Generac closes on ecobee acquisition

Generac's headquarters in the Town of Genesee

Town of Genesee-based Generac Holdings Inc. has closed on its acquisition of Canadian smart thermostat maker ecobee in a deal potentially worth up to $770 million. Generac is paying $200 million in cash and $450 million in stock for ecobee. The $650 million price could climb to $770 million by 2023 based on the number

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Arthur covers banking and finance and the economy at BizTimes while also leading special projects as an associate editor. He also spent five years covering manufacturing at BizTimes. He previously was managing editor at The Waukesha Freeman. He is a graduate of Carroll University and did graduate coursework at Marquette. A native of southeastern Wisconsin, he is also a nationally certified gymnastics judge and enjoys golf on the weekends.

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