Vertiv Completes $1.45 Billion UtilityInnovation Group Acquisition

Oct 27, 2026
Vertiv completed its acquisition of UtilityInnovation Group for about $1.45 billion in upfront cash, adding microgrid controls and power systems for data centers.

Vertiv completed its acquisition of UtilityInnovation Group for about $1.45 billion in upfront cash, the company announced in a press release. The agreement includes up to $1.15 billion in additional cash if the acquired business reaches specified earnings targets over 12 months and 24 months.

UtilityInnovation Group provides microgrid controls, onsite generation and energy storage coordination, specialized switchgear, and behind the meter power architecture. Vertiv is adding these systems to its existing data center power and cooling portfolio.

The purchase price represents about 13 times UtilityInnovation Group's expected 2027 earnings before interest, taxes, depreciation, and amortization. Vertiv expects the acquisition to increase its adjusted earnings per share during the first year after completion.

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