nVent closes $1.75B acquisition of data center power specialist Maverick Power

nVent Electric has completed its purchase of Maverick Power for $1.75 billion in cash, subject to customary adjustments, with up to $550 million in additional consideration tied to 2027 and 2028 performance targets. McKinney, Texas-based Maverick builds engineered power distribution and infrastructure systems for data centers and employs roughly 900 people across Texas and Arizona.

Why it matters: The deal plants nVent deeper in the data center power buildout, one of the few industrial end-markets still compounding at speed.