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Generac To Acquire Ecobee Inc.

PUBLIC · GNRCNov 01, 2021

Acquiring Company

Generac Holdings

Acquired Company

ecobee

WaukeshaManufacturingEnergySustainabilityRenewable EnergySolarEnergy ManagementEnergy StorageEnergy EfficiencyFinancial ServicesReal EstateCommerce And Shopping

Description

Generac Holdings Inc. (NYSE: GNRC) (“Generac” or the “Company”), a leading global designer and manufacturer of energy technology solutions and other power products, today announced the signing of an agreement to acquire ecobee Inc. (“ecobee”), a leader in sustainable smart home solutions, in a transaction valued up to $770 million contingent on the achievement of certain performance targets.

Quick answer

Generac Holdings is acquiring ecobee, announced November 1, 2021. Generac Holdings is based in Waukesha, Wisconsin, United States.

How much did Generac Holdings pay for ecobee?
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 ecobee 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 ecobee?

ecobee was acquired by Generac Holdings, based in Waukesha. The deal was reported on November 1, 2021. 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 ecobee?

Generac Holdings's acquisition of ecobee was reported on November 1, 2021. Generac Holdings Inc. (NYSE: GNRC) (“Generac” or the “Company”), a leading global designer and manufacturer of energy technology solutions and other power products, today announced the signing of an agreement to acquire ecobee Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does ecobee do?

ecobee Inc. was founded in 2007 with a mission to improve everyday life while creating a more sustainable world. Today, ecobee continues to innovate with smart home solutions that solve everyday problems with comfort, security, and conservation in mind. It is privately held, operating in Financial Services.

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