Vertiv closes $1.45 billion purchase of UtilityInnovation Group
Vertiv Holdings completed its acquisition of UtilityInnovation Group on October 27, 2026, paying approximately $1.45 billion in upfront cash. The agreement also allows for as much as $1.15 billion in further cash if UIG reaches specified EBITDA goals over 12- and 24-month measurement periods. UIG brings microgrid controls, onsite power coordination and behind-the-meter data-center infrastructure to Vertiv.
Why it matters
The acquisition broadens Vertiv’s offering from utility connections to rack-level infrastructure and gives it exposure to solutions for data centers facing power shortages. Vertiv said the transaction should increase adjusted EPS during the first year after closing, although the additional consideration depends on UIG’s EBITDA performance.
Key facts
- 1Vertiv paid approximately $1.45 billion in upfront cash for UIG. prnewswire.com
- 2The deal provides for up to $1.15 billion in contingent cash tied to EBITDA targets measured over 12- and 24-month periods. prnewswire.com
- 3Vertiv said the purchase price equals approximately 13x UIG’s expected 2027 EBITDA. prnewswire.com
- 4UIG supplies microgrid solutions, advanced power controls and behind-the-meter power architecture for data centers. prnewswire.com
- 5Vertiv said adjusted earnings per share should benefit in the first year following completion. prnewswire.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.