Vertiv agrees to buy UtilityInnovation Group for USD 1.45 billion cash plus earnout

Vertiv agreed to buy microgrid specialist UtilityInnovation Group for about USD 1.45 billion in cash at closing.

• The deal includes up to USD 1.15 billion in additional cash tied to EBITDA targets over 12- and 24-month periods.
• The purchase price implies about 13x expected 2027 EBITDA, with the multiple expected to fall if the earnout is paid.
• The transaction expands Vertiv’s reach into behind-the-meter power architecture, microgrid controls, switchgear, onsite generation and storage orchestration.
• Vertiv expects the acquisition to be accretive to adjusted EPS in the first year after completion.