nVent to acquire data center power firm Maverick Power for $1.75B

nVent Electric plc

nVent (via Hoffman Schroff) to acquire Maverick Power for $1.75B, plus up to $550M earnout based on 2027-2028 performance.
Maverick Power: data center power distribution, ~900 employees, $527M revenue for 12 months ended June 30, 2026.
Financing: new notes offering, $600M term loan, $250M revolver, and up to $1.5B bridge; total new debt ~$1.65B.
Expected close Q4 2026, subject to regulatory approvals; termination date Nov 20, 2026, extendable to Feb 19, 2027.
nVent's total debt was $1.5B as of June 30, 2026; will increase materially after deal.

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