Data as of: 2026-10-04 Issued: 2026-10-04 (America/Toronto) Evidence key: CONFIRMED (primary source), REPORTED (multiple outlets), RUMORED (unverified market reporting), ANALYTICAL (inference).
nVent Electric completed its acquisition of Maverick Power around October 2, paying $1.75 billion upfront with up to another $550 million in cash contingent on performance metrics in 2027 and 2028 — total consideration of up to $2.3 billion. The definitive agreement was signed August 21, and nVent raised $800 million through senior notes to help finance the deal.
Maverick Power is a provider of engineered power-distribution and infrastructure services for data centers. The acquisition broadens nVent’s exposure to the high-growth infrastructure vertical, adding a power-distribution platform to a portfolio that already serves data-center electrical needs. nVent described the strategic logic as straightforward: data centers need enormous amounts of electricity, delivered fast, and the companies that can deliver power equipment have become AI-economy stocks.
The earnout structure — nearly a quarter of the maximum price tied to 2027–2028 performance — suggests the seller’s growth projections around data-center demand were the negotiating fulcrum. Whether Maverick hits those targets will be an early read on how durable the data-center power-equipment cycle proves to be.