Vertiv Plans $1bn PurgeRite Acquisition

Vertiv plans to acquire Purge Rite Intermediate, LLC, (PurgeRite) for $1 billion in cash plus up to $250 million based on achieving certain 2026 performance metrics. The deal represents approximately 10x expected 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) including "expected cost synergies."

“This acquisition represents a strategic expansion of Vertiv’s fluid management capabilities, from design through maintenance,” said Gio Albertazzi, Vertiv's CEO.

“PurgeRite’s specialized services and engineering excellence are expected to complement our existing portfolio and strengthen our ability to support high-density computing and AI applications where efficient thermal management is critical to performance and reliability."