DR Power Equipment Enters Battery Powered Zero-Turn Mower Market with Acquisition of Mean Green Products, LLC
DR Power Equipment, a division of Generac Holdings Inc., today
announced the closing of a purchase agreement to acquire the assets
of Mean Green Products, LLC, the leading battery powered,
commercial grade turf care manufacturer, headquartered in Ross,
DR Power Equipment designs and manufactures a full line of
professional-grade, outdoor power equipment. Mean Green Products
designs and manufacturers an innovative commercial line of
zero-turn and walk behind, battery powered turf care products that
provide quiet, zero emissions and minimal maintenance options as
compared to traditional commercial mowers.
“Entering the commercial turf care category has been a target of
ours for years, but we wanted to do it in an innovative and
differentiated way. The improvements in battery technology
have now enabled the electrification of large commercial turf care
products and Mean Green is leading the way,” said Matt Bieber,
President of DR Power Equipment. “We have watched the Mean
Green team grow and develop new products and technologies, which
led us to proactively pursue them to become part of our portfolio.
Mean Green products will supplement our expanding battery-powered,
chore products line up and support our goals to integrate and
develop new battery-powered solutions.”
“We are extremely excited for the opportunity to further expand
on our vision to provide consumers with meaningful battery powered
equipment,” said Joe Conrad, President and Owner of Mean Green
Products. “The DR Power and Generac teams are an excellent fit for
our company and our employees.”
“Generac’s initiatives to provide clean powered products
accelerated our interest in becoming part of their strategic
movement,” added Matt Conrad, Vice President and Owner.
The acquisition closed on September 1. Terms of the deal were
About DR Power Equipment
DR® Power Equipment, a Generac Power Systems company, is the
premier developer and marketer of professional-grade, outdoor power
equipment for commercial and residential use. The company was
founded in 1985 in Charlotte, Vermont. For more information, visit
About Mean Green Products, LLC Mean Green
Products was founded in 2009 in Ross, Ohio. The company designed
and built the first commercial, zero-turn, all electric mower,
changing the way consumers view electric-powered equipment. For
additional information, visit www.meangreenproducts.com.
Founded in 1959, Generac is a leading global designer and
manufacturer of a wide range of energy technology solutions and
other power products. As an industry leader serving
residential, light commercial, and industrial markets, Generac's
products and solutions are available globally through a broad
network of independent dealers, distributors, retailers, e-commerce
partners, wholesalers and equipment rental companies, as well as
sold direct to certain end user customers.
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SOURCE: Generac Holdings Inc.
CONTACT:Michael W. HarrisVice President – Corporate Development
& Investor Relations(262)