Vertiv pays $1.45B cash for a 2020 microgrid startup, with up to $1.15B more tied to earnings
The upfront price is about 13 times expected 2027 EBITDA, according to Vertiv, and the earnout could take the total to about $2.6 billion. The deal shows how AI data centers now need their own power, not only cooling.
On October 27, 2026, Vertiv, the company that makes cooling and power equipment for data centers, finished buying a startup called UtilityInnovation Group, or UIG. According to Vertiv's press release, the upfront price is about $1.45 billion in cash. The company was founded in 2020, so it is about six years old.
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