Generac to acquire ecobee for up to $770M in cash and stock

GENERAC HOLDINGS INC.

Deal: $200M cash, $450M in common stock at closing, plus up to $120M in earnout shares upon achieving performance targets by June 2023.
ecobee is a smart thermostat and home energy management provider with over 2 million connected homes; acquisition expected to close in Q4 2021.
Generac CEO says acquisition will create a home energy ecosystem combining ecobee's thermostats with Generac's power generation and storage.

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