Key Moments
- nVent Electric (NYSE:NVT) agreed to acquire Maverick Power for $1.75 billion to deepen its presence in AI-focused data center infrastructure.
- The deal structure includes a potential additional cash payment of up to $550 million tied to Maverick’s performance in 2027 and 2028.
- The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approvals and customary conditions, and will be funded through cash and new debt.
Strategic Expansion Into AI-Driven Data Center Infrastructure
nVent Electric (NYSE:NVT) said Monday it has reached an agreement to purchase Maverick Power for $1.75 billion, positioning the company to expand further into the artificial intelligence infrastructure segment.
Chief Executive Beth Wozniak said the acquisition will broaden nVent’s power distribution capabilities and enhance its portfolio of solutions for data center clients. Suppliers of electrical equipment and systems such as nVent have benefited as businesses allocate more capital to support the rapid build-out of AI computing capacity.
Deal Structure and Potential Earn-Out
Under the terms outlined by nVent, the transaction includes a possible additional cash consideration of up to $550 million. This contingent payment would depend on Maverick Power achieving specified performance milestones in 2027 and 2028.
| Transaction Component | Details |
|---|---|
| Upfront purchase price | $1.75 billion |
| Potential additional payment | Up to $550 million in cash |
| Performance period for earn-out | 2027 and 2028 |
| Expected closing timeline | Fourth quarter of 2026 |
| Funding sources | Cash on hand and new debt |
Maverick Power’s Product Portfolio and Location
Maverick Power is headquartered in McKinney, Texas. The company develops engineered power distribution and infrastructure solutions, including low- and medium-voltage switchgears, switchboards, and integrated modular solutions that serve data center and related applications.
Financing Plan and Closing Conditions
nVent plans to finance the acquisition through a mix of existing cash resources and newly issued debt. The company stated that the transaction is expected to be finalized in the fourth quarter of 2026, pending customary closing conditions and regulatory approvals.
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