Generac Holdings Inc. Purchases Magnum Products LLC

Generac reported that one of its subsidiaries has purchased the assets and certain liabilities of Magnum Products LLC for $80 million cash, plus what Generac described as a modest payment based on future performance.

October 11, 2011

Generac Power Systems

Generac Holdings Inc. reported that one of its subsidiaries has purchased the assets and certain liabilities of Magnum Products LLC, a Berlin, WI, manufacturer of light towers and mobile generators.

The price was $80 million cash, plus what Generac described as a modest payment based on future performance.

Generac, based in the Town of Genesee, WI, makes residential, commercial and industrial generators. The company said it expects the acquisition to add $25 million to $30 million in revenue in the fourth quarter, and three cents to four cents in earnings per share.

For the entire story, click here.

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Generac Power Systems

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