Rotating Data
Home/Deal Room/Vertiv agrees to acquire UIG for $1.45B

Power · Evidence brief

Vertiv agrees to acquire UIG for $1.45B

Vertiv Holdings + UtilityInnovation Group

Primary sourceSEC summary2026-09-02
Deal structurePending acquisition of microgrid / behind-the-meter power company
GeographyUnited States and Europe / Raleigh, North Carolina headquarters
Infrastructure layersPower + data-center microgrids
Disclosed scaleApproximately $1.45B cash at closing; up to $1.15B additional cash earnout is contingent, not the base purchase price

Why it matters

The strategic read

Moves Vertiv upstream from rack power and cooling toward grid interconnects, onsite generation and microgrid controls that AI campuses need when utility timelines slip. The $1.45B figure is the cash price at closing; the $1.15B earnout is not committed consideration.

Source-supported terms

What was disclosed

  1. 01

    Vertiv agreed to acquire UtilityInnovation Group for approximately $1.45 billion in cash at closing.

  2. 02

    Up to $1.15 billion of additional cash is an earnout tied to EBITDA targets over 12- and 24-month periods, not part of the base closing price.

  3. 03

    UIG adds microgrid controls, onsite generation orchestration, microgrid-specific switchgear and behind-the-meter power architecture aimed at AI data-center time-to-power.

  4. 04

    Closing is expected in Q4 2026, subject to regulatory approvals and customary conditions; UIG is not yet a Vertiv subsidiary.

Disclosure boundary

What is known—and what is not

Definitive merger agreement announced September 2, 2026; not a closed acquisition. The $1.45B figure is cash at closing. The $1.15B earnout is contingent on future EBITDA targets. Regulatory approvals and customary closing conditions remain outstanding.