~$1.45 billion acquisition expected to expand Vertiv's addressable opportunity in power-constrained data centers

  • Adds microgrid controls, onsite generation orchestration, microgrid-specific switchgear and behind-the-meter power architecture to Vertiv's portfolio
  • Extends Vertiv's power and cooling portfolio from grid interconnect to chip, independent of any single generation technology or supplier
  • UIG's proven team and proprietary technology expected to help customers accelerate time to power through grid-connected or grid-independent architectures

COLUMBUS, Ohio, Sept. 2, 2026 /PRNewswire/ -- Vertiv Holdings Co. (NYSE:VRT) ("Vertiv"), a global leader in critical digital infrastructure, today announced its wholly-owned subsidiary, Vertiv Corporation, has entered into an agreement and plan of merger to acquire Utility Innovation Holdings, Inc., which operates as UtilityInnovation Group ("UIG"), a leader in microgrid solutions, advanced power controls and behind-the-meter power architecture design for data centers, for approximately $1.45 billion in cash at closing, with additional consideration of up to $1.15 billion in cash based on achieving certain earnings before interest, taxes, depreciation and amortization ("EBITDA") targets over 12- and 24-month periods.

At the approximately $1.45 billion purchase price, the acquisition represents approximately 13x expected UIG 2027 EBITDA. The EBITDA multiple is anticipated to be significantly lower if the full earnout is paid. Vertiv expects the acquisition to be accretive to adjusted earnings per share in the first year following completion. Strategically, the acquisition extends Vertiv upstream to the grid interconnect, adding microgrid controls, onsite generation and energy storage orchestration, and behind-the-meter power architecture. These capabilities are expected to help data center operators secure power faster as grid constraints increasingly limit AI infrastructure deployment.

The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in the fourth quarter of 2026.