Generac Holdings Inc., commonly known as Generac, is one of the leading companies in the world for backup power solutions. It produces generators, energy storage systems, and other power-related equipment for homes, businesses, and industries.
Many people wonder who owns Generac and who controls the company. This article will explain the ownership of Generac in simple terms, focusing on its leadership, ownership structure, and key decision-makers.
Is Generac Privately Owned or Publicly Traded?
Generac is a publicly traded company, which means it is not owned by a single person or private family. Instead, shares of Generac are sold on the New York Stock Exchange (NYSE) under the ticker symbol GNRC. This means anyone who buys Generac’s stock can own a small part of the company. The largest shareholders usually include investment firms, mutual funds, and institutional investors who manage money for clients.
Who is the CEO and Leader of Generac?
The person responsible for running Generac is Aaron P. Jagdfeld. He is the Chairman, President, and Chief Executive Officer (CEO) of the company. Jagdfeld has been leading Generac since 2008 and has played a major role in its growth and success. Under his leadership, Generac has expanded beyond generators to include clean energy solutions and smart power products.
About Aaron P. Jagdfeld
- Early Career: Jagdfeld started working at Generac in 1994, beginning in the finance department.
- Rise to Leadership: In 2002, he became Chief Financial Officer (CFO), managing the company’s financial decisions.
- CEO Role: He was promoted to President and CEO in 2008, and later became the Chairman of the Board in 2016.
- Impact on Generac: Under his leadership, Generac has grown into a global power solutions company with increasing revenue and new product innovations.
Who Owns Generac’s Stock?
Because Generac is publicly traded, it has thousands of shareholders. However, some large investment companies and institutions own big portions of the stock. Here are some of the major shareholders:
| Shareholder | Ownership Type |
|---|---|
| Vanguard Group | Investment firm managing mutual funds and ETFs |
| BlackRock, Inc. | One of the world’s largest asset management companies |
| Fidelity Investments | A financial company managing mutual funds and retirement accounts |
| Generac Executives and Board Members | Some company leaders, including Aaron Jagdfeld, own shares |
These investors hold shares in Generac and influence some company decisions, but no single person fully owns Generac.
History of Generac’s Ownership
Generac was originally founded by Robert Kern in 1959. For many years, it was privately owned by Kern and his family. However, in 2006, a private equity firm called CCMP Capital Advisors bought Generac. Then, in 2010, Generac became a publicly traded company, meaning its shares could be bought and sold on the stock market.
Conclusion: Who Owns Generac?
Generac is a public company, meaning its ownership is spread across thousands of investors. Aaron Jagdfeld is the key leader, serving as the Chairman, President, and CEO, but he does not fully own the company. Instead, large investment firms and individual shareholders own most of Generac’s stock.
If you’re interested in investing in Generac, you can buy its stock through a brokerage account. However, major company decisions are made by its board of directors and executive leadership, with Aaron Jagdfeld playing a crucial role in its growth and success.