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Power infrastructure · Evidence brief

nVent agrees to buy Maverick Power for $1.75B

nVent Electric + Maverick Power

Primary sourcePress release only2026-08-24
Deal structureData-center power-infrastructure acquisition
GeographyTexas and Arizona, United States
Infrastructure layersData-center power distribution + switchgear + modular infrastructure + cooling
Disclosed scale$1.75B purchase price plus up to $550M of performance-based cash consideration

Why it matters

The strategic read

Consolidates a fast-growing data-center power-distribution supplier into nVent's electrical and liquid-cooling platform at a price above the Deal Room threshold. Maverick's switchgear, switchboards and integrated modular systems sit directly in the speed-to-power bottleneck, while its estimated $700M of 2026 revenue and strong backlog give nVent an immediate operating base rather than a greenfield capacity promise.

Source-supported terms

What was disclosed

  1. 01

    nVent entered into a definitive agreement to acquire Maverick Power for $1.75B, subject to customary adjustments.

  2. 02

    The agreement includes up to $550M of additional cash consideration if specified performance metrics are achieved in 2027 and 2028.

  3. 03

    Maverick's portfolio includes low-voltage switchgear and switchboards, medium-voltage switchgear, integrated modular solutions and services for data-center customers.

  4. 04

    Maverick is headquartered in McKinney, Texas, employs approximately 900 people in Texas and Arizona, and is expected to generate approximately $700M of revenue in 2026.

  5. 05

    nVent values the base purchase price at approximately 11.5 times anticipated 2026 adjusted EBITDA, or approximately 10.5 times after the present value of expected tax benefits.

  6. 06

    The acquisition is expected to close in the fourth quarter of 2026 and be funded with cash on hand and new debt; Bank of America is providing committed bridge financing.

Disclosure boundary

What is known—and what is not

Definitive acquisition agreement announced by nVent. The issuer release identifies the $1.75B purchase price, contingent consideration, product scope, employee footprint, estimated 2026 revenue, valuation multiple, expected closing window and financing approach. Closing remains subject to customary conditions and regulatory approval. Public materials do not disclose the purchase agreement, detailed earnout thresholds, customer concentration, customer contracts, backlog value, manufacturing capacity, site-level production, remedies or termination economics.