Vertiv to acquire Great Lakes Data Racks for $200M, targeting AI-ready rack solutions

Vertiv Holdings Co

Purchase price $200M, representing ~11.5x expected 2026 EBITDA including synergies.
Great Lakes designs custom rack enclosures; operates facilities in US and Europe.
Deal expected to close in Q3 2025, subject to HSR and customary conditions.
Acquisition strengthens Vertiv's ability to deliver pre-engineered AI-ready rack solutions.
Great Lakes founded in 1985, headquartered in Edinboro, PA.

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