Vertiv Holdings Co completed the acquisition of Utility Innovation Holdings, Inc., operating as UtilityInnovation Group (UIG), on October 27, 2026. The transaction includes approximately $1.45 billion in upfront cash consideration and up to $1.15 billion in contingent earnout payments based on EBITDA targets. UIG provides microgrid solutions, advanced power controls, and behind-the-meter power architecture for data centers. Vertiv expects the acquisition to be accretive to adjusted earnings per share in the first year following completion. The company operates in the critical digital infrastructure industry, providing power, cooling, and IT infrastructure solutions for data centers.
