Vertiv $VRT is extending itself from a data-center power and thermal infrastructure provider further upstream into grid interconnection, onsite generation, and microgrid architecture. The key point is that Vertiv’s acquisition of UtilityInnovation Group (UIG) is aimed at solving one of the biggest bottlenecks facing AI data centers today: Time to Power. Vertiv has announced an agreement to acquire UIG for approximately $1.45B in cash, with up to an additional $1.15B in cash earnouts tied to EBITDA targets over the following 12 and 24 months. The transaction is expected to close in Q4 2026. Based on the upfront purchase price, the deal is valued at roughly 13x UIG’s expected 2027 EBITDA. Vertiv has also said that if the full earnout is paid, the implied multiple would actually be lower, an
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