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In late 2006, Generac was purchased by CCMP Capital of New York. [7] In 2009 CCMP took a write-off, described as a non-cash goodwill and trade name impairment charge, of $583.5 million against their purchase of Generac. [10] Aaron Jagdfeld was appointed president and chief executive officer in September, 2008 and is the current CEO. [7]
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.