Vertiv to acquire UtilityInnovation Group for $1.45 billion cash plus up to $1.15 billion earnout
Vertiv agreed to acquire Utility Innovation Holdings, which operates as UtilityInnovation Group (UIG), a microgrid and power architecture provider for data centers, for about $1.45 billion in upfront cash plus up to $1.15 billion in additional cash tied to EBITDA targets. The company expects to fund the deal from existing resources and to close in the fourth quarter of 2026, subject to regulatory approval, and expects the deal to be accretive to adjusted earnings per share in the first year after completion.
Key points
- Upfront cash of about $1.45 billion at closing, subject to customary adjustments for working capital, indebtedness and transaction expenses
- Up to $1.15 billion in additional cash, payable in two tranches if EBITDA targets over 12- and 24-month periods are met
- Purchase price represents about 13x expected UIG 2027 EBITDA; Vertiv expects accretion to adjusted EPS in the first year
- Expected to close in the fourth quarter of 2026 after the Hart-Scott-Rodino waiting period and other customary conditions
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.