Generac Holdings to buy smart thermostat startup Ecobee for $650M in cash and stock, plus up to $120M in stock if targets are hit, expects deal to close in Q4 Charles Mandel / BetaKit : BetaKit 2021-11-02 Charles Mandel Ecobee, Generac Holdings, Charles Mandel / BetaKit Related Coverage Generator-maker Generac set to buy smart thermostat startup Ecobee TechCrunch · Brian Heater Generator company Generac announces plans to buy Ecobee CNET · Megan Wollerton Generac to Acquire ecobee Inc. ecobee Smart thermostat maker Ecobee acquired by Generac for $770 million Android Central · Babu Mohan Waukesha-based power company Generac to expand operations at facility in South Carolina Milwaukee Journal Sentinel · Ricardo Torres Nest Thermostat competitor Ecobee is being acquired by Generac for over $700 million 9to5Google · Ben Schoon Ecobee acquired by generator company Generac for $770 million The Verge · Kim Lyons Toronto-based smart home company Ecobee to be acquired by U.S.-based Generac MobileSyrup · Patrick O'Rourke Discussion @betakit @betakit on x Wisconsin-based @Generac is acquiring smart thermostat startup @ecobee for up to $770 million. #CDNtech https://betakit.com/... @tron @tron on x From one #CDNtech VC: 'Seems like a lot of upside since their purported $490MM SPAC with Canaccord ~12 months ago - that's some good growth.'