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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)

Charles Mandel / BetaKit:
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  —  Wisconsin-based Generac Holdings is acquiring smart thermostat startup Ecobee for up to $770 million, contingent on the achievement of certain performance targets.