Vertiv Closes $1.45B Cash Deal for Microgrid Specialist UIG
Columbus – October 28, 2026 -- Vertiv Holdings Co. (NYSE: VRT) has completed its acquisition of Utility Innovation Holdings, Inc., which operates as UtilityInnovation Group (UIG), for approximately $1.45 billion in upfront cash, adding microgrid and behind-the-meter power capabilities for data centers constrained by grid access.
Earnout of up to $1.15 billion ties additional payout to 12- and 24-month EBITDA targets
The transaction carries contingent cash consideration of up to $1.15 billion, payable if UIG meets EBITDA targets over 12- and 24-month periods. Including the full earnout, total cash consideration could reach $2.6 billion.
The upfront price equals approximately 13x expected UIG 2027 EBITDA. Vertiv expects that multiple to fall significantly if the full earnout is paid. The company expects the deal to be accretive to adjusted earnings per share in the first year after completion.