Deal Details
Initial Public Offering
Summary
Baird served as a joint book-running manager in this offering
About
Generac Holdings Inc. (“Generac” or the “Company”) (NYSE:GNRC), parent company of Generac Power Systems, Inc., recently completed an initial public offering of 18,750,000 shares of its common stock at $13.00 per share, generating gross proceeds of approximately $243.8 million for the Company. Generac intends to use the net proceeds from the offering to pay down the term loans of its subsidiary Generac Power Systems, Inc., including paying down its second lien term loan in full and paying down a portion of its first lien term loan.Generac, a portfolio company of CCMP Capital Advisors, is a leading manufacturer of backup power generation products serving residential, light commercial and industrial markets. Generac’s power systems range in output from 800 watts to 9 megawatts and are available through a broad network of independent and industrial dealers, retailers and wholesalers.
For additional information about this transaction, please contact:
- Date
- February 2010
- Company
- Generac Holdings Inc.
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
Share
