nVent Electric to buy Maverick Power for $1.75 billion to expand data center offerings

nVent (NYSE:NVT) agreed to acquire Maverick Power for $1.75B, with up to $550M more tied to 2027-2028 performance. The deal, expected to close in Q4 2026, aims to expand nVent's data center power infrastructure. Maverick Power generated about $700M in 2026 revenue, with a strong backlog. nVent expects the acquisition to boost adjusted EPS in the first year.

nVent Electric (NVT) agreed to acquire Maverick Power for $1.75 billion, with up to $550 million more based on 2027-2028 performance. Maverick, with 900 employees, expects $700M revenue in 2026. nVent plans to fund the deal with cash and debt, aiming to close by Q4 2026. NVT shares were down 0.6% pre-market.

nVent Electric announced a $1.75 billion acquisition of Maverick Power to expand its data center offerings, aiming to capitalize on the growing AI infrastructure market. The deal is expected to enhance nVent's power distribution capabilities and strengthen its data center customer offerings, according to CEO Beth Wozniak.

nVent Electric (NVT) shares fell 1.9% pre-market after announcing a $1.75B-$2.3B deal to acquire Maverick Power, raising concerns about leverage and earnings dilution. The stock has declined from its 52-week high, with insider selling and a weak market backdrop contributing to the slide.

NVent Electric (NYSE:NVT) agreed to acquire Maverick Power for $2.3B, including $1.75B upfront and up to $550M in performance-based payments. The deal, expected to close Q4 2026, will be funded via cash and debt. NVent anticipates earnings per share growth post-acquisition.

nVent Electric (NYSE:NVT) will acquire Maverick Power for $1.75B, with an additional $550M possible based on performance. The deal, expected to close in Q4 2026, aims to expand nVent's AI infrastructure offerings. Maverick's power distribution capabilities will bolster nVent's data center services. The acquisition will be funded by cash and new debt.