nVent agrees to buy Maverick Power for $1.75 billion
Reuters2026/08/24 10:30- nVent agreed to buy Maverick Power for USD 1.75 billion, with up to USD 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 USD 700 million.
- Deal expands nVent’s data center portfolio with a power distribution platform, targeting new power architectures and system-level solutions.
- Closing expected in Q4 2026; funding planned from cash on hand and new debt.
- Transaction expected to lift adjusted EPS in the first year; valued at about 11.5x anticipated 2026 adjusted EBITDA.
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