nVent Completes Acquisition of Maverick Power
nVent Electric has completed its $1.75 billion acquisition of Maverick Power, a manufacturer of engineered power distribution and infrastructure solutions for data centers. The deal includes up to $550 million in additional cash consideration tied to performance metrics in 2027 and 2028, and Maverick Power brings roughly 900 employees across Texas and Arizona.
Key figures
- Deal Value Usd
- $1.75 billion
- Earnout potential
- $550 million
- Earnout conditions
- performance metrics in 2027 and 2028
- Employees acquired
- 900
AI analysis
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