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# Vertiv Closes $1.45 Billion Deal For UtilityInnovation Group, With Up To $1.15 Billion More In Earnout
- URL: https://www.bullished.co/vertiv-closes-1-45-billion-deal-for-utilityinnovation-group-with-up-to-1-15-billion-more-dceb58d8/
- Published: 2026-10-27T10:41:14.000Z
- Updated: 2026-10-28T16:25:36.000Z
- Description: The power and cooling maker says the microgrid purchase extends its reach to the utility interconnect for power-starved AI data centers.
- Author: Matteo Parrino
- Tags: SEC Filings, VRT, Industry: Industrials

[Vertiv Holdings](https://www.bullished.co/tag/vrt/), which makes power and cooling equipment for data centers, completed its purchase of UtilityInnovation Group on Tuesday, paying [about $1.45 billion in upfront cash](https://www.sec.gov/Archives/edgar/data/0001674101/000162828026067393/vrt-20261027.htm?ref=bullished.co) and promising up to $1.15 billion more if the target hits earnings goals.

## Paying 13x, with an earnout on top

Vertiv bought Utility Innovation Holdings, which operates as UtilityInnovation Group (UIG). The upfront cash is subject to customary adjustments for working capital, debt and transaction expenses.

The extra [$1.15 billion](https://www.sec.gov/Archives/edgar/data/0001674101/000162828026067393/exhibit991vrt-q42026102720.htm?ref=bullished.co) is payable in cash, in two tranches, if UIG meets EBITDA targets (earnings before interest, taxes, depreciation and amortization) over 12- and 24-month periods.

At the upfront price, Vertiv said, the deal equals about 13 times expected UIG 2027 EBITDA. The company said the multiple would be significantly lower if the full earnout is paid. It expects the deal to add to adjusted earnings per share in the first year after completion.

## Reaching toward the grid

UIG, founded in 2020 and based in Raleigh, North Carolina, designs microgrid switchgear, proprietary controls software and energy storage for data centers. It also does behind-the-meter power architecture design, meaning power systems on the customer's side of the utility connection. Vertiv signed the merger agreement on September 1, 2026, and disclosed it in an [8-K](https://www.bullished.co/learn/8-k-items-explained/) filed September 2.

Vertiv's own business spans power management, thermal management, switchgear and services for data centers, communication networks and industrial sites. The release says UIG pushes that portfolio upstream to the grid interconnect, as grid constraints increasingly limit AI infrastructure deployment.

CEO Giordano Albertazzi said access to power "has become a critical competitive advantage," and that the deal lets Vertiv extend "upstream to the utility interconnect and onsite power sources."

## What customers are meant to get

Vertiv says the combination should speed access to power, easing or removing dependence on utility interconnection timelines. It should let onsite capacity scale beyond what the grid alone can provide, and give customers one accountable relationship from grid interconnect through rack-level equipment.

UIG founder and CEO Sidney Hinton said the company can now bring its expertise to a broader set of customers globally.

How much of the $1.15 billion Vertiv ultimately pays depends on UIG's EBITDA over the 12- and 24-month periods.

Learn

- [Item 2.01: completion of an acquisition or disposition →](https://www.bullished.co/learn/8-k-items-explained/#item-201-completion-of-an-acquisition-or-disposition)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — Vertiv Holdings Co (VRT)](https://www.sec.gov/Archives/edgar/data/0001674101/000162828026067393/vrt-20261027.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit exhibit991vrt-q42026102720.htm — Vertiv Holdings Co 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001674101/000162828026067393/exhibit991vrt-q42026102720.htm?ref=bullished.co) — SEC EDGAR
- [Vertiv Completes Acquisition of King Environmental Services Ltd., Expanding Global Fluid Management Services – Company Announcement - FT.com](https://markets.ft.com/data/announce/detail?dockey=600-202610260630PR%5FNEWS%5FUSPRX%5F%5F%5F%5FCL80586-1&ref=bullished.co) — Financial Times

### More on Vertiv Holdings

- [Vertiv Stock Soars 13% After Orders More Than Double And Every 2026 Target Rises](https://www.bullished.co/vertiv-stock-soars-13-after-orders-more-than-double-and-every-2026-target-rises-5ffe4503/)
- [Vertiv Raises 2026 Sales Outlook By $650 Million After Third-Quarter Sales Jump 61%](https://www.bullished.co/vertiv-raises-2026-sales-outlook-by-650-million-after-third-quarter-sales-jump-61-adffcd8b/)
- [Vertiv Closes Deal For Ireland's King Environmental, Taking Cooling Field Services Into Europe](https://www.bullished.co/vertiv-closes-deal-for-irelands-king-environmental-taking-cooling-field-services-into-45b159ac/)

[All Vertiv Holdings (VRT) coverage →](https://www.bullished.co/tag/vrt/)