February 12, 2010 (FinancialWire) — Generac Holdings Inc. (NYSE: GNRC), the parent company of Generac Power Systems, Inc., has priced its initial public offering of 18.75 million shares of its common stock at $13 per share.

J.P. Morgan Securities (NYSE: JPM), Goldman, Sachs & Co. (NYSE: GS), BofA Merrill Lynch (NYSE: BAC) and Robert W. Baird & Co. are the book running managers for the offering.

The shares began trading on The New York Stock Exchange on February 11 under the ticker symbol “GNRC.” In addition, Generac Holdings Inc. has granted the underwriters a 30-day option to purchase up to an additional 2,812,500 shares at the initial public offering price.

Generac Holdings plans to use the net proceeds of the offering to pay down the term loans of its subsidiary Generac Power Systems, Inc., including paying down its second lien term loan in full and paying down a portion of its first lien term loan.

Wisconsin-based Generac is a manufacturer of backup power generation products serving residential, light commercial and industrial markets.

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