Generac acquires mobile heating specialist Mac
06 October 2014
US generator manufacturer Generac has acquired mobile heater specialist Mac, expanding in the company’s portfolio of mobile power products and increasing its access to the oil and gas market.
Mac was established in 1983 and is headquartered in Bismarck, North Dakota, with around 100 employees.
It produces flameless, indirect-fired and hydronic surface heaters for commercial and industrial applications in the North American oil and gas, construction and other industrial sectors through rental companies and dealers.
Generac president and CEO Aaron Jagdfeld said, “The acquisition of Mac is an exciting development for Generac as it further expands our growing mobile products platform by adding a strong brand of industrial heaters and increases our access to the projected long term up-cycle in the oil & gas market.
“In addition to gaining immediate access to a broad line-up of mobile heating equipment that is essential to colder climate oil & gas and construction sites, this acquisition creates cross-selling opportunities with our existing mobile products distribution.
And Michael Seifert, president and CEO of Mac said he believed that partnering with Generac best positioned his company for continued growth.
“We are excited to be joining the Generac team and we see many synergies for both companies as a result of this transaction,” he added.
Generac said the Mac management team would continue to lead the company and the Mac brand would join Generac's family of brands.
The deal came just weeks after Generac acquired Pramac America, which produces and distributes portable generators and water pumps and other related products.