nVent completes $1.75 billion acquisition of Maverick Power
NVT•nVent completed its acquisition of Maverick Power for $1.75 billion, subject to customary purchase price adjustments, with up to $550 million in additional cash consideration tied to 2027 and 2028 performance metrics.
1. Deal terms
nVent completed the acquisition for $1.75 billion, subject to customary purchase price adjustments. The deal includes potential additional cash consideration of up to $550 million tied to performance metrics in 2027 and 2028.
2. Maverick Power
Maverick Power manufactures engineered power distribution and infrastructure equipment for data centers, expanding nVent’s data center power platform. It is headquartered in McKinney, Texas, and has about 900 employees across Texas and Arizona.
