Vertiv completes acquisition of Utility Innovation Group for approximately $1.45 billion
Vertiv Holdings Co completed its acquisition of Utility Innovation Holdings, Inc. (UIG) on October 27, 2026, for approximately $1.45 billion in upfront cash, plus additional contingent consideration of up to $1.15 billion based on EBITDA target achievements over 12- and 24-month periods. At the approximately $1.45 billion purchase price, the acquisition represents approximately 13x expected UIG 2027 EBITDA. Vertiv expects the acquisition to be accretive to adjusted earnings per share in the first year following...
Key takeaways
Acquisition of Utility Innovation Group completed for approximately $1.45 billion upfront cash plus up to $1.15 billion in contingent consideration
Deal valued at approximately 13x expected UIG 2027 EBITDA, with the multiple anticipated to be lower if full earnout is paid
UIG's microgrid controls, onsite generation orchestration, and behind-the-meter power architecture extend Vertiv's capabilities upstream to the grid interconnect
Transaction expected to be accretive to adjusted EPS in the first year following completion
UIG founded in 2020, headquartered in Raleigh, North Carolina, with European headquarters in Dublin, Ireland
J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC served as financial advisors to Vertiv and UIG respectively
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