nVent Electric has agreed to acquire Maverick Power in a deal valued at $1.75bn, aiming to enhance its range of power distribution solutions for the data centre sector.
The agreement, which includes a possible additional payment of up to $550m depending on performance metrics in 2027 and 2028, is expected to close in the fourth quarter of 2026, subject to regular regulatory approvals and closing conditions.
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The acquisition is set to add a power distribution platform to nVent’s portfolio and complement its existing products for data centre customers.
Maverick Power, based in the US, manufactures engineered power distribution and infrastructure solutions for data centres, including low- and medium-voltage switchgear, switchboards, integrated modular systems, and related services.
The company has around 900 employees across Texas and Arizona, with estimated revenues for 2026 projected to be about $700m.
nVent stated that the transaction would extend its system-level solutions and services for new data centre power architectures.
The purchase price equates to an enterprise value multiple of around 11.5 times Maverick Power’s expected 2026 adjusted EBITDA.
After accounting for anticipated tax benefits, the multiple is about 10.5 times. The company anticipates that the acquisition will be accretive to adjusted earnings per share in the first year after closing.
nVent chair and CEO Beth Wozniak said: “Maverick Power is a great fit for nVent and aligns with our strategy to focus on the high-growth infrastructure vertical.
“Maverick Power brings strong power distribution expertise and broadens our offerings to data centre customers. We look forward to welcoming the Maverick Power team to nVent and together inventing the electrified future.”
nVent plans to fund the transaction using a mix of available cash and new debt. Bank of America is providing committed bridge financing, while Foley & Lardner is serving as legal counsel.
