Tuesday, July 22, 2014

Modern Power Systems Signs Distributor Agreement With Generac Power Systems

Leading Commercial and Industrial Standby Power Distributor Will Represent Expanded Generac Industrial Power Product Line in Northern New Jersey.


Modern Group President and CEO Paul Farrell
(Right) and Modern Power Systems
VP/GM John McClure (Left)
(Bristol, PA)  Modern Power Systems, a division of Modern Group, has recently signed an agreement with Generac Power Systems to exclusively represent Generac Industrial Power throughout Northern New Jersey. With this agreement, Modern Power Systems will have access to the newly expanded Generac Industrial Power product line, which offers single generator sets up to 2 megawatts and paralleled power systems up to 100 megawatts.

“This agreement is a milestone for our organization but an even greater opportunity for our customers” said Paul Farrell, President and CEO of  Modern Group. “We are proud to continue our close partnership with Generac and represent their expanded line of industry leading standby power solutions to our customers.”

Mr. Farrell went on to praise the dedication of Power System VP/GM John McClure, the remarkable work of his team, as well as outline the continued investments being made in the division. These include the continued hiring of technician, sales, and operation staff, expanded offices for the division at the company’s Bristol headquarters, the purchase of new service vans, continued deployment of remote dispatch and workflow tools, and a new training center in Bristol for technicians and electrical contractors.

As a Generac Industrial Power distributor, Modern Power Systems will work with engineers, facility managers, and electrical contractors to specify Generac products, install and commission systems, provide service and maintenance, and more.

Generac Power Systems has begun implementing a new network of industrial product distributors to support the company’s aggressive strategic plans for growth in large industrial applications. A pioneer in gaseous-fueled and Bi-Fuel™ power systems, Generac expects this distributor network to help the company enter markets for its new high-output diesel standalone and paralleled power systems.

“We’ve worked with Modern Power Systems for many years, and are very excited that they have signed on with us again in this new role,” said Kyle Raabe, vice president of industrial dealer sales. “Our expanded product line offers unprecedented opportunities Modern to grow their business by tapping new markets that requires large standalone gensets or paralleled systems. These are exciting times, and we’re looking forward to working with Modern and enjoying mutual success.”

About Generac (NYSE: GNRC)
Since 1959, Generac has been a leading designer and manufacturer of a wide range of generators, transfer switches, and engine powered products serving residential, light commercial, industrial and construction markets. For commercial and industrial applications, the company offers diesel- and gaseous-fueled generator systems up to 2.0 MW with single gensets and up to 100 MW with paralleled systems. These include Generac’s Bi-Fuel™ system for dramatic cost savings, the Gemini® Twin Pack system for serious space-saving requirements, and Generac Mobile Power for reliable mobile backup power in even the most extreme conditions. All are available through a broad network of industrial dealers. For more information on Generac and its industrial product line, please visit www.generac.com/for-business. Follow Generac on Twitter @generac. Become a fan on Facebook at www.facebook.com/generacpowersystems.

About Modern Power Systems
Modern Power Systems, a division of Modern Group, is the exclusive industrial Generac distributor in the Mid-Atlantic region. They provide sales, service, short term rental, parts, training and financing solutions for the industrial, commercial, and residential users across all industries. For more information visit http://www.moderngroup.com/power.

Modern Group and CEO Paul Farrell Profiled in Philadelphia Inquirer

Modern Group's President and CEO Paul Farrell was featured in an article published in the July 21st edition of the Philadelphia Inquirer. This interview covered a range of topics included a discussion of our diverse product lines offered to our customers, the structure of our company as an ESOP and what that means for long term success, and some hobbies Paul enjoys.

Accompanying articles are also being published on Philly.com. The first explored the concept of an ESOP, as Modern is a 100% employee owned company. This structure brings with it some challenges a traditional organization does not need to face, such as wide disclosures of financial performance to all employees, but holds tremendous strengths for customers and owners alike.
"Quite honestly when you call Modern and you speak to the receptionist or to me or to the technician, those people are owners of this business and they have a vested interest in making sure you are happy,"-Paul Farrell