Vertiv to Acquire Utility Innovation Holdings for $1.45B Plus Potential Earn-outs

Vertiv Holdings Co. announced its subsidiary has entered into a definitive merger agreement to acquire Utility Innovation Holdings, Inc. (Target) for approximately $1.45 billion in cash at closing. The deal also includes potential additional cash consideration of up to $1.15 billion based on the achievement of specific EBITDA targets by the acquired business.

Key Details

• Transaction Value: The agreement includes ~$1.45 billion in upfront cash and up to $1.15 billion in potential earn-out payments, payable in two tranches if performance targets are met.
• Agreement Date: The merger agreement was signed on September 1, 2026.
• Timeline and Funding: The acquisition is expected to close in the fourth quarter of 2026, subject to customary closing conditions including HSR Act approval. Vertiv plans to fund the transaction using existing resources.