nVent agrees to buy Maverick Power for $1.75 billion - NVT News | RalliesnVent agrees to buy Maverick Power for $1.75 billion
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NVT• nVent to acquire Maverick Power for $1.75 billion
- nVent agreed to buy Maverick Power for $1.75 billion, with up to $550 million in additional cash tied to 2027-2028 performance.
- Maverick supplies engineered power distribution systems for data centers, with estimated 2026 revenue of about $700 million.
- The deal expands nVent’s data center portfolio with a power distribution platform, targeting new power architectures and system-level solutions.
- Closing is expected in Q4 2026; funding is planned from cash on hand and new debt.
- The transaction is expected to lift adjusted EPS in the first year and is valued at about 11.5x anticipated 2026 adjusted EBITDA.
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