Generac Completes Baldor Acquisition
Completing the deal that was first announced in early October, Generac Holdings Inc. has announced the closing of the purchase agreement with Baldor Electric Co. to acquire substantially all of the assets of Baldor’s generator products division. The terms of the transaction were not announced.
Located in Oshkosh, Wis., Baldor Generators offers a line of portable, mobile, standby and prime power generators ranging from 3 kW to 2.5 MW. Following the close of the transaction, the employees of Baldor Generators will become employees of Generac and the Oshkosh facility will become part of Generac’s manufacturing footprint. Although the Baldor brand name is not included past a transitionary period, Generac will continue to support Baldor Generator’s existing customers and distribution network going forward.
Generac has made several key acquisitions over the last two years, beginning in October, 2011 when it purchased gen-set manufacturer Magnum Products. In February, 2012 it added Gen-Tran Corp. and its line of transfer switches and generator accessories. In November, 2012 Generac went international buying the Ottomotores UK generator set line. Most recently the company added a range of light towers with the purchase of Italy’s Tower Light Srl.