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DR POWER EQUIPMENT ACQUIRES MEAN GREEN PRODUCTS, LLC
Source: DR Power Equipment news release

South Burlington, Vermont -- DR Power Equipment, a division of Generac Holdings Inc., has 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, Ohio.

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 not disclosed.