Vertiv Closes Purchase of UtilityInnovation Group for About $1.45 Billion

what happened

Vertiv said its subsidiary has finished acquiring Utility Innovation Holdings, Inc., which operates as UtilityInnovation Group (UIG). The upfront price is about $1.45 billion in cash. An additional contingent payment of up to $1.15 billion depends on EBITDA targets over 12- and 24-month periods.

The company said the upfront price equals roughly 13 times UIG's expected 2027 EBITDA, and the multiple would be significantly lower if the full earnout is paid. Vertiv expects the deal to add to adjusted earnings per share in the first year after completion.

UIG designs microgrid controls, power management systems and behind-the-meter power architecture for data centers. Vertiv says the combination lets it offer customers a path from grid interconnection to rack-level infrastructure.

why it matters

The deal matters for the data-center power market, where equipment suppliers are moving toward grid connection and onsite generation as power shortages slow AI infrastructure. The final cost depends on whether the EBITDA targets are met.

market impact

Vertiv: the deal widens its data-center power offering, and part of the price depends on future EBITDA

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