Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.98
Vertiv Holdings Co completed an acquisition involving Purge Rite Intermediate, LLC for $1.0 billion in upfront cash consideration (closed 2025-12-04).
- Action
- acquisition
- Counterparty
- Purge Rite Intermediate, LLC
- Consideration
- $1.0 billion in upfront cash consideration
- Closing
- 2025-12-04
Exact text from the filing
On December 4, 2025 (the “Closing Date”) Vertiv Corporation, an Ohio corporation (“Buyer”) and subsidiary of Vertiv Holdings Co, a Delaware corporation (the “Company”) completed the acquisition (the “Acquisition”) of all of the outstanding interests in Purge Rite Intermediate, LLC, a Delaware limited liability company (“PurgeRite”), for approximately $1.0 billion in upfront cash consideration, subject to customary adjustments for target working capital, indebtedness and expenses, plus additional potential cash consideration of up to $250 million in cash, which additional consideration shall be calculated based on post-closing performance metrics of the acquired business, pursuant to the terms and conditions of that previously announced Securities Purchase Agreement, dated as of October 31, 2025, by and between Buyer, the Company, Purge Rite and Purge Rite Holdings, LLC, a Delaware limited liability company (the “Acquisition Agreement”).
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