Form 8-K · Current report
Vertiv 8-K, filed Oct 27, 2026
- Filed
- CIK
- 0001674101
- Accession no.
- 0001628280-26-067393
Summary
Vertiv completed its acquisition of Utility Innovation Holdings, Inc. (UtilityInnovation Group), which supplies microgrid controls, onsite generation orchestration and behind-the-meter power architecture for data centers, for approximately $1.45 billion in upfront cash plus up to $1.15 billion in contingent cash tied to EBITDA targets over 12- and 24-month periods. Vertiv CEO Giordano Albertazzi said the deal extends Vertiv's power portfolio upstream to the utility interconnect, and UIG founder and CEO Sidney Hinton said the combination should bring its microgrid expertise to more customers globally.
Key points
- Vertiv's subsidiary Vertiv Corporation merged with Utility Innovation Holdings, Inc., which survived as a wholly-owned Vertiv subsidiary, with the closing dated October 27, 2026.
- Total consideration was about $1.45 billion in upfront cash, subject to working capital, indebtedness and transaction expense adjustments, plus up to $1.15 billion in cash across two tranches contingent on EBITDA targets.
- Vertiv said the purchase price represents roughly 13x expected UIG 2027 EBITDA and expects the acquisition to be accretive to adjusted earnings per share in the first year after closing.
- UIG, founded in 2020 and headquartered in Raleigh, North Carolina, with European headquarters in Dublin, makes proprietary controls software, customized microgrid switchgear and energy storage.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.01Completion of Acquisition or Disposition of Assets
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 2.01 Completion of Acquisition or Disposition of Assets On October 27, 2026 (the “Closing Date”) Vertiv Corporation, an Ohio corporation (“Buyer”) and subsidiary of Vertiv Holdings Co, a Delaware corporation (the “Company”) completed the acquisition (the “Acquisition”) of Utility Innovation Holdings, Inc., a Delaware corporation (“UIG”), pursuant to the merger of Vultra Merger Sub, Inc. (“Merger Sub”), a wholly-owned subsidiary of Buyer, with and into UIG, with UIG being the surviving corporation and becoming a wholly-owned subsidiary of Buyer following the merger. …
An excerpt of the text as filed with the SEC, cut for length.
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