nVent Agrees to Acquire Maverick Power for $1.75 Billion Plus Earnout
nVent Electric plc announced an agreement to acquire Maverick Power, a data-center power distributor, for $1.75 billion in cash plus up to $550 million in contingent consideration tied to 2027–2028 performance. The transaction is expected to close in the fourth quarter of 2026, subject to customary conditions and regulatory approvals. Planned financing includes net offering proceeds, a $600 million term loan, a $250 million specified revolver, and up to a $1.5 billion bridge facility; the transaction is expected to add approximately $1.65 billion of new indebtedness.
The provided evidence identifies a new, forward-looking acquisition announcement rather than price action or commentary. nVent announced a $1.75 billion cash acquisition of Maverick Power, with up to $550 million of contingent consideration, a planned Q4 2026 closing, and financing that is expected to add approximately $1.65 billion of indebtedness; these terms can materially affect nVent’s future cash flows, strategy, and leverage. The prior timestamp of 2026-12-15 appears to represent an estimated date within the expected closing quarter rather than the announcement, so it is corrected to 2026-09-15 based on the dated announcement source; the exact announcement time is unavailable, so midnight UTC is used as a date-level estimate. NVT is directly affected, while VRT, ETN, SU.PA, and LR.PA are retained as explicitly identified direct competitors with a plausible competitive channel; more indirect or weakly supported stakeholder inferences are excluded.
nVent announced a $1.75 billion agreement to acquire Maverick Power, with up to $550 million additional contingent consideration.
Deal expected to close Q4 2026, subject to customary conditions and regulatory approvals; termination rights extend to Feb 19, 2027.
Transaction will materially increase leverage (~$1.65B new indebtedness), posing integration, liability and liquidity risks.