nVent Agrees to Acquire Maverick Power for Up to $2.3 Billion
nVent Electric plc (NYSE:NVT) has agreed to acquire Maverick Power in a deal valued at up to $2.3 billion, including an initial purchase price of $1.75 billion and potential additional payments tied to performance metrics through 2028. The acquisition is expected to close by the end of Q4 2026 after regulatory approvals are secured. Maverick Power generates approximately $700 million in revenue for 2026, making the base price equivalent to a multiple of 2.5 times its estimated annual revenue and up to 3.3 times if all performance targets are met. The deal is seen as strategic due to Maverick's complementary power-distribution products that align with nVent’s data-center infrastructure offerings. While the acquisition could boost adjusted earnings per share in year one, concerns remain about undisclosed financial thresholds for the earnout and potential integration costs. nVent currently has strong balance sheet metrics but will likely take on additional debt to fund this large-scale transaction.
Tickers: $NVT
Topics: data centers electrical equipment M&A power distribution