By The Business Journal of Milwaukee

Generac Power Systems announced that it has acquired Magnum Products, a manufacturer of high-quality light towers and mobile generators.

The acquisition, which closed Monday, will broadened Generacâ¿¿s product offerings, according to company management. Terms of the deal werenâ¿¿t immediately disclosed.

Magnum, which had been privately held, will function as a stand-alone business, continuing operations out of its facilities in Berlin. Generac will maintain the Magnum brand and the companies will employ a combined total of more than 1,800 people throughout the state.

Generac, a subsidiary of town of Genesee-based Generac Holdings Inc. (NYSE: GNRC), is a producer of commercial and industrial portable and standby generators.

⿿Magnum is an outstanding strategic fit for Generac⿿s business,⿝ said Aaron Jagdfeld, president and CEO of Generac. ⿿We are very excited about what we will achieve through our combined efforts in engineering, sales, and service.⿝

Magnum was owned by its retiring founder and chairman, Tom Joseph.

⿿Both companies have earned outstanding reputations in their respective marketplaces and the combined company will be very powerful,⿝ Joseph said. ⿿Magnum and Generac have a bright future and Magnum⿿s outstanding leadership team will execute a seamless transition under Generac's ownership."

Magnumâ¿¿s management team will continue to lead the company.

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