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Generac completes acquisition of PowerPlay Battery Energy Storage Systems

PUBLIC · GNRCJun 27, 2024

Acquiring Company

Generac Holdings

Acquired Company

SunGrid

WaukeshaManufacturingEnergySustainabilityRenewable EnergySolarEnergy ManagementEnergy StorageEnergy EfficiencyManufacturingEnergyRenewable EnergyEnergy Storage

Description

Generac Power Systems, a leading global designer and provider of energy technology solutions, has announced the acquisition of PowerPlay Battery Energy Storage Systems, a division of SunGrid Solutions Inc. This strategic move further strengthens Generac's position in the commercial and industrial battery energy storage systems market, allowing it to offer a more complete ecosystem of products and solutions to domestic commercial and industrial customers with a strong emphasis on resilience, efficiency, and sustainability.

Quick answer

Generac Holdings is acquiring SunGrid, announced June 27, 2024. Generac Holdings is based in Waukesha, Wisconsin, United States.

How much did Generac Holdings pay for SunGrid?
The deal value was not disclosed.
What does Generac Holdings do?
Generac Holdings, Inc. (NYSE: GNRC) is a total energy solutions company that empowers people to use energy on their own terms.
Where are Generac Holdings and SunGrid based?
Generac Holdings is based in Waukesha, Wisconsin, United States.
Who are the decision-makers at Generac Holdings?
Fundz holds 1 contact at Generac Holdings. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Generac Holdings

Location

Waukesha, Wisconsin, United States

About

Generac Holdings, Inc. (NYSE: GNRC) is a total energy solutions company that empowers people to use energy on their own terms. Founded in 1959, Generac is a leading global designer, manufacturer, and provider of a wide range of energy technology solutions. The Company provides power generation equipment, energy storage systems, energy management devices & solutions, and other power products serving the residential, light commercial, and industrial markets.

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Frequently asked

Who acquired SunGrid?

SunGrid was acquired by Generac Holdings, based in Waukesha. The deal was reported on June 27, 2024. Generac Holdings, Inc. (NYSE: GNRC) is a total energy solutions company that empowers people to use energy on their own terms. Generac Holdings is publicly traded (GNRC) and operates in Manufacturing.

When did Generac Holdings acquire SunGrid?

Generac Holdings's acquisition of SunGrid was reported on June 27, 2024. Generac Power Systems, a leading global designer and provider of energy technology solutions, has announced the acquisition of PowerPlay Battery Energy Storage Systems, a division of SunGrid Solutions Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does SunGrid do?

SunGrid is an EPiC company based in Houston, Texas, focusing on building turnkey projects and simplifying the installation of BESS projects across the USA and Canada. It is privately held, operating in Manufacturing.

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