nVent Electric plc said on Monday it agreed to acquire Maverick Power Solutions Inc. for $1.75 billion in cash, expanding its presence in the data-center infrastructure market.
The acquisition includes an additional contingent consideration of up to $550 million in cash, payable in 2027 and 2028 if Maverick meets specified performance targets. Maverick, based in McKinney, Texas, employs about 900 people across Texas and Arizona and is projected to generate roughly $700 million in revenue for 2026.
The deal adds low-voltage electrical panels and switchboards, medium-voltage panels, integrated modular solutions, and related services to nVent’s portfolio. nVent said the purchase price implies an enterprise-value multiple of about 11.5 times Maverick’s forecasted 2026 adjusted EBITDA, or roughly 10.5 times on an after-tax basis.
nVent expects the acquisition to be accretive to adjusted earnings per share in the first full year after completion, which is targeted for the fourth quarter of 2026, subject to customary closing conditions and regulatory approvals.
Funding will come from a mix of available cash and new debt, with Bank of America providing committed bridge financing. nVent, listed in New York under ticker NVT, is headquartered in London.
Beth Wozniak, nVent’s chair and CEO, said Maverick aligns with the company’s strategy to focus on high-growth infrastructure and strengthens its offerings for data-center customers. Tom Currier, Maverick’s president and CEO, called the deal a significant milestone for the company.
