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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, expanding its presence in the AI infrastructure market.
- The acquisition strengthens nVent's position in the high-growth data center vertical by adding Maverick Power's 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 subject to regulatory approval, the deal carries an enterprise value multiple of approximately 11.5 times anticipated 2026 adjusted EBITDA.
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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 Expands Data Center Capabilities With $1.75B Acquisition
The torrid pace of data center construction has fueled the rapid growth of nVent, which announced Monday that it’s acquiring a Texas-based company with products that complement nVent’s data center offerings. nVent, with management offices in St. Louis Park, is buying Maverick Power for $1.75 billion. New debt and available cash on hand will be used for the transaction. Bank of America is providing nVent with bridge financing. “Maverick Power is …
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Total News Sources11
Leaning Left0Leaning Right1Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
C 83%
R 17%
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