
Founded 1997
Sector Energy Services and Equipment
Employees1,581
Revenue 2.7B CAD (2021)
DESCRIPTION

Just Energy's business primarily involves the sale of natural gas and/or electricity to residential and commercial customers under long-term fixed-price, price-protected, or variable-priced contracts and green energy products. Just Energy Group was founded in 1997 and is based in Mississauga, Canada.

DEAL STATS #
Overall 2 of 2
Sector (Electronics) 1 of 1
Type (Divestiture) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 Filter Group

Toronto, Ontario, Canada

Filter Group, Inc. is a provider of an under counter and whole home water filtration solutions to residential markets in the Provinces of Ontario and Manitoba and the States of Nevada, California, Arizona, Michigan and Illinois, with over 30,000 customers to date.

Buy $37M
Mergr

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