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He also diversified the company's revenues with the introduction of new products such as power tools, climate control, [13] power generators, [24] commercial vehicles, and other specialty equipment. [25] Between 2016 and 2020, the company spent $1.8 billion into expanding its rental fleet. [23]
Founded by Robert Kern in 1959, the company soon began producing portable generators for Sears, Roebuck and Co. under the Craftsman brand. During the 1970s, Generac expanded its offerings in the portable and recreational vehicle markets, and in the 1980s the company entered the commercial and industrial markets with its backup power generation systems.
A specific model of a generator operated as a standby generator may only need to operate for a few hours per year, but the same model operated as a prime power generator must operate continuously. When running, the standby generator may be operated with a specified - e.g. 10% overload that can be tolerated for the expected short running time.
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