Vertiv closes $1.45 billion purchase of data center microgrid provider UIG

Vertiv has completed its acquisition of Utility Innovation Holdings, a provider of microgrid and behind-the-meter power systems for data centers, paying about $1.45 billion in cash upfront with up to $1.15 billion more possible if earnings targets are met.

The deal closed on Tuesday, according to an 8-K filed by Vertiv Holdings. A Vertiv subsidiary merged a new unit into Utility Innovation Holdings, known as UIG, which is now a wholly owned subsidiary.

The upfront cash payment is subject to customary adjustments for working capital, debt and transaction expenses. The additional consideration of up to $1.15 billion is payable in two tranches, if earned, based on the acquired business reaching certain EBITDA targets, the filing said. The merger agreement was dated Sept. 1, 2026.

Power for data centers

UIG provides microgrid solutions, advanced power controls and behind-the-meter power architecture design for data centers, according to the 8-K. Behind-the-meter systems generate or manage power on site rather than relying solely on the utility grid.

Key terms

• Upfront cash: about $1.45 billion
• Potential earnout: up to $1.15 billion in two tranches
• Earnout basis: EBITDA targets of the acquired business
• Closing date: Oct. 27, 2026

Sources

1. Vertiv Holdings Co, Form 8-K on completion of the acquisition of Utility Innovation Holdings, Inc., filed Oct. 27, 2026 (accession 0001628280-26-067393)

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