On the Record · Generac
Generac acquisitions, on the record
The businesses Generac bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Neurio Technology Inc.Word for word“beginning with the March 2019 acquisition of Neurio Technology Inc., a leading energy data company focused on monitoring technology and sophisticated analytics to optimize energy use within a home or business.” 10-K for 2023 | acquisition | March 2019 | — |
Pika Energy Inc. (Pika Energy)Word for word“This was followed by the April 2019 acquisition of Pika Energy Inc. (Pika Energy), a designer and manufacturer of battery storage technologies that capture and store solar or other power sources for homeowners and businesses.” 10-K for 2023 | acquisition | April 2019 | — |
Enbala Power Networks Inc.Word for word“In October 2020, the Company acquired Enbala Power Networks Inc., one of the leading providers of distributed energy optimization and control software that helps support the operational stability of the world’s power grids.” 10-K for 2023 | acquisition | October 2020 | — |
Chilicon Power LLC (Chilicon)Word for word“In July 2021, Generac added to its residential clean energy portfolio with the acquisition of Chilicon Power LLC (Chilicon), a designer and provider of grid-interactive rooftop power inversion devices and monitoring solutions for the solar market.” 10-K for 2023 | acquisition | July 2021 | — |
ecobee Inc. (ecobee)Word for word“In December 2021, Generac acquired ecobee Inc. (ecobee), a leader in sustainable home technology solutions.” 10-K for 2023 | acquisition | December 2021 | — |
Deep Sea Electronics LimitedWord for word“In June 2021, the Company acquired Deep Sea Electronics Limited, a UK-based designer and manufacturer of advanced controls for a range of power generation and other applications used around the world.” 10-K for 2023 | acquisition | June 2021 | — |
Off Grid Energy Ltd.Word for word“In September 2021, Generac acquired Off Grid Energy Ltd., a designer and manufacturer of industrial-grade mobile energy storage systems serving predominantly rental markets.” 10-K for 2023 | acquisition | September 2021 | — |
Blue PillarWord for word“The Company advanced its C&I connectivity strategy with the October 2022 acquisition of Blue Pillar, an industrial internet of things (IoT) platform developer that designs, deploys, and manages industrial IoT solutions.” 10-K for 2023 | acquisition | October 2022 | — |
REFU Storage Systems GmbH (REFU)Word for word“In February 2023, Generac acquired REFU Storage Systems GmbH (REFU), a developer and supplier of battery storage and inverter hardware products, advanced software, and platform services for the commercial and industrial markets.” 10-K for 2023 | acquisition | February 2023 | — |
Tank Utility Inc. (Tank Utility)Word for word“In 2021, we expanded our residential connectivity strategy with the acquisition of Tank Utility Inc. (Tank Utility), an IoT propane tank monitoring solutions company.” 10-K for 2023 | acquisition | 2021 | — |
Mean Green ProductsWord for word“We also offer commercial-grade, battery-powered turf care products through Mean Green Products, which was acquired in 2020.” 10-K for 2023 | acquisition | 2020 | — |
Pramac (remaining ownership interest)Word for word“These cash proceeds were more than offset by $104.8 million in cash payments used to purchase the remaining ownership interest in Pramac, $251.5 million used for stock repurchases, $325.8 million of debt repayments ($37.1 million of short-term borrowings and $288.7 million of long-term borrowings and finance lease obligations), $10.9 million of taxes paid related to equity awards, and $5.0 million for payment of contingent acquisition consideration.” 10-K for 2023 | acquisition | — | $104.8 million |
Deep Sea Electronics Limited (Deep Sea)Word for word“In June 2021, the Company acquired Deep Sea Electronics Limited (Deep Sea), a UK-based designer and manufacturer of advanced controls for a range of power generation and other applications used around the world.” 10-K for 2024 | acquisition | June 2021 | — |
AgetoWord for word“The 2024 acquisition of Ageto further enhanced our advanced control capabilities, particularly in the C&I BESS and multi-asset microgrid markets.” 10-K for 2024 | acquisition | 2024 | — |
minority interest in Rolling Energy ResourcesWord for word“These were partially offset by $2.0 million of cash proceeds from the sale of our minority interest in Rolling Energy Resources.” 10-K for 2024 | divestiture | — | 2.0 million |
Tank Utility fleet businessWord for word“The pre-tax loss in the nine months ended September 30, 2025 relates primarily to the sale of the Company's immaterial Tank Utility fleet business during the second quarter of 2025.” 10-K for 2025 | divestiture | during the second quarter of 2025 | — |
Wolverine Power Systems (Wolverine)Word for word“On November 1, 2024, the Company acquired Wolverine, headquartered in Zeeland, Michigan.” 10-K for 2025 | acquisition | On November 1, 2024 | — |
Ageto, LLC (Ageto)Word for word“On August 1, 2024, the Company acquired the assets and liabilities of Ageto.” 10-K for 2025 | acquisition | On August 1, 2024 | — |
C&I BESS product offering from SunGrid Solutions Inc.Word for word“On June 26, 2024, the Company closed on the acquisition of the C&I BESS product offering from SunGrid Solutions Inc. located in Cambridge, Canada.” 10-K for 2025 | acquisition | On June 26, 2024 | — |
Huntington Power Equipment, Inc. (Huntington)Word for word“On April 1, 2024, the Company acquired Huntington, headquartered in Shelton, Connecticut.” 10-K for 2025 | acquisition | On April 1, 2024 | — |
REFUstorWord for word“On February 1, 2023, the Company acquired REFUstor, headquartered in Pfullingen, Germany.” 10-K for 2025 | acquisition | On February 1, 2023 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $61.4 million | $46.2 million |
| 2017-12-31 | −$1.3 million | $5.3 million |
| 2018-12-31 | $65.4 million | $46.8 million |
| 2019-12-31 | $112 million | $40.8 million |
| 2020-12-31 | $64.8 million | $42.7 million |
| 2021-12-31 | $713.5 million | $578.1 million |
| 2022-12-31 | $25.1 million | $6.7 million |
| 2023-12-31 | $16 million | $6.7 million |
| 2024-12-31 | $34.7 million | $22.6 million |
| 2025-12-31 | $762,000 | — |
Deal filings since 2016
- 2026-09-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-07-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-07-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-01-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-06-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-11-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-05-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-12-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-06-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-05-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-11-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Generac’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-18. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.