nVent to buy data center power supplier Maverick for $1.75B
What's the deal? nVentDealroom has a profile for this one. Try Dealroom → (NYSE: NVT) has agreed to acquire Maverick PowerDealroom has a profile for this one. Try Dealroom → for $1.75 billion, subject to customary adjustments. The deal includes up to $550 million in additional cash consideration tied to performance metrics in 2027 and 2028.
What each side does: Maverick Power is a North American provider of engineered power distribution and infrastructure solutions for data centers, with roughly 900 employees across operations in Texas and Arizona. It expects about $700 million in 2026 revenue and holds a strong backlog.
The terms: The $1.75 billion price implies an enterprise value of about 11.5 times anticipated 2026 adjusted EBITDA, or 10.5 times after expected tax benefits. nVent will fund the deal with cash on hand and new debt, with Bank of AmericaDealroom has a profile for this one. Try Dealroom → providing committed bridge financing.
Why now? The acquisition expands nVent's reach in data center power distribution and infrastructure, a high-growth vertical driven by surging computing demand. nVent expects the deal to be accretive to adjusted earnings per share in the first year after closing.
What could go wrong? The new debt raises nVent's financial obligations, and the total cash outlay could climb by up to $550 million if the earnout targets are hit. Closing is targeted for the fourth quarter of 2026, pending regulatory and other customary conditions.
The signal: nVent is doubling down on the infrastructure powering the AI and cloud boom, betting that data center demand justifies a premium multiple. It is the company's latest acquisition move — an earlier deal announcement drew a 2.76% drop in nVent shares over 24 hours, a reminder investors are watching the spending closely.
Read more: stocktitan.net
Image credit: Generated with Gemini
