Generac paid about $425M for acquisition in UK: Baird

Robert W. Baird & Co. estimates Generac Holdings Inc. paid $425 million to $430 million to acquire Deep Sea Electronics Ltd. of the United Kingdom.

Waukesha-based Generac Holdings (NYSE: GNRC), which is the parent company of Generac Power Systems, said Deep Sea Electronics is an advanced controls designer and manufacturer. The transaction closed on June 1, but Generac did not disclose the price.

Deep Sea Electronics, which is based in Hunmanby, U.K., provides a suite of controller products that…


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