Generac Holdings Inc. (NYSE: GNRC) already has pulled back from its post-storm highs. After the company won more business for its generators, the company’s largest shareholder group has decided to take some money off the table. After the close on Wednesday came word that CCMP Capital is selling 10 million shares of common stock.

Morgan Stanley is the underwriter for the offering. As you would expect with an insider share sale, the company will not receive any proceeds from this offering.

CCMP Capital invested in Generac back in 2006, and the firm commenced operations as an independent company in August of that year. CCMP’s investment professionals continue to manage the private equity portfolio of J.P. Morgan Partners. CCMP owns 33,512,998 shares, for a 49.1% stake in Generac, and the new post-sale stake of 23,512,998 shares will leave the firm with a stake of 34.4% in the generator-maker.

This will come to gross proceeds of close to $360 million, depending on where this prices today. As far as how this compares to the big picture, Generac is worth some $2.45 billion, and that implies that the share sale comes to almost 15% of the public float. On a daily volume basis, the Yahoo! Finance average of about 788,000 shares comes to about 12.7 days worth of trading volume.

Based on the $35.94 closing bell price on Wednesday, Generac trades at close to 11.5 times its expected 2013 earnings per share. Its 52-week range is $18.35 to $41.40.

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