Acquiring Company
Vertiv
Acquired Company
UtilityInnovation Group
WestervilleRaleighManufacturingInformation TechnologyHardwareSoftwareInternet ServicesAnalyticsData CenterEnergyArtificial IntelligenceRenewable EnergyCivil EngineeringDescription
Vertiv, through subsidiary Vertiv Corporation, has completed its acquisition of Utility Innovation Holdings, Inc. (UIG) for approximately $1.45 billion in upfront cash. The deal includes up to $1.15 billion in contingent cash consideration tied to EBITDA targets over 12- and 24-month periods. Vertiv expects the acquisition to be accretive to adjusted earnings per share in the first year and to extend its offerings to grid interconnect and onsite power for AI data centers.
Who to call at Vertiv, and when
When Vertiv changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Vertiv raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Vertiv, from your own LinkedIn network
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Frequently asked
Who acquired UtilityInnovation Group?
UtilityInnovation Group was acquired by Vertiv, based in Westerville. The deal was reported on November 5, 2026. Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv is publicly traded (VRT) and operates in Manufacturing.
When did Vertiv acquire UtilityInnovation Group?
Vertiv's acquisition of UtilityInnovation Group was reported on November 5, 2026. Vertiv, through subsidiary Vertiv Corporation, has completed its acquisition of Utility Innovation Holdings, Inc. (UIG) for approximately $1.45 billion in upfront cash. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does UtilityInnovation Group do?
UtilityInnovation Group (UIG) focuses on delivering cutting-edge energy solutions for data centers. The company aims to support the rapid expansion of data centers in North America and Europe. It is privately held, operating in Energy, and is based in Raleigh.
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