nVent completes $1.75B acquisition of Maverick Power
nVent Electric plc completed its purchase of Maverick Power for a cash price of $1.75 billion. The transaction includes an earn‑out of up to $550 million based on performance in 2027 and 2028. Maverick Power, a provider of power‑distribution solutions for data centers, adds roughly 900 employees in Texas and Arizona. The deal was announced on October 1 2026 and was highlighted by CEO Beth Wozniak.
Why it matters
nVent says the acquisition broadens its exposure to the high‑growth data‑center infrastructure market and adds a power‑distribution platform that could enhance its revenue prospects. The potential $550 million earn‑out provides upside if Maverick meets future performance targets.
Key facts
- 1Purchase price was $1.75 billion. globenewswire.com
- 2Additional consideration of up to $550 million in cash is possible based on performance metrics in 2027 and 2028. globenewswire.com
- 3Maverick Power has approximately 900 employees in Texas and Arizona. globenewswire.com
- 4The acquisition was completed on October 1 2026. globenewswire.com
- 5Beth Wozniak is the Chair and CEO of nVent. globenewswire.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.