Generac Holdings Inc. has announced the closing of the purchase agreement with Baldor Electric Company (“Baldor”), a wholly-owned subsidiary of ABB Group, to acquire substantially all of the assets of Baldor’s generator products division (“Baldor Generators”). As previously disclosed in a press release dated October 7^th, 2013, Baldor Generators offers a complete line of portable, mobile, standby, and prime power generators ranging from 3kW to 2.5MW throughout North America.