nVent Completes Maverick Power Acquisition

LONDON, Oct. 01, 2026 /CourierPR/ -- nVent Electric plc, a global leader in electrical connection and protection solutions, has announced the successful completion of its acquisition of Maverick Power for a purchase price of $1.75 billion, subject to customary adjustments. The transaction also includes the potential additional consideration of up to $550 million in cash based on achieving certain performance metrics in 2027 and 2028. This acquisition marks a significant step for nVent, broadening its exposure to the high-growth infrastructure vertical, particularly in data centers, with a power distribution platform that complements nVent’s existing data center offerings.

The acquisition of Maverick Power, a leading manufacturer of engineered power distribution and infrastructure solutions for data centers, expands nVent’s offerings for new power architectures and system-level solutions and services for data centers. Headquartered in McKinney, Texas, Maverick Power has approximately 900 employees in Texas and Arizona. The company dates back more than 100 years and includes nVent, the principal office of nVent Electric plc, which is based in London and has its management office in Minneapolis.

The acquisition of Maverick Power aligns with nVent’s strategy to strengthen its position in the data center market. As part of this acquisition, nVent has welcomed the Maverick Power team, adding a power distribution platform to its portfolio and enhancing its offerings for new power architectures and system-level solutions and services for data centers.

The Maverick Power acquisition is a testament to nVent’s commitment to expanding its product offerings and entering new markets. This strategic move will enable nVent to better serve its customers in the data center sector, offering a comprehensive range of solutions that meet the evolving needs of data center operators.

The acquisition of Maverick Power is expected to provide significant synergies and cost savings, further solidifying nVent’s position as a leading provider of electrical connection and protection solutions. As nVent continues to integrate Maverick Power, the company is committed to maintaining the quality, reliability, and innovation that have been hallmarks of the Maverick Power brand.

The acquisition of Maverick Power is a pivotal moment for nVent, positioning the company to capitalize on the growing demand for reliable and efficient power distribution solutions in data centers. This strategic move underscores nVent’s commitment to innovation and its ability to expand its offerings to meet the evolving needs of its customers in the data center sector.