Vertiv completes acquisition of UtilityInnovation Group
VRT•Vertiv completed its acquisition of UtilityInnovation Group for about $1.45 billion in upfront cash, with up to $1.15 billion more tied to EBITDA targets. The company expects the deal to increase adjusted earnings per share in the first year after completion.
1. Acquisition completed
Vertiv completed its acquisition of UtilityInnovation Group for approximately $1.45 billion in upfront cash. Up to $1.15 billion in additional cash consideration depends on EBITDA targets over 12- and 24-month periods.
2. Power capabilities added
The upfront purchase price represents approximately 13 times UtilityInnovation Group’s expected 2027 EBITDA. The acquisition adds microgrid controls and behind-the-meter power capabilities, extending Vertiv’s portfolio to grid interconnections to help data centers secure power faster. Vertiv expects the deal to increase adjusted earnings per share in the first year following completion.
