Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Generac Holdings Inc.    GNRC

Delayed Quote. Delayed  - 08/18 10:02:01 pm
36.41 USD   +0.17%
08/17 GENERAC : to expand operations
08/16 GENERAC : Power Systems to expand operations
08/16 GENERAC : Power Systems to Expand Operations in Wisconsin
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Generac Holdings Inc. : Generac Power Systems Acquires Magnum Products

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/03/2011 | 10:35pm CEST

Generac Power Systems announced Monday that it has acquired Magnum Products, a leading manufacturer of high-quality light towers and mobile generators. The acquisition combines Magnum's 23 years of experience with Generac's 52 years of power expertise to create a stronger, larger company with broadened product offerings and expanded distribution channels. The transaction was completed today.

Magnum will function as a standalone business, continuing operations out of its facilities in Berlin, Wis. Generac will maintain the Magnum brand and the companies will together employ more than 1,800 people throughout Wisconsin.

Generac, a subsidiary of Generac Holdings, Inc. (NYSE: GNRC), is a leading producer of commercial and industrial portable and standby generators. Magnum is the number one light tower manufacturer in North America, with a growing market share in the power rental and mobile generator market; it was privately held.

"Magnum is an outstanding strategic fit for Generac's business," said Aaron Jagdfeld, president and chief executive officer of Generac. "This acquisition brings together two of Wisconsin's leading manufacturers to better serve customers. We are very excited about what we will achieve through our combined efforts in engineering, sales, and service."

Magnum was owned by its retiring founder and chairman, Tom Joseph. "Both companies have earned outstanding reputations in their respective market places and the combined company will be very powerful. Magnum and Generac have a bright future, and Magnum's outstanding leadership team will execute a seamless transition under Generac's ownership."

Magnum's management team will continue to lead the company. Generac and Magnum will share best practices including global sourcing and vertical manufacturing.

About Generac (NYSE: GNRC)

Since 1959, Generac has been 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 dealers, retailers and wholesalers. Generac is committed to developing a long-term vision that promotes environmentally responsible products, processes and partnerships and strives to be a positive contributor of sustainable growth in the backup power generation industry. For more information on Generac, please visit www.Generac.com. Follow Generac on Twitter @generacpowersys. Become a fan on Facebook at www.facebook.com/generacpowersystem.

About Magnum Products, LLC

Magnum Products, LLC is a supplier of powerful, high quality light towers, mobile generators, trash pumps, water trailers and combination power units for a variety of industries and specialties including construction, energy, mining, government, military, and special events. The Company's products have been distributed through international, national and regional equipment rental companies, equipment dealers and construction companies.

CKPR
Ryan Fitzgerald
Phone: 414-227-3525
Email: rfitzgerald@c-k.com


© Business Wire 2011
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GENERAC HOLDINGS INC.
08/17 GENERAC : to expand operations
08/16 GENERAC : Power Systems to Expand Operations in Wisconsin
08/16 GENERAC : Power Systems to expand operations
08/16 GENERAC : Power Systems to Expand Operations in Wisconsin
08/15 GENERAC : State to help Generac with multimillion dollar expansion plans, new jo..
08/04 GENERAC : Management's Discussion and Analysis of Financial Condition and Result..
08/02 GENERAC : Blanton's Helps Locals Power Through with Generac Generators
08/02 GENERAC HOLDLINGS INC. (NYSE : GNRC) reported earnings of $0.69 per share beatin..
08/02 GENERAC HOLDINGS INC. : Results of Operations and Financial Condition, Financial..
08/02 GENERAC HOLDINGS INC. (NYSE : GNRC) Files An 8-K Results of Operations and Finan..
More news
News from SeekingAlpha
08/02 Generac Holdings (GNRC) Q2 2017 Results - Earnings Call Transcript
08/02 Generac beats by $0.04, beats on revenue
07/19 BRIGGS & STRATTON : American Icon Trading At A Discount
04/27 Generac Holdings (GNRC) Q1 2017 Results - Earnings Call Transcript
04/27 Generac EPS in-line, beats on revenue
Financials ($)
Sales 2017 1 550 M
EBIT 2017 230 M
Net income 2017 113 M
Debt 2017 917 M
Yield 2017 -
P/E ratio 2017 19,37
P/E ratio 2018 17,24
EV / Sales 2017 2,05x
EV / Sales 2018 1,92x
Capitalization 2 263 M
Chart GENERAC HOLDINGS INC.
Duration : Period :
Generac Holdings Inc. Technical Analysis Chart | GNRC | US3687361044 | 4-Traders
Technical analysis trends GENERAC HOLDINGS INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 40,3 $
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Aaron P. Jagdfeld Chairman, President & Chief Executive Officer
York A. Ragen Chief Financial & Accounting Officer
John D. Bowlin Independent Director
David A. Ramon Independent Director
Robert D. Dixon Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
GENERAC HOLDINGS INC.-10.78%2 263
KEYENCE CORPORATION32.46%58 894
SCHNEIDER ELECTRIC SE2.28%47 447
EMERSON ELECTRIC4.04%37 121
MURATA MANUFACTURING CO., LTD.9.01%35 318
NIDEC CORPORATION22.33%33 752