Acquiring Company
nVent Electric
Acquired Company
Maverick Power
Description
nVent Electric will acquire Maverick Power for US$1.75 billion to enhance its data center offerings. The deal may include an additional US$550 million based on performance targets. This acquisition aims to strengthen nVent's capabilities in the AI infrastructure market. The transaction is expected to close in the fourth quarter of 2026.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Maverick Power?
Maverick Power was acquired by nVent Electric. The deal was reported on August 24, 2026. nVent Electric plc is a global provider of electrical connection and protection solutions. The company offers a wide range of innovative products and services to customers in various industries. nVent Electric is privately held and operates in Manufacturing.
When did nVent Electric acquire Maverick Power?
nVent Electric's acquisition of Maverick Power was reported on August 24, 2026. nVent Electric will acquire Maverick Power for US$1.75 billion to enhance its data center offerings. The deal may include an additional US$550 million based on performance targets. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Maverick Power do?
Maverick Power manufactures engineered power distribution and infrastructure solutions. The company specializes in low- and medium-voltage switchgears and switchboards. It offers integrated modular solutions to support various power needs. It is privately held, operating in Manufacturing, and is based in Mc Kinney.
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