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CCMP Capital Advisors Announces Acquisition of Generac Power Systems, Inc.September 14, 2006 – CCMP Capital Advisors ("CCMP Capital"), a leading private equity investor, announced today that it has signed a definitive agreement under which affiliates of CCMP Capital will acquire substantially all of Generac Power Systems, Inc. ("Generac" or the "Company"), from the Company’s founder, Robert Kern, and the Company’s other shareholders. Based in Waukesha, Wisconsin, Generac is the premier manufacturer of standby power products in North America. The Company manufactures and markets a complete line of automatic standby generators for residential, light-commercial and industrial usage. These generators are designed to protect homeowners, small businesses, healthcare facilities, telecommunications networks, corporate offices and various commercial sites during power outages. Generac has pioneered new products that are functional, affordable and accessible to homeowners, small businesses and industrial users. “We are extremely pleased to be partnering with CCMP Capital Advisors,” said Bill Treffert, CEO of 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.” About CCMP Capital Advisors CCMP Capital Advisors, LLC (“CCMP Capital”), formed in August 2006 by the former buyout/ growth equity investment team of JPMorgan Partners, is a leading private equity investor. Through active management and its powerful value creation model, CCMP Capital’s investment team has established a reputation as a world-class investment partner. CCMP Capital and its London affiliate manage approximately $8 billion in direct private equity investments. CCMP Capital’s proprietary global network includes its affiliate in Asia, CCMP Capital Asia Ltd., a leading private equity firm with approximately $2.7 billion under management, operating from offices in Hong Kong, Melbourne, Seoul, Shanghai and Tokyo. CCMP Capital is an investment adviser registered with the Securities and Exchange Commission. Back to Press Releases |
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The historical information presented may reflect the activities of the professionals of CCMP Capital Advisors, LLC (together with its affiliates, “CCMP Capital”) while they were members of J.P. Morgan Partners, LLC ("JPMP"), a private equity division of JPMorgan Chase & Co. prior to CCMP Capital's commencing operations. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to purchase any investments or securities of any investment vehicles. © 2008 CCMP CAPITAL ADVISORS, LLC. All rights reserved. |
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