The proposed acquisition would add Maverick Power’s low- and medium-voltage switchgear, switchboards, modular power solutions and services to nVent’s infrastructure portfolio, subject to regulatory approval and other closing conditions.
Key takeaways
- nVent has signed a definitive agreement to acquire Maverick Power for $1.75 billion, subject to customary purchase-price adjustments.
- The transaction includes potential additional cash consideration of up to $550 million based on specified 2027 and 2028 performance metrics.
- Maverick Power supplies low-voltage and medium-voltage switchgear, switchboards, integrated modular solutions and related services for data-center infrastructure.
- nVent expects to fund the deal with cash on hand and new debt, and expects closing in Q4 2026, subject to regulatory approval and other customary conditions.
- For project teams, the immediate effect is limited: Maverick remains a separate supplier until closing, while longer-term product, channel and service integration details have not been announced.
A pending acquisition focused on data-center power infrastructure
nVent Electric plc has entered into a definitive agreement to acquire Maverick Power for a purchase price of $1.75 billion, subject to customary adjustments. The announced transaction also provides for up to $550 million in additional cash consideration if specified performance metrics are achieved in 2027 and 2028.
The agreement was announced on August 24, 2026. It is not yet a completed acquisition. nVent said it expects the transaction to close during the fourth quarter of 2026, subject to customary closing conditions, including regulatory approval. The company plans to finance the purchase through available cash on hand and new debt.
nVent characterized the base purchase price as an enterprise-value multiple of approximately 11.5 times anticipated 2026 adjusted EBITDA. It also said the transaction is expected to be accretive to adjusted earnings per share in the first full year after completion. Those are company expectations rather than completed financial results.
What Maverick Power would add
Maverick Power is headquartered in McKinney, Texas, and nVent describes it as a North American provider of engineered power-distribution and infrastructure solutions for data centers. Its offering includes low-voltage switchgear and switchboards, medium-voltage switchgear, integrated modular solutions and services.
According to nVent, Maverick has approximately 900 employees across Texas and Arizona and is expected to generate roughly $700 million in 2026 revenue. The buyer also cited Maverick’s backlog and demand visibility, but did not disclose contract-level backlog figures, customer names, manufacturing-capacity plans or post-closing organizational arrangements.
The significance is less about adding a standalone catalog line than adding equipment and services closer to the utility-to-facility power path. Switchgear, switchboards and integrated modular electrical assemblies are central to the distribution architecture that supports large data-center construction and expansion projects.
How the deal fits nVent’s existing portfolio
nVent already operates in systems protection and electrical connections. Its 2025 annual report identifies brands including nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE, and describes offerings across enclosures, cooling, bus systems, electrical connections, power connections, power management and switchgear systems.
The company has also been building its infrastructure position through acquisitions. Its 2025 annual report states that nVent acquired the enclosures, switchgear and bus-systems businesses of Avail Infrastructure Solutions in May 2025. nVent said that business primarily serves infrastructure applications including power utilities and data centers.
Against that backdrop, the Maverick agreement appears intended to widen nVent’s power-distribution capability for data-center projects while complementing its existing protection, enclosure, connection, cooling and engineered-building offerings. This is an integration rationale stated by nVent; it does not establish that the companies’ products will be bundled, cross-certified or sold through a unified channel after closing.
What procurement and installation teams should watch
Until the acquisition closes, contractors, integrators and owners should treat nVent and Maverick Power as separate suppliers and continue to validate current quotations, approved-vendor status, lead times, testing documentation, service coverage and warranty terms directly with the applicable manufacturer or representative.
For future data-center projects, the deal could eventually affect how buyers evaluate package scope across power distribution, equipment protection and modular infrastructure. However, nVent has not announced product rationalization, brand changes, changes to factory locations, distribution arrangements, service-program consolidation or common technical documentation.
Teams specifying switchgear and switchboards should therefore continue their normal due diligence: confirm voltage class, short-circuit and protective-device requirements, applicable listing and test documentation, field-service responsibility, commissioning scope, spare-parts strategy and the coordination boundaries between modular assemblies and the broader electrical system. Any commercial or technical changes resulting from the proposed transaction should be assessed only after nVent provides post-closing guidance.