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In 1998, Generac sold its portable products division to the Beacon group, a private equity firm, who later sold it to Briggs & Stratton Corporation. Upon expiration of a non-compete agreement related to the sale in 2007, Generac re-entered the portable generator market in 2008. [7] In late 2006, Generac was purchased by CCMP Capital of New York ...
U.S. NRC image of a modern steam turbine generator (STG). In electricity generation, a generator [1] is a device that converts motion-based power (potential and kinetic energy) or fuel-based power (chemical energy) into electric power for use in an external circuit.