M&A Deal Summary

Generac Acquires PowerPlay

On June 27, 2024, Generac acquired energy services and equipment company PowerPlay from SunGrid

Acquisition Highlights
  • This is Generac’s 4th transaction in the Energy Services and Equipment sector.
  • This is Generac’s 14th transaction in the United States.
  • This is Generac’s 3rd transaction in Wisconsin.

M&A Deal Summary
Date 2024-06-27
Target PowerPlay
Sector Energy Services and Equipment
Buyer(s) Generac
Sellers(s) SunGrid
Deal Type Divestiture

Target

PowerPlay

Waukesha, Wisconsin, United States
PowerPlay specializes in providing turnkey Battery Energy Storage Systems (BESS) solutions tailored for commercial and industrial (C&I) projects up to 7 MWh. PowerPlay is based in Waukesha, Wisconsin.

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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 24 of 25
Sector (Energy Services and Equipment) 4 of 4
Type (Divestiture) 5 of 5
State (Wisconsin) 3 of 3
Country (United States) 14 of 15
Year (2024) 1 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 Ageto

Fort Collins, Colorado, United States

Ageto provides microgrid controllers that seamlessly integrate, optimize and manage distributed conventional resources, renewable energy resources, and electric vehicle (EV) chargers in the commercial & industrial (C&I) market. Ageto is based in Fort Collins, Colorado.

Buy -

Seller(S) 1

SELLER

SunGrid

Cambridge, Ontario, Canada
Category Company
Founded 2011
Sector Construction
DESCRIPTION

SunGrid provides enabling services through development, engineering, construction, and financing. SunGrid was founded in 2011 and is based in Cambridge, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-19 RA Electric

Duarte, California, United States

RA Electric is a provider of electrical installations for commercial, institutional, and medical projects. RA Electric was founded in 1980 and is based in Duarte, California.

Buy -
Mergr

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