nVent Electric to Buy Maverick Power for $1.75 Billion to Expand Data Center Offerings
The deal adds a power distribution platform and could bring up to $550 million more if Maverick meets performance targets.
- On Monday, nVent Electric announced a definitive agreement to acquire Maverick Power for $1.75 billion, seeking to expand its presence in the booming AI infrastructure market.
- The acquisition strengthens nVent's position in the high-growth data center vertical, adding engineered power distribution platforms including switchgears and switchboards to its portfolio.
- Headquartered in McKinney, Texas, Maverick Power employs approximately 900 people across Texas and Arizona, with estimated 2026 revenues of approximately $700 million.
- Maverick Power President and CEO Tom Currier called the deal a 'significant milestone,' while the transaction includes potential additional consideration of up to $550 million based on 2027 and 2028 performance metrics.
- Expected to close in the fourth quarter of 2026, the transaction carries an enterprise value multiple of approximately 11.5 times anticipated 2026 adjusted EBITDA, subject to regulatory approval.
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13 Articles
nVent to acquire Texas data center power supplier Maverick for $1.75B
nVent Electric agreed to acquire Maverick Power for $1.75 billion (plus up to $550 million earnout), strengthening its data center power distribution platform and targeting a Q4 2026 close. Read more on how this will expand the industry.
nVent Electric to buy Maverick Power for US$1.75 billion to expand data center offerings
nVent Electric said on Monday it would acquire data center equipment maker Maverick Power for US$1.75 billion as it looks to expand its presence in a booming AI infrastructure market.
nVent to buy Maverick Power for $1.75 billion
nVent has agreed to acquire Maverick Power for $1.75 billion, expanding the portfolio of products it can offer in the data centre space. The deal will give nVent a broader range of low- and medium-voltage switchgear, switchboards and integrated modular power systems – equipment used to control and distribute electricity through data centre infrastructure. The $1.75 billion purchase price could rise by a further $550 million if Maverick meets ce…
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