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New York Private Equity Fund to Buy Generac Power Systems

CCMP Capital Advisors, a private-equity investor, has agreed to acquire substantially all of Generac Power Systems Inc., Waukesha, Wis., from
Sept. 22, 2006
2 min read

CCMP Capital Advisors, a private-equity investor, has agreed to acquire substantially all of Generac Power Systems Inc., Waukesha, Wis., from the company’s founder, Robert Kern, and the company’s other shareholders.

Generac, which Kern founded in 1959, manufactures and markets a line of automatic standby generators for residential, light-commercial and industrial usage.

CCMP Capital Advisors was formed in August 2006 by the former buyout/growth equity investment team of JP Morgan Partners, a private-equity investor. CCMP and its London affiliate manage approximately $8 billion in direct private-equity investments. CCMP Capital’s network includes its affiliate in Asia, CCMP Capital Asia.

“We are extremely pleased to be partnering with CCMP Capital Advisors,” said Bill Treffert, CEO, Generac. “With its extensive experience investing in leading industrial and consumer companies, we believe CCMP is the ideal partner as we continue to grow our business. For over 45 years, Generac Power Systems has been designing and manufacturing top-quality, long-life power generation equipment. We look forward to working with CCMP to continue our focus on providing this solution to our customers and to build our business for the future.”

Steve Murray, president of CCMP Capital, said, “Generac has a tremendous business model supported by an outstanding array of products, great distribution partners and an experienced and entrepreneurial management team. We are delighted to have the opportunity to partner with a company that is so highly regarded, and continue to build on the company’s track record of success in the North American generator market.”