nVent Completes $1.75 Billion Maverick Power Deal, Adding Data-Center Power Equipment
The completed purchase brings a roughly 900-person manufacturer into nVent. Another $550 million in cash depends on performance in 2027 and 2028.
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3 key pointsnVent’s purchase brings an established data-center power-equipment manufacturer into its business, extending its reach from electrical components toward broader system-level solutions and services. The deal also carries up to $550 million in contingent consideration tied to performance in 2027 and 2028; the specific metrics were not disclosed, so the full potential $2.3 billion cost is not guaranteed. Integration is a stated risk, making execution—not just the expanded product footprint—a key measure of the acquisition’s payoff.
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nVent confirmed the acquisition closed on October 1, 2026, for $1.75 billion, subject to customary adjustments.
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McKinney, Texas-based Maverick has about 900 employees across Texas and Arizona and makes engineered power-distribution and infrastructure solutions for data centers.
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The contingent payment depends on performance in 2027 and 2028; nVent did not disclose the metrics, and the payment is not automatic.
nVent now owns Maverick Power, adding a manufacturer of data-center power-distribution equipment to its electrical connection and protection business. The company confirmed the acquisition’s completion on October 1, 2026, at a purchase price of $1.75 billion, subject to customary adjustments.
The acquisition gives nVent an existing manufacturing organization, not just a proposed product line. Maverick is headquartered in McKinney, Texas, and has approximately 900 employees across Texas and Arizona. It makes engineered power-distribution and infrastructure solutions for data centers.
Chair and CEO Beth Wozniak said Maverick’s power-distribution platform complements nVent’s current data-center offerings. She also said the acquisition broadens its offerings for new power architectures and for system-level solutions and services—work aimed at the data-center system rather than individual components alone.
The transaction includes potential additional cash consideration based on achieving certain performance metrics in 2027 and 2028.
The financial terms separate the completed purchase from a possible later payment. The $1.75 billion purchase price remains subject to customary adjustments, while the additional consideration depends on future performance. Completing the acquisition does not make that extra cash payment automatic.
If the full additional amount becomes payable, the stated purchase price and contingent consideration would total $2.3 billion before customary adjustments. nVent did not disclose the specific performance metrics in its closing announcement, leaving the conditions for earning that payment unclear.
nVent’s strategic case is broader data-center coverage, but the company also identified acquisition integration as a risk in the announcement. Its cautionary statement specifically includes the ability to integrate Maverick successfully, alongside competition, pricing pressure and supply-chain costs. The transaction is complete; the benefits of combining the businesses remain a forward-looking proposition.
Sources
- globenewswire.comnVent Completes Acquisition of Maverick Power
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