Generac Power Systems Inc.
S45 W29290 Hwy 59, Waukesha
2014 annual revenue: $1.5 billion
Since 1959, Waukesha-based Generac Power Systems has delivered innovative, even life-saving, products to the marketplace.
Generac is a manufacturer of backup power systems.
The company has grown an average of 20 percent in sales for the past 10 years, and initiated its initial public offering in February 2010. The public offering has shaped the way that Generac’s management philosophy has adapted, and has made it even stronger.
Aaron Jagdfeld, chief executive officer of the company, has championed a culture of collaboration, communication and strategic planning.
Under his leadership, the company has entered new markets, established new product designs and improved its manufacturing processes.
Generac prides itself on its products and is committed to job creation in the southeastern Wisconsin area.
The company currently employs more than 2,000 people in the region, and has maintained more than 8 percent employment growth over the past three years.
Employees at Generac are the backbone of the company and, according to company leaders, the success of the company is directly tied to their dedication.
Generac regularly invests in professional development training and prepares employees for advancement within the company – including hands-on classes at its training center in Eagle. More than 4,000 hours of hands-on training is conducted annually at the facility.
More than one-third of Generac’s workforce has been with the company for more than a decade, a testament to the company’s commitment to a transparent leadership style, employee benefits and educational opportunities.
In addition to supporting its existing workforce, Generac was the founding entity of Second Chance Partners for Education, now GPS Education Partners, an organization dedicated to teaching and training Wisconsin’s future workforce. The program selects students from member school districts to participate in a program that blends academic course work and real world experience.