Generac Power Systems Inc., Waukesha, Wis., has committed $5 million to $6 million to expanding and remodeling its headquarters and an additional $3 million to $4 million in upgrades to create a technical center. The investment will result in more jobs, more innovation and more technology for Generac, the manufacturing sector and the state of Wisconsin, says the company.
“The expansion of our headquarters isn't just a major investment in our community, it is a major step in meeting the power generation and equipment demands of our customers,” Generac CEO Aaron Jagdfeld said. “We have been growing rapidly over the last decade and this expansion will give us the flexibility and space to not only add to our team, but will create a space to allow the best engineers and technicians in our field to innovate and develop tomorrow's technology for our industry.”
Generac employs more than 550 people at its headquarters and plans to add more than 200 new jobs over the next three years. The expansion and remodel, funded solely by organic growth, should be completed by the end of 2013. Looking beyond 2013, Generac has already purchased land adjacent to its Waukesha headquarters in preparation for future expansion.
The technical center will be a research, development and testing facility and will include investments in equipment for data acquisition, analysis and testing of engines, generators and other power equipment.