Acquisition creates a home energy ecosystem benefiting both homeowners and grid operators
WAUKESHA, Wis. (GLOBE NEWSWIRE) — Generac Holdings Inc. (NYSE: GNRC) (“Generac”), a leading global designer, manufacturer and provider of energy technology solutions and other power products, announced that it has closed on the strategic acquisition of ecobee Inc. (“ecobee” or the “Company”), a leader in sustainable smart home solutions. Terms of the acquisition were first announced November 1, 2021.
“ecobee and our skilled team members are very proud to join the Generac family,” said Stuart Lombard, founder and chief executive officer of ecobee. “Leveraging Generac’s global footprint and extensive distribution network, we’ll be able to maximize our growth opportunities and further unleash the power of our smart products to deliver a cleaner, more resilient and sustainable energy future for customers and communities.”