nVent Electric plc agreed to acquire Maverick Power for $1.75 billion in cash, expanding its portfolio of power distribution and infrastructure solutions for data centers. The London-based acquirer said the deal aligns with its strategy to target high-growth infrastructure verticals.
Maverick Power, based in McKinney, Texas, designs low-voltage and medium-voltage switchgear, integrated modular solutions and related services. The company employs roughly 900 people across Texas and Arizona and is projected to generate about $700 million in revenue for 2026.
The purchase price represents an enterprise-value multiple of approximately 11.5 times Maverick’s anticipated 2026 adjusted EBITDA, or about 10.5 times after accounting for expected tax benefits. nVent expects the acquisition to be accretive to adjusted earnings per share in the first full year post-close.
nVent plans to finance the deal with a mix of existing cash and new debt, with Bank of America providing committed bridge financing. An additional $550 million in cash may be paid in 2027 and 2028 if performance targets are met.
The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions including regulatory approval. nVent Chair and CEO Beth Wozniak said Maverick Power strengthens the company’s power distribution capabilities and broadens its offerings to data-center customers.
Maverick Power President and CEO Tom Currier called the deal a significant milestone for the company.
