# Generac acquires Tank Utility

Generac, Inc. acquired Tank Utility, a provider of IoT monitoring for delivered fuels. The acquisition will enable Tank Utility to offer a broader product line and access to Generac's global supply chain.

- Type: Acquisition
- Announced: 2021-09-20
- Where: United States
- Value: $770.0M
- Status: announced
- Products: backup power generation products, IoT monitoring for delivered fuels
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Generac Holdings](https://endata.com/companies/453.md) (acquirer)
- [Tank Utility](https://endata.com/companies/57845.md) (target)
- [Ecobee](https://endata.com/companies/58498.md) (target)

## Sources

- [tankutility.com](https://tankutility.com/tank-utility-is-excited-to-announce-we-are-joining-the-generac-team/), 2021-09-20: "Tank Utility has taken an exciting next step in our mission to push the delivered fuels industry forward: we are excited to announce that we are being acquired by Generac, Inc – a leading designer and manufacturer of back-up power generation products."
- [theverge.com](https://www.theverge.com/2021/11/1/22758128/ecobee-acquired-generator-company-generac-smart-home-thermostat), 2021-11-01: "Ecobee is being acquired by Generac Holdings for $770 million, the companies announced Monday."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.