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Vertiv (VRT) to Acquire UtilityInnovation Group for Up to $2.6 Billion in Cash and Earnout

9/12/2026

$2.6 billion is the approximate maximum Vertiv Holdings Co (NYSE: VRT) will pay to acquire Utility Innovation Holdings, Inc., which operates as UtilityInnovation Group (UIG): roughly $1.45 billion in cash at closing plus up to $1.15 billion in contingent earnout payments, the two components summing to the stated maximum.

Vertiv entered the definitive agreement through its wholly owned subsidiary, Vertiv Corporation, with closing expected in Q4 2026 pending regulatory approvals.

At the $1.45 billion upfront price, Vertiv said the deal represents approximately 13 times expected UIG 2027 EBITDA. That multiple is projected, not reported.

Vertiv disclosed no historical revenue, backlog, or cash-flow figures, and the specific EBITDA thresholds underlying the earnout remain undisclosed.