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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.
The resulting company is Strattec Security Corporation. In 2000, [4] the company acquired its consumer generator business from the Beacon Group and formed Briggs & Stratton Power Products. The Beacon Group had previously purchased the Consumer Products Division of Generac Corporation (now Generac Power Systems) in 1998.
Generac Power Systems will provide battery storage systems and other equipment under a $440 million U.S. Department of Energy electric reliability improvement project in Puerto Rico.
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Generac Reports Second Quarter 2013 Results Strong and broad-based organic revenue growth and operational execution drive continued growth in adjusted earnings Outlook raised for full-year 2013 ...
Generac Reports Record Fourth Quarter and Full-Year 2012 Results Fourth quarter results significantly exceed expectations - Strong broad based organic revenue growth and operational execution lead ...